Due Diligence Loan Analyst

Consolidated Analytics•Santa Ana, CA

15h

About The Position

The Due Diligence Loan Analyst assesses residential mortgage loans for adherence to investor criteria, including criteria stipulated by nationally recognized statistical rating organizations for third-party review. The assessment covers data quality, credit decisioning, regulatory compliance, fraud screening, property valuations, and servicing history. The position is eligible for an incentive bonus in addition to hourly compensation.

Requirements

Strong background using computer programs for manufacturing or reviewing mortgage loans.
Standard knowledge of the Microsoft Office product suite.

Nice To Haves

Strong written communication skills.
Bachelor’s degree (BA/BS) preferred in business, economics, statistics, or a related field.
Time management, thoughtfulness, reason and problem-solving, and professional communication.

Responsibilities

Ensure residential mortgage loan packages contain the documentation needed for a complete assessment.
Assess the credit decisioning process, including underwriting guidelines, income calculations, and asset validation.
Review borrowers’ credit packages and related background searches to identify potential fraud risks.
Review appraisals and alternative value products for conformity with client requirements and accuracy of property valuations.
Assess legal documents in residential mortgage loan files for proper execution, enforceability, and sufficiency for title perfection.
Gather regulatory compliance data elements from loan files for entry into the due diligence review system.
Review residential mortgage loan servicing histories, including payment histories and servicing commentary, in accordance with client requirements.
Assign loan quality grades using the due diligence review system and client specifications, as well as applicable credit rating agency grading criteria.