Co-op Project Review Specialist
Description
CrossCountry Mortgage (CCM) is one of the nation’s top 3 retail mortgage lenders with more than 7,000 employees operating nearly 600 branches across all 50 states. We have been recognized nine times on the Inc. 5000 list of America’s fastest-growing private businesses and have received countless awards for our standout culture. Through our dedication to getting it done, we make every mortgage feel like a win.
A culture where you can grow! CCM has created an exceptional culture driving employee engagement, exceeding employee expectations, and directly impacting company success. At our core, our entrepreneurial spirit empowers every employee to be who they are to help us move forward together. You’ll get unwavering support from all departments and total transparency from the top down.
CCM offers eligible employees a competitive compensation plan and a robust benefits package, including medical, dental, vision, as well as a 401K. We also offer company-provided short-term disability, an employee assistance program, and a wellness program.
Position Overview:
The Co-op Project Review Specialist is responsible for reviewing documentation for existing cooperative projects to ensure compliance with internal policies and procedures, as well as the requirements of Fannie Mae and Freddie Mac.
Job Responsibilities: - Ensure cooperative projects are underwritten accurately and in a timely manner.
- Maintain approved/declined cooperative projects lists and manage expiration dates.
- Maintain cooperative projects documentation and requirements as dictated by the agencies and investors.
- Retain and manage project files.
- Ensure cooperatives meet Fannie Mae and Freddie Mac guidelines.
- Determine eligibility of a project by reviewing (co-op questionnaire, 2 yrs. most recent audited financials, co-op’s insurance, Attorney General amendment , most recent budget if applicable)
- Perform legal reviews of Co-op Ground Lease
- Deliver excellent customer service to Sales and Operations staff.
Qualifications and Skills:
- Excellent organizational skills.
- Knowledge of Fannie Mae and Freddie Mac Special Assessment – Deferred Maintenance guidelines from 10/2021.
- Knowledge of Ground Lease guidelines in NYC and the 5 boroughs.
- Knowledge of HDFC Co-op Projects.
- Knowledge of Fannie Mae and Freddie Mac Critical Repair requirements from 9/18/2023.
- Knowledge of Local 11 Law in NY, FISP ( Façade Inspection and Safey Program ) and SWARMP.
- Five plus years’ Co-op project review experience.
This job description is intended to convey information essential to understanding the scope of the job and the general nature and level of work performed by job holders within this job. However, this job description is not intended to be an exhaustive list of qualifications, skills, efforts, duties, responsibilities or working conditions associated with the position.
CrossCountry Mortgage, LLC offers MORE than a job, we offer a career. Apply now to begin your path to success! careersatccm.com
CrossCountry Mortgage, LLC strives to provide employees with a robust benefit package: https://mycrosscountrybenefits.com/
California residents: Please see CrossCountry’s privacy statement for information about how CrossCountry collects and uses personal information about California consumers.
CrossCountry Mortgage, LLC. (NMLS3029) is an Equal Opportunity Employer committed to workforce diversity. Qualified applicants will receive consideration without regard to race, religion, creed, color, orientation, gender, age, national origin, veteran status, disability status, marital status, sexual orientation, gender identity, or gender expression, or any other protected status in accordance with all applicable federal, state and local laws. The collective sum of the individual differences, life experiences, knowledge, inventiveness, innovation, self-expression, unique capabilities and talent that our employees invest in their work represents a significant part of not only our culture, but our reputation. The Company is committed to fostering, cultivating and preserving a culture that welcomes diversity and inclusion. Employment is contingent upon successful completion of a background investigation. CrossCountry Mortgage, LLC. is an FHA Approved Lending Institution and is not acting on behalf of or at the direction of HUD/FHA or the Federal government. To verify licensing, please visit www.NMLSConsumerAccess.org.