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New York State Homes & Community Renewal · 4 weeks ago

Post Closing Loan Analyst

New York, NY

Full-time

Hybrid

Entry Level

$74K/yr - $74K/yr

2+ years exp

New York State Homes and Community Renewal (HCR) is the State’s affordable housing agency, with a mission to build, preserve, and protect affordable housing and increase homeownership throughout New York State. The Post Closing Loan Analyst will review closed loan files submitted by SONYMA participating lenders for purchase, ensuring compliance with guidelines and regulations.

FinanceProperty ManagementReal Estate

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 loans approved for agency purchase

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

Escalate to Supervisor any problems encountered daily

Other related duties as needed

Qualification

Mortgage documents experienceMS Word proficiencyMS Excel proficiencyMS PowerPoint proficiencyWritten communication skillsOral communication skills

Required

Good written and oral communication skills

Experience with mortgage documents and practices

Minimum 2 years college education preferred

Moderate proficiency in MS Word, MS Excel and MS PowerPoint

Benefits

Extensive benefits package including paid leave, including 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 including 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

As a New York State employee, you may qualify to participate in the Federal Public Service Loan Forgiveness Program (PSLF). The PSLF Program forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under an accepted repayment plan and while working full-time for an eligible employer.

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 the next year for a maximum of $1300