Renovation Lending Analyst

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Full Time Clerical Albany, Latham, NY, US

7 days ago Requisition

Salary Range: $24.00 To $27.50 Hourly

Full Time | Hybrid |

Salary Range: $24.00/ hr - $27.50/ hr

Pay Transparency:
Compensation may vary outside of this range depending on a number of factors, including a candidate’s qualifications, skills, competencies and experience, and location. Base pay is one part of the total package that is provided to compensate and recognize employees for their work.

All positions with Premium Mortgage operate on a Hybrid work schedule unless an exception has been granted by Upper Management.

Benefits offered by Premium Mortgage:

• Insurance:
  Medical, Dental, Vision, Company Paid Life Insurance
• Additional Perks:
  Employee Referral Fee, HSA Employer Contribution, Employee Mortgage Loans

The Renovation Lending Analyst supports the Renovation Lending Division by overseeing loan origination through clear to close, with cross‑training to provide coverage for renovation escrow administration and draw processing when needed. This role ensures compliance with company and regulatory standards, and drives timely, high‑quality customer outcomes. The position reports to the Head of Renovation Lending.

• Reviews all documentation necessary for loan approval for accuracy, completeness, and tracks all data in origination software.
• Processes verifications for credit items including, but not limited to: employment, asset information, rental history, and credit reports.
• Reviews conditions and ensures borrower(s) are providing the correct documentation needed to achieve a Clear to Close.
• Stays current on changing rules and regulations pertaining to Conventional, Government‑insured mortgages, and all specialty products offered.
• Works closely with Underwriting and Closing departments to ensure timely processing and quality loan file flow.
• Responds quickly and efficiently to borrower inquiries throughout the mortgage process.
• Reviews Loan Estimates (LE) and Closing Disclosures (CD) to ensure proper accounting for all renovation‑related fees and line items.
• Sets up loans in the Renovation Lending System (RLS) to enable pre‑closing renovation collateral documentation and configure for post‑closing draw administration.
• Assists in gathering and reviewing contractor documentation, including licenses, insurance, bids, and executed contracts.
• Cross‑trains on post‑closing draw administration processes, including draw request review, inspection coordination, and disbursement workflows.
• Maintains expertise in renovation guidelines and credit criteria for FHA (203k), Fannie Mae (Home Style), Freddie Mac (CHOICE Renovation), VA renovation, and SONYMA Remodel
  
  NY.
• Provides training and support as needed within the renovation lending team.

This job description reflects management’s assignment of essential functions; and nothing in this herein restricts management’s right to assign or reassign duties and responsibilities to this job at any time.

• A college degree with two years related experience and/or training. A combination of equivalent education and experience is acceptable.

• Previous experience in the mortgage industry with understanding of loan processing.
• Familiarity with Encompass.
• Team player.
• Multi‑tasking.
• Detail orientated.
• Organizational skills.

The Renovation Lending Analyst is primarily in an office setting and may be exposed to outdoor conditions.

The working conditions are classified as Sedentary work:

• Sedentary work - Exerting up to 10 pounds of force occasionally, and/or a negligible amount of force frequently or constantly to lift, carry, push, pull or otherwise move objects, including the human body. Sedentary work involves sitting most of the time.