Project Review Associate
3 days ago
About the Role
As a Project Review Associate at Rexera, you will review condominium project
documents, ensure regulatory compliance, and help manage financial risk. This role
requires a strong background in underwriting U.S. mortgages, knowledge of borrower
income and assets, and experience reviewing escrow and condominium documents.
Key Responsibilities:
1. Project Review and Analysis:
- Follows and complies with current Agency and Investor project guidelines to
ensure standards are met for mortgages sold and delivered, secured by units
within Condominium Projects for various investors; Fannie Mae, Freddie Mac,
FHA, VA, and various Jumbo investors, as well as Co-op Projects for Fannie Mae
and Freddie Mac.
- Detailed review of condominium; questionnaires, financials, insurance, recorded
legal documents, as well as review of litigation, ground leases, affordable
housing, resale deed restrictions, and private transfer fees.
- Analyze and approve condominium projects per loan program parameters, such
as Limited Review, Full Review of Established, New Construction for
conventional, FHA, and VA reviews.
- Communicate with clients regarding ineligible or declined projects, providing
clear reasoning and guidance.
2. Compliance and Guidelines:
- Stay current with relevant guidelines, updates, and industry best practices.
- Ensure every project review meets required standards and risk management
protocols.
3. Training and Support:
- Mentor and train junior team members on compliance requirements, document
review, and risk analysis.
- Provide subject matter expertise to internal teams and support client-facing
communications as needed.
Desired Skills & Competencies
- Advanced knowledge of condominium project standards for FHA (SUA &
DELRAP), Conventional, and Jumbo investor programs.
- Strong ability to analyze complex condominium documents (CC&Rs, public offering statements, reserve studies, insurance, and plans).
- Proficiency with Encompass or other paperless mortgage loan origination
systems.
- High proficiency in online research and digital tools for data extraction and
organization.
- Highly organized with strong attention to detail; capable of managing complex
workflows and meeting SLA requirements.
- Excellent written and spoken English, with a neutral/US-friendly accent for client
communication.
- Confident in liaising with government agencies, real estate professionals, and
stakeholders on compliance matters.
- Strong teamwork, interpersonal skills, and professional communication abilities
- Ability to work independently while handling multiple tasks simultaneously.
Required Qualifications
- Minimum 2 years of experience in US mortgage underwriting, risk management,
or real estate compliance.
- Bachelors degree in any discipline (non-technical background preferred).
- Expertise in reviewing borrower income, asset, and appraisal review.
- Experience in title research, tax/permit record review, or related compliance
areas.
- Proven ability to manage high-volume, detail-oriented operations in the US real
estate domain.
Mandatory Requirements
- Comfortable working night shifts; not pursuing active education.
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