Position Title: Condo Conditions Specialist

Reports to: Vice President of Credit Risk

Department: Underwriting

Location: Corporate – Remote

Position Type: Full-Time; 40 hours per week

Supervises: None

FLSA Classification / Type: Non-Exempt/Administrative

Pay Range: $24.00 - $26.00 per hour

Benefits: Paid Time Off (PTO), paid holidays, health, dental, and vision
insurance with additional voluntary coverages available

POSITION SUMMARY

The Condo Conditions Specialist is responsible for reviewing condominium projects and individual condo unit transactions to ensure compliance with agency, investor, and Company guidelines. This role evaluates condominium project documentation, borrower eligibility, collateral risk, insurance coverage, and legal documentation in accordance with current Fannie Mae, Freddie Mac, and FHA Single Unit Approvals (SUA) eligibility requirements. The Condo Conditions Specialist works closely with production, processing, closing, secondary marketing, and quality control teams to support accurate and timely loan decisions while maintaining compliance and risk standards.

DUTIES AND RESPONSIBILITIES

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.

Review condominium projects for eligibility under agency and investor guidelines
Analyze project documentation including condo questionnaires, budget and financial statements, master insurance policies, documentation such as HOA and litigation, reserve studies, special assessments, owner occupancy ratios, and commercial space allocations
Determine project eligibility for: limited/full, CPM/project, detached condo, and established/new project classification reviews
Review and validate borrower loan files as they relate to condominium eligibility and collateral acceptability
Maintain current knowledge of agency updates, lender bulletins, and condominium project policy changes
Assist with internal audits, post-closing reviews, and investor due diligence requests
Meet established service quality standards and productivity goals

EDUCATION, EXPERIENCE, LICENSURE, AND COMPETENCIES

At least 3 years’ experience in the mortgage industry required
High school diploma, or equivalent education and experience; college degree preferred or experience in the mortgage industry
Knowledge of Encompass software strongly preferred
Working knowledge of RESPA
Basic underwriting, processor, and closing knowledge and terminology
Demonstrates success in a fast-paced, high-stakes environment
Aptitude for maintaining professional relationships with coworkers
Highly motivated, ambitious, and driven to succeed
Trustworthy, honest, and able to display a high-level of integrity
Ability to identify and resolve issues in a timely manner
Ability to understand and respond appropriately to basic inquiries
Ability to read, write, and communicate sufficiently to perform job functions
Ability to use Company equipment in assigned areas (including but not limited to telephone, copiers, fax machines, computers, internet, etc.)
Ability to access, input retrieve, and interpret information using applicable computer systems
Ability to multi-task (e.g., simultaneous usage of several applications, etc.)
Compliance with all Bank Secrecy Act (BSA), Anti-Money Laundering (AML) laws, and Office of Foreign Asset Controls (OFAC) requirements are required. Employees must complete annual training in these areas.

WORK ENVIRONMENT

This job operates in a clerical, climate-controlled office setting with adequate lighting and low to moderate noise. In this role, the individual regularly uses standard office equipment such as computers, phones, photocopiers, filing cabinets, and fax machines.

PHYSICAL DEMANDS

This is largely a sedentary role; however, some filing and photocopying is required. This would require the ability to lift files, open filing cabinets, and bend or stand as necessary.

TRAVEL

This position requires up to 10% domestic travel, primarily consisting of day or short trips to local branch offices and/or Corporate, regional meetings, or occasional off-site training seminars, which may require overnight stays. Must hold a valid U.S. driver's license and have reliable personal transportation, with all work-related mileage and expenses reimbursed by the Company.

EXPECTED HOURS OF WORK

Days and hours of work are Monday through Friday, 8:30 a.m. to 5:00 p.m. Evening and weekend work may be required as job duties demand.

OTHER DUTIES

This position performs additional duties as assigned, given adequate guidance and resources. This Job Description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee to perform this job. Duties, responsibilities and activities may change at any time with or without notice.

EOE D/V/M/F

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