Post Closing- Loan Analyst

New York State Housing Finance Agency • New York, NY

1d • Onsite

About The Position

This position is with the State of New York Mortgage Agency (SONYMA), which is one of several agencies under New York State Homes and Community Renewal (HCR). SONYMA's programs provide mortgage financing to assist low- to moderate-income, first-time homebuyers in the purchase of a one-to-four unit residences. This role will report to the Single Family Programs unit of SONYMA, which in turn reports to HCR’s Homeownership and Community Development. The agency is committed to fostering a culture of diversity, equity, inclusion, and accessibility, and seeks to develop a workforce that represents the diverse population of New York State.

Requirements

• Good written and oral communication skills
• Experience with mortgage documents and practices.
• Moderate proficiency in MS Word, MS Excel and MS PowerPoint

Nice To Haves

• Minimum 2 years college education preferred

Responsibilities

• Review of Closed Document files for approval in accordance with SONYMA guidelines, and IRS regulations. Including mortgages, security agreements, assignments, title policies, closing disclosures, regulatory agreements, grant agreements, disclosures, and other recorded instruments.
• Conduct file quality reviews for Originations unit.
• Input loan status data into system of record for Closed Document files.
• Review of Final Document (recorded instruments and final title policies) completed files for accuracy and compliance.
• Correspond and communicate daily with participating lenders.
• Resolve problems, errors and/or omissions on both loan files received for purchase and Final Documents complete files. Explain Agency procedures and guidelines to participating lenders.
• Prepare forms for problem loans; list loans reviewed with correct missing document codes.
• Proof data entry for loans reviewed.
• Update loan status data on for Final Document loans reviewed.
• Communicate deficiencies on electronically submitted loan files, and provide feedback on indexing errors to supervisor for transmission to the vendor.
• Prepare scanning checklist, inventory list and status change list on Final Document reviewed files.
• Complete and submit daily report of day’s activity.
• Log in to the 800 room automated call distribution system during all assigned hours to take incoming calls from the public. Assist with questions/provide requested information to callers as needed.
• Discuss with Supervisor any problems encountered daily.
• Other related duties as needed.

Benefits

• Extensive benefits package including paid leave
• excellent health, dental, vision and retirement benefits with the New York State & Local Employees’ Retirement System.
• Promotional opportunity for dedicated professionals.
• Work life balance benefits include a 37.5-hour work week and paid time off benefits including vacation, sick, personal days, and Federal Holidays.
• Opportunity for compressed scheduling.
• 12 weeks of Paid Parental Leave.
• Paid Family Leave.
• Opportunity for compressed/flextime scheduling.
• Federal Public Service Loan Forgiveness Program eligibility.
• Cash in for Wellness! This program provides you with the option of buying or renewing a health club membership of your choice or enrolling in a weight loss and or smoking cessation program, using your sick leave accruals.
• Tuition reimbursement program – for job related and non-job-related courses.
• Vacation Leave Buy-Back program – Subject to approval, every year eligible employees may exchange previously earned and accrued vacation time in return for cash compensation (at employee’s daily rate of pay at time of exchange).
• Access to Plum Benefits – savings on movie tickets, theme parks, hotels, tours, Broadway shows and more!
• Optical reimbursement program – Employees are eligible for optical, hearing aid, and podiatric expenses not otherwise covered by insurance, with a maximum aggregate amount of $650 per year, per family. Unused yearly balances may be carried over to next year for a maximum of $1,300.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree