Bridge Loan Purchase Analyst
2 weeks ago
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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