What are the responsibilities and job description for the Construction Analyst, FHA position at Merchants Capital?
Job Type
Full-time
Description
The Construction Analyst will assist the Construction Loan Analysts (“CLA”) in the day-to-day administrative tasks of a portfolio of loans. This position will provide loan administration support for the CLA to ensure compliance and regulatory requirements are met and overall portfolio performance. This position will also be responsible for a portfolio of repairs.
Success in this position will encompass exemplary external and internal customer service while performing and maintaining timely, accurate administrative transactions and records associated with the portfolio.
Requirements
Merchants offers a comprehensive package of benefits for eligible employees, including, but not limited to: 401(k) employer contributions; employee stock ownership plan (ESOP); medical, dental and vision insurance; various types of leaves of absence, including paid time off, paid holidays, paid leave as provided under state and local paid leave laws, and short-term and long-term disability; health savings accounts (HSAs), flexible spending accounts (FSAs), dependent care and commuter reimbursement accounts, employee and dependent life insurance and supplemental life and AD&D insurance; telehealth, optional ancillary insurance policies, education assistance, and an employee assistance program. Eligibility for benefits is governed by the applicable plan documents and policies.
About Merchants Capital
With over 30 years of success built on putting people first, Merchants Capital is a proven leader in financing for multifamily housing nationwide. Our licenses with Fannie Mae, Freddie Mac, and HUD/FHA, in addition to our bank’s balance sheet products, allow us to offer custom solutions with agility and ease of execution, expanding access to housing in meaningful and impactful ways. Recognized as a top five affordable lender, Merchants Capital pairs our comprehensive debt offerings with in-house tax credit equity to provide a one-stop-shop for developers and owners. To learn more about Merchants Capital, visit www.merchantscapital.com.
Full-time
Description
The Construction Analyst will assist the Construction Loan Analysts (“CLA”) in the day-to-day administrative tasks of a portfolio of loans. This position will provide loan administration support for the CLA to ensure compliance and regulatory requirements are met and overall portfolio performance. This position will also be responsible for a portfolio of repairs.
Success in this position will encompass exemplary external and internal customer service while performing and maintaining timely, accurate administrative transactions and records associated with the portfolio.
Requirements
- Assist CLA with data verification for loan onboarding within 15 business days of loan closing.
- Collect original documents for custodial package, create custodial package, scan into loan file, and submit to document custodian.
- Input and maintain data using various mortgage software.
- Create manual billings and check for accuracy against system of record.
- Manage audit confirmations and audit information retrieval.
- Manage UCC information, including follow up on collection of recorded UCCs.
- Monitor and update commitment log, assign EIN, pool numbers, and retrieve CUSIP numbers for new pools.
- Review/process and disburse repair requests.
- Process interim GNMA pools for FHA/RHS construction draws.
- Other projects as assigned.
- Two years’ role-related experience preferred such as loan administration and/or property management.
- Basic understanding of loan portfolio management desired.
- Must demonstrate the ability to identify, interpret and apply applicable guidelines in managing assigned processes.
- Must possess strong organization and communication skills with a focus on accuracy and attention to detail.
- Requires proficiency in using basic computer software such as Microsoft Office, specifically regarding Outlook, Word and Excel.
- Must demonstrate the ability to successfully manage the demands of multiple deadlines while working as a team player with consideration for customers, co-workers and vendors.
- Bachelor’s degree from an accredited institution preferred; high school diploma or GED from an accredited institution required.
Merchants offers a comprehensive package of benefits for eligible employees, including, but not limited to: 401(k) employer contributions; employee stock ownership plan (ESOP); medical, dental and vision insurance; various types of leaves of absence, including paid time off, paid holidays, paid leave as provided under state and local paid leave laws, and short-term and long-term disability; health savings accounts (HSAs), flexible spending accounts (FSAs), dependent care and commuter reimbursement accounts, employee and dependent life insurance and supplemental life and AD&D insurance; telehealth, optional ancillary insurance policies, education assistance, and an employee assistance program. Eligibility for benefits is governed by the applicable plan documents and policies.
About Merchants Capital
With over 30 years of success built on putting people first, Merchants Capital is a proven leader in financing for multifamily housing nationwide. Our licenses with Fannie Mae, Freddie Mac, and HUD/FHA, in addition to our bank’s balance sheet products, allow us to offer custom solutions with agility and ease of execution, expanding access to housing in meaningful and impactful ways. Recognized as a top five affordable lender, Merchants Capital pairs our comprehensive debt offerings with in-house tax credit equity to provide a one-stop-shop for developers and owners. To learn more about Merchants Capital, visit www.merchantscapital.com.