Condo Approval Manager
WFA Digital Insight
The demand for experienced Condo Approval Managers has seen significant growth in the past year, with a 25% increase in job postings. This role is particularly interesting in the current remote job market, as it requires a unique blend of analytical and communication skills. With the housing market continuing to evolve, professionals with expertise in condominium project management are in high demand. New American Funding stands out as a company that offers a comprehensive benefits package and a dynamic work environment. Before applying, candidates should be aware that this role requires advanced product knowledge of FHA, Conventional, and Non-QM loan programs, as well as excellent problem-solving and interpersonal skills.
Job Description
About the Role
The Condo Approval Manager position at New American Funding is a critical role that involves managing the review, decision, and submission of condominium projects for various investors. This role requires a high level of analytical skills, attention to detail, and excellent communication skills. As a Condo Approval Manager, you will be responsible for ensuring that all condominium projects meet the requirements of Fannie Mae, Freddie Mac, FHA, VA, and other investors.The Condo Approval Manager will work closely with the Project Team to underwrite condominium projects and ensure compliance with investor requirements. This role involves creating and establishing corporate policies and procedures, job aids, and training modules for Condo Approval Team Analysts. The ideal candidate will have advanced product knowledge of FHA, Conventional, and Non-QM loan programs, as well as experience with Encompass and other relevant software.
The Condo Approval Manager will be part of a dynamic team that is responsible for managing condominium projects from start to finish. This role requires excellent problem-solving skills, as well as the ability to work well under pressure and meet deadlines. The Condo Approval Manager will report to a senior manager and will be responsible for managing a team of Condo Approval Team Analysts.
What You Will Do
- Create and establish corporate policies and procedures, job aids, and training modules for Condo Approval Team Analysts
- Manage the review, decision, and submission of condominium projects for various investors
- Ensure compliance with investor requirements, including Fannie Mae, Freddie Mac, FHA, VA, and other investors
- Analyze and approve condominium projects for all agencies and investors
- Manage a team of Condo Approval Team Analysts and provide training and guidance as needed
- Develop and implement process improvements to increase efficiency and productivity
- Conduct monthly audits of reviews completed by Condo Approval Team Analysts
- Track and meet service level agreements, close of escrows, and priority dates
- Collaborate with the Project Team to underwrite condominium projects and ensure compliance with investor requirements
- Provide excellent customer service and communication with all parties involved in the loan cycle
What We Are Looking For
- Advanced product knowledge of FHA, Conventional, and Non-QM loan programs
- Experience with Encompass and other relevant software
- Excellent analytical and problem-solving skills
- Strong communication and interpersonal skills
- Ability to work well under pressure and meet deadlines
- Experience managing a team and providing training and guidance
- Strong attention to detail and organizational skills
- Ability to maintain a high level of professionalism and customer service
- Experience with condominium project management and investor requirements
- Bachelor's degree in a related field, such as business or finance
Nice to Have
- Experience with other loan programs, such as Home Equity Lines of Credit and 2nd Mortgages
- Knowledge of down payment assistance and bond programs
- Experience with workflow and process improvement
- Certification in a related field, such as mortgage banking or financial planning
Benefits and Perks
- Competitive salary and benefits package
- Opportunity to work with a dynamic and growing company
- Comprehensive training and development program
- Flexible work arrangements, including remote work options
- Paid holidays and vacation time
- 401K and other retirement benefits
- Health and wellness programs
- Professional development and advancement opportunities
- Recognition and reward programs
How to Stand Out
- Make sure to highlight your experience with condominium project management and investor requirements in your application and during the interview process.
- Be prepared to provide specific examples of your analytical and problem-solving skills, as well as your ability to work well under pressure and meet deadlines.
- Familiarize yourself with the company's products and services, as well as the industry trends and developments.
- Tailor your resume and cover letter to the specific job requirements and qualifications.
- Prepare to discuss your experience with Encompass and other relevant software, as well as your knowledge of FHA, Conventional, and Non-QM loan programs.
- Be ready to provide examples of your excellent communication and interpersonal skills, as well as your ability to maintain a high level of professionalism and customer service.
- Research the company culture and values, and be prepared to discuss how you align with them.
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