Mortgage analyst job description
Updated March 14, 2024
7 min read
Find better candidates in less time
Post a job on Zippia and take the best from over 7 million monthly job seekers.
Example mortgage analyst requirements on a job description
Mortgage analyst requirements can be divided into technical requirements and required soft skills. The lists below show the most common requirements included in mortgage analyst job postings.
Sample mortgage analyst requirements
- Bachelor's degree in accounting, finance, business, or other related field.
- 2+ years of experience in mortgage loan analysis.
- Knowledge of complex financial instruments.
- Proficiency with MS Office Suite.
- Ability to work independently and within a team.
Sample required mortgage analyst soft skills
- Excellent written and verbal communication skills.
- Strong problem-solving and analytical abilities.
- Attention to detail and accuracy.
- High level of customer service orientation.
- Ability to manage multiple tasks simultaneously.
Mortgage analyst job description example 1
Fifth Third Bank mortgage analyst job description
Make banking a Fifth Third better We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.
GENERAL FUNCTION:
The Foreclosure Analyst 1 is responsible for ensuring the Foreclosure (FCL) process is completed accurately in adherence to mandatory state and investor timelines by acting as a liaison between Default Managers and outside counsel. Additional duties include calculation of judgment figures to outside counsel, bid analysis, evaluate legal invoices, and review of FCL related legal documents. The residential mortgage portfolio consists of 325,000 loans for $36B in receivables, 75% of which are investor owned and/or insured, requiring strict servicing guidelines throughout the default cycle.
Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Manage 275 FCL cases, initiation through acquisition, including FHLMC, FNMA, FHA/VA & Private Investors with a total financial exposure of $25M.Follow up on all FCL actions monthly to ensure investor guidelines and monthly status requirements are met to prevent fines & reduce errors found during investor audits.Analyze & manage FCL timeline performance to ensure that no more than 10% of monthly case-load is past standard to eliminate monetary penalties up to $100.00 per day for each day past standard.Identify contested FCL and code in order to ensure the proper reporting of delays to investors to reduce potential fines. Ensure that all cases in which Fifth Third Bank has exposure are escalated to management & In-house legal.Ensure FCLs have clear & marketable title throughout the FCL process to eliminate the potential financial exposure for charge-offs.Work closely with other default personnel (including BKR, loss mitigation, and REO) to ensure a seamless transition for loan accounts which move from one area of responsibility to another, for cross training purposes, & to assist other areas due to changes in workload and staffing.Complete financial analysis for FCL sale bids, judgments required by the court, reinstatement & payoff requests made by the borrower & attorney.Examine FCL related expense as they pertain to investor guidelines up to $3,500 per FCL and up to $10M/yr.Review collateral/partial lien releases & gather all necessary information (valuation, proposed compensation, & parcel legal descriptions, etc.) for release of collateral, analyze the proposal for its economic impact on the beneficiary of the loan & make recommendation to management.Analyze the valuation of the property (BPO or appraisal), the marketability of the property, any claims possible against third parties (PMI claim, repurchase or recourse options on the note, hazard insurance, etc.) & any other relevant factors todetermine the bid amount.Coordinate with the Property Preservation/Collateral department to secure & protect the interest of the service on vacant properties to reduce the potential for fines imposed by investors or city ordinances.Prepare bid instructions for sheriff sales no later then 7 days prior to sale to reduce the potential of missing a sale & losing collateral.Ensure the accurate & timely referral to BKR & Post Sale areas as they move through the process to prevent delays & the potential for monetary loss or exposure.Working knowledge of mortgage banking, familiarity with RESPA, FFDCPA, GLBA, FFIEC & federal and state laws related to legal FCL & BKR proceedings.Work with & develop a strong working relationship with network of Bank Appointed & Designated Counsels.Provide mentoring to new staff members, assist in special projects & other duties as assigned.
MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:
High School diploma required.Minimum of 0-2 years of experience in a loan-servicing environment with exposure to Mortgage Default.Communicate effectively to customers, vendors and coworkers.Advanced computer & math skills.
Mortgage Foreclosure Analyst
LOCATION -- Cincinnati, Ohio 45227
Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.
GENERAL FUNCTION:
The Foreclosure Analyst 1 is responsible for ensuring the Foreclosure (FCL) process is completed accurately in adherence to mandatory state and investor timelines by acting as a liaison between Default Managers and outside counsel. Additional duties include calculation of judgment figures to outside counsel, bid analysis, evaluate legal invoices, and review of FCL related legal documents. The residential mortgage portfolio consists of 325,000 loans for $36B in receivables, 75% of which are investor owned and/or insured, requiring strict servicing guidelines throughout the default cycle.
Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Manage 275 FCL cases, initiation through acquisition, including FHLMC, FNMA, FHA/VA & Private Investors with a total financial exposure of $25M.Follow up on all FCL actions monthly to ensure investor guidelines and monthly status requirements are met to prevent fines & reduce errors found during investor audits.Analyze & manage FCL timeline performance to ensure that no more than 10% of monthly case-load is past standard to eliminate monetary penalties up to $100.00 per day for each day past standard.Identify contested FCL and code in order to ensure the proper reporting of delays to investors to reduce potential fines. Ensure that all cases in which Fifth Third Bank has exposure are escalated to management & In-house legal.Ensure FCLs have clear & marketable title throughout the FCL process to eliminate the potential financial exposure for charge-offs.Work closely with other default personnel (including BKR, loss mitigation, and REO) to ensure a seamless transition for loan accounts which move from one area of responsibility to another, for cross training purposes, & to assist other areas due to changes in workload and staffing.Complete financial analysis for FCL sale bids, judgments required by the court, reinstatement & payoff requests made by the borrower & attorney.Examine FCL related expense as they pertain to investor guidelines up to $3,500 per FCL and up to $10M/yr.Review collateral/partial lien releases & gather all necessary information (valuation, proposed compensation, & parcel legal descriptions, etc.) for release of collateral, analyze the proposal for its economic impact on the beneficiary of the loan & make recommendation to management.Analyze the valuation of the property (BPO or appraisal), the marketability of the property, any claims possible against third parties (PMI claim, repurchase or recourse options on the note, hazard insurance, etc.) & any other relevant factors todetermine the bid amount.Coordinate with the Property Preservation/Collateral department to secure & protect the interest of the service on vacant properties to reduce the potential for fines imposed by investors or city ordinances.Prepare bid instructions for sheriff sales no later then 7 days prior to sale to reduce the potential of missing a sale & losing collateral.Ensure the accurate & timely referral to BKR & Post Sale areas as they move through the process to prevent delays & the potential for monetary loss or exposure.Working knowledge of mortgage banking, familiarity with RESPA, FFDCPA, GLBA, FFIEC & federal and state laws related to legal FCL & BKR proceedings.Work with & develop a strong working relationship with network of Bank Appointed & Designated Counsels.Provide mentoring to new staff members, assist in special projects & other duties as assigned.
MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:
High School diploma required.Minimum of 0-2 years of experience in a loan-servicing environment with exposure to Mortgage Default.Communicate effectively to customers, vendors and coworkers.Advanced computer & math skills.
Mortgage Foreclosure Analyst
LOCATION -- Cincinnati, Ohio 45227
Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.
Post a job for free, promote it for a fee
Mortgage analyst job description example 2
First National Bank of America mortgage analyst job description
What you should know about the role
The Mortgage Analyst position performs various HMDA and CRA related tasks pertaining to the Home Mortgage Disclosure Act and the Community Reinvestment Act to ensure the bank's compliance efforts are maintained on a daily basis.
What you should know about First National Bank of America
The word "exceptional" can mean two slightly different things: (1) "unusual or uncommon", and (2) "outstanding, remarkable, or special." We strive to fit both meanings. This is not your typical bank. At FNBA, we set out to be an exceptional bank and practice the culture, "Work hard, have fun and prosper" while consistently making good decisions surrounding our products, our people and our services so that we can provide an exceptional experience for our customers, in a way that adds value to everyone. Our success is attributed to the way our team works together, we encourage each other to grow both personally and professionally every day. As a result, you'll find a positive work environment that is remarkable and unlike any other banking services company.
Job Type: Full-Time
Location: On-site in our East Lansing, MI office
Responsibilities:
Learn and maintain current knowledge of the Home Mortgage Disclosure Act and the Community Reinvestment Act regulations
Have the ability to learn the different origination systems the bank utilizes in regards to complying with HMDA and CRA
Perform daily review of loan files to ensure information is reported accurately on the HMDA LAR (Loan Application Register)
Including determining if the loan files reviewed are to be reported for HMDA
Perform periodic review of loan files to ensure information is reported accurately on the CRA LR (Loan Register)
Including determining if the loan files reviewed are to be reported for CRA purposes
Ensure that errors related to HMDA and CRA reporting are corrected in the necessary systems the bank utilizes for HMDA and CRA reporting
Ensure that all records are properly entered into the HMDA software applications
Continue to build proficiency of HMDA and CRA regulations through bank offered training
Qualifications:
Adaptable and accepting of change
Attention to detail and accuracy
Critical thinking
Sound and accurate judgement
Well organized with the ability to manage multiple tasks and work to time sensitive deadlines
Excellent oral and written communication skills in order to communicate issues and errors to different departments when needed
Working knowledge of Microsoft Office Programs with an emphasis on Excel
PREFERRED EDUCATION/EXPERIENCE
One year of general banking or regulatory agency experience with an emphasis in loan compliance, or equivalent level of education and experience
Work Environment:
Position will often be in a busy office environment. The ability to multitask and focus in this environment is essential.
Employee benefits
Medical - Multiple plans to choose from including HSA and traditional. Premiums as low as $0.00
Dental - Premiums as low as $0.00
Vision - Low premium Plan
Paid Time Off (PTO)
401k with employer match
Adjustable desks that can be raised or lowered to sit or stand
First National Bank of America recognizes that the quality of our people is the foundation for our success. Attracting exceptional individuals who value a challenging work environment that rewards the contributions of its people is the cornerstone of our hiring philosophy.
Note: These statements are intended to describe the general nature and level of work involved for this job. It is not an exhaustive list of all responsibilities, duties, and skills required for this job.
First National Bank of America is an Equal Opportunity Employer.
The Mortgage Analyst position performs various HMDA and CRA related tasks pertaining to the Home Mortgage Disclosure Act and the Community Reinvestment Act to ensure the bank's compliance efforts are maintained on a daily basis.
What you should know about First National Bank of America
The word "exceptional" can mean two slightly different things: (1) "unusual or uncommon", and (2) "outstanding, remarkable, or special." We strive to fit both meanings. This is not your typical bank. At FNBA, we set out to be an exceptional bank and practice the culture, "Work hard, have fun and prosper" while consistently making good decisions surrounding our products, our people and our services so that we can provide an exceptional experience for our customers, in a way that adds value to everyone. Our success is attributed to the way our team works together, we encourage each other to grow both personally and professionally every day. As a result, you'll find a positive work environment that is remarkable and unlike any other banking services company.
Job Type: Full-Time
Location: On-site in our East Lansing, MI office
Responsibilities:
Learn and maintain current knowledge of the Home Mortgage Disclosure Act and the Community Reinvestment Act regulations
Have the ability to learn the different origination systems the bank utilizes in regards to complying with HMDA and CRA
Perform daily review of loan files to ensure information is reported accurately on the HMDA LAR (Loan Application Register)
Including determining if the loan files reviewed are to be reported for HMDA
Perform periodic review of loan files to ensure information is reported accurately on the CRA LR (Loan Register)
Including determining if the loan files reviewed are to be reported for CRA purposes
Ensure that errors related to HMDA and CRA reporting are corrected in the necessary systems the bank utilizes for HMDA and CRA reporting
Ensure that all records are properly entered into the HMDA software applications
Continue to build proficiency of HMDA and CRA regulations through bank offered training
Qualifications:
Adaptable and accepting of change
Attention to detail and accuracy
Critical thinking
Sound and accurate judgement
Well organized with the ability to manage multiple tasks and work to time sensitive deadlines
Excellent oral and written communication skills in order to communicate issues and errors to different departments when needed
Working knowledge of Microsoft Office Programs with an emphasis on Excel
PREFERRED EDUCATION/EXPERIENCE
One year of general banking or regulatory agency experience with an emphasis in loan compliance, or equivalent level of education and experience
Work Environment:
Position will often be in a busy office environment. The ability to multitask and focus in this environment is essential.
Employee benefits
Medical - Multiple plans to choose from including HSA and traditional. Premiums as low as $0.00
Dental - Premiums as low as $0.00
Vision - Low premium Plan
Paid Time Off (PTO)
401k with employer match
Adjustable desks that can be raised or lowered to sit or stand
First National Bank of America recognizes that the quality of our people is the foundation for our success. Attracting exceptional individuals who value a challenging work environment that rewards the contributions of its people is the cornerstone of our hiring philosophy.
Note: These statements are intended to describe the general nature and level of work involved for this job. It is not an exhaustive list of all responsibilities, duties, and skills required for this job.
First National Bank of America is an Equal Opportunity Employer.
Dealing with hard-to-fill positions? Let us help.
Resources for employers posting mortgage analyst jobs
Average cost of hiring
Recruitment statistics
How to write a job description
Examples of work conditions
Mortgage analyst job description FAQs
Ready to start hiring?
Updated March 14, 2024
Updated March 14, 2024