The Condo Underwriter is responsible for accurately analyzing all condominium project documentation and assist in rendering a decision based on salability to the applicable Agency and UHM guidelines.
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DUTIES & RESPONSIBILITIES
- Research and utilize the most current guidelines for all agencies such as FNMA, FHLMC, GNMA, and RD as well as UHM guidelines when reviewing condominium documentation for approval consideration.
- Review Appraisals to assure they meet Agency property standards as well as condo project requirements as applicable.
- Maintain and update approval lists and recertification of all condominiums.
- Develop and maintain this department, its training and assistance across all channels of business.
- Monitor, respond and resolve Condo Tickets in the Condo Fresh-Desk within Department’s SLA.
- Maintain all required turn times. Current turn times for complete reviews on Condos are 24-48hrs.
- Update & Maintain Policies and Procedures with current agency changes.