Renovation Lending Analyst
PREMIUM MORTGAGE CORPORATION•Syracuse, NY
•$24 - $28•Hybrid
About The Position
The Renovation Lending Analyst supports the Renovation Lending Division by overseeing loan origination through clear to close, with cross-training to provide coverage for renovation escrow administration and draw processing when needed. This role ensures compliance with company and regulatory standards, and drives timely, high-quality customer outcomes. The position reports to the Head of Renovation Lending.
Requirements
- Previous experience in the mortgage industry with understanding of loan processing
- Familiarity with Encompass
- Customer service skills
- Time management skills
- Written communication skills
- Verbal communication skills
- Team player
- Multi-tasking
- Detail orientated
- Organizational skills
- Problem solving skills
- Independent Judgement
Nice To Haves
- A college degree with two years related experience and/or training. A combination of equivalent education and experience is acceptable
Responsibilities
- Reviews all documentation necessary for loan approval for accuracy, completeness, and tracks all data in origination software
- Processes verifications for credit items including, but not limited to: employment, asset information, rental history, and credit reports.
- Reviews conditions and ensures borrower(s) are providing the correct documentation needed to achieve a Clear to Close
- Stays current on changing rules and regulations pertaining to Conventional, Government-insured mortgages, and all specialty products offered
- Works closely with Underwriting and Closing departments to ensure timely processing and quality loan file flow
- Responds quickly and efficiently to borrower inquiries throughout the mortgage process
- Reviews Loan Estimates (LE) and Closing Disclosures (CD) to ensure proper accounting for all renovation-related fees and line items
- Sets up loans in the Renovation Lending System (RLS) to enable pre-closing renovation collateral documentation and configure for post-closing draw administration
- Assists in gathering and reviewing contractor documentation, including licenses, insurance, bids, and executed contracts
- Cross-trains on post-closing draw administration processes, including draw request review, inspection coordination, and disbursement workflows
- Maintains expertise in renovation guidelines and credit criteria for FHA (203k), Fannie Mae (HomeStyle), Freddie Mac (CHOICERenovation), VA renovation, and SONYMA RemodelNY
- Provides training and support as needed within the renovation lending team
Benefits
- Medical
- Dental
- Vision
- Company Paid Life Insurance
- Paid Time Off
- Sick Time
- Federal Holidays
- Birthday PTO
- Employee Referral Fee
- HSA Employer Contribution
- Employee Mortgage Loans
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Associate degree
