Bridge Loan Purchase Analyst

2 weeks ago


New York, New York, United States Ellington Management Group Full time

Key Responsibilities

The successful candidate will be responsible for underwriting loan submissions to Ellington guidelines, including identifying exceptions and corresponding compensating factors.

Responsibilities

  • Underwrite loan submissions to Ellington guidelines, including identification of exceptions and corresponding compensating factors.
  • Manage process for clearing review conditions, application of guideline waivers, and approval of loans for purchase.
  • Manage day-to-day point of contact with lender partners to provide superior customer service.
  • Interact with third-party vendors to obtain property valuations, title work, etc. as needed.
  • Manage other operational aspects of loan purchase program, such as custodian functions, servicer oversight, loan performance, special projects, as needed.

Requirements

  • 5 years of experience in frontline underwriting and/or oversight of residential loan-level underwriting and mortgage due diligence.
  • Good understanding of various product guidelines, including Fix and Flip lending, and Business Purpose Lending in general.
  • Previous experience working for a loan aggregator is a plus.

About Ellington

Ellington Management Group, LLC is a leading investment adviser with a highly analytical approach to portfolio construction and risk management.



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