Process Associate

Department Icon Risk Management & Compliance
Posted: 1 year ago
2-4 years
Hyderabad
Risk Management & Compliance
work from office
Full Time

Posted: 1 year ago
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Job Description

Job Description:

  • About the Role 
  • As a Project Review Associate at Rexera, you will review condominium project
  • documents, ensure regulatory compliance, and help manage financial risk. This role
  • requires a strong background in underwriting U.S. mortgages, knowledge of borrower
  • income and assets, and experience reviewing escrow and condominium documents. 

 Key Responsibilities: 

1. Project Review and Analysis: 

  • Follows and complies with current Agency and Investor project guidelines to
  • ensure standards are met for mortgages sold and delivered, secured by units
  • within Condominium Projects for various investors; Fannie Mae, Freddie Mac,
  • FHA, VA, and various Jumbo investors, as well as Co-op Projects for Fannie Mae
  • and Freddie Mac. 
  • Detailed review of condominium; questionnaires, financials, insurance, recorded

legal documents, as well as review of litigation, ground leases, affordable

housing, resale deed restrictions, and private transfer fees. 

  • Analyze and approve condominium projects per loan program parameters, such

as Limited Review, Full Review of Established, New Construction for

conventional, FHA, and VA reviews. 

  • Communicate with clients regarding ineligible or declined projects, providing

clear reasoning and guidance. 

2. Compliance and Guidelines: 

  • Stay current with relevant guidelines, updates, and industry best practices. 
  • Ensure every project review meets required standards and risk management

protocols. 

3. Training and Support: 

  • Mentor and train junior team members on compliance requirements, document

review, and risk analysis. 

  • Provide subject matter expertise to internal teams and support client-facing

communications as needed. 

Desired Skills & Competencies 

  • Advanced knowledge of condominium project standards for FHA (SUA &

DELRAP), Conventional, and Jumbo investor programs.

  • Strong ability to analyze complex condominium documents (CC&Rs, public

offering statements, reserve studies, insurance, and plans). 

  • Proficiency with Encompass or other paperless mortgage loan origination

systems. 

  • High proficiency in online research and digital tools for data extraction and

organization. 

  • Highly organized with strong attention to detail; capable of managing complex

workflows and meeting SLA requirements. 

  • Excellent written and spoken English, with a neutral/US-friendly accent for client

communication. 

  • Confidence in liaising with government agencies, real estate professionals, and

stakeholders on compliance matters. 

  • Strong teamwork, interpersonal skills, and professional communication abilities 
  • Ability to work independently while handling multiple tasks simultaneously. 

Required Qualifications 

  • 0-2 years of experience in US mortgage underwriting, risk management,

or real estate compliance. 

  • Bachelors degree in any discipline (non-technical background preferred). 
  • Expertise in reviewing borrower income, asset, and appraisal review. 
  • Experience in title research, tax/permit record review, or related compliance

areas. 

  • Proven ability to manage high-volume, detail-oriented operations in the US real

estate domain. 


Skills

Us Mortgage UnderwritingUS MortgageMortgage UnderwritingMortgageProcessUnderwritingOperations

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