Mortgage Analyst Job Description
Mortgage analyst
provides training of systems and processes to increase productivity and efficiencies from the mortgage loan originators and other mortgage lending departments.
Mortgage Analyst Duties & Responsibilities
To write an effective mortgage analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included mortgage analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Log calls into automated AVR system/database to insure proper accounting of call volumes and times
Accountable for retrieving, verifying, and delivering MBS certificates as required on the settlement/closing date
Work with other FMG members to implement production quality models
Review declined loans
Analyzes HR data such as turnover and overtime statistics and provides reports to the business’s leaders to assist in decision-making
Coordinates the merit increase and promotion cycles
Helps develop and maintain commission programs
Participates in relevant compensation and pay practices surveys, and then analyzes results
Identifies and recommends improvements to existing programs and processes across HR areas
Provide benefits support throughout the year, especially during Annual Open Enrollment
Mortgage Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Mortgage Analyst
List any licenses or certifications required by the position: CRCM, HUD, DE, PMI, FRM, CFA, LAPP, SAR, BA, CBAP
Education for Mortgage Analyst
Typically a job would require a certain level of education.
Employers hiring for the mortgage analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Business, Finance, Accounting, Education, Economics, Computer Science, Mathematics, Math, Associates, Real Estate
Skills for Mortgage Analyst
Desired skills for mortgage analyst include:
Various JPMorgan systems
Lending processes and products highly desired
Closing
Compliance areas
Database
Internet search skills
Mortgage lending process
Processing
Property valuation and mapping software
Spreadsheet
Desired experience for mortgage analyst includes:
BS/BA in Finance, Accounting
Minimum of 5 years FP&A experience required (Home Lending is a plus)
Book close and monthly financial forecasting experience required
Proficient in Excel and Powerpoint (vlookups, pivot tables, modeling, etc)
Expert ability to identify and resolve exceptions and to interpret
Possess detailed knowledge of assigned products, consumer finance lending (mortgage loans, home equity, Marine/RV, personal loans, deposits products, student loans) and loan servicing, regulatory compliance issues affecting those areas
Mortgage Analyst Examples
1
Mortgage Analyst Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of mortgage analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for mortgage analyst
- Some travel required as needed to Chicago, Ohio and other local branches
- Maintain excellent customer relations with our external and internal business partners such as CMHC, Computershare Trust, Treasury Middle Office, and Finance
- Respond to questions, requests, and concerns from our business partners to identify and resolve issues using well-developed judgement and product knowledge through the use of systems, queries and excel spreadsheets in an organized and comprehensive manner
- Create and finalize MBS pools on the TABS systems (select mortgages, remove ineligible mortgages as they are identified, set up investor details
- Prepare and submit legal documents to CMHC and Computershare prior to MBS settlement deadlines
- Analyze mortgages in the pools using Excel and correct errors as identified
- Analyze the sale transactions on the system to each pool of MBS mortgages, and process any adjustments as required ensuring compliance with signed agreements
- Identify and investigate source system data issues for submission to Mortgage Operations and follow up to ensure data integrity
- Identify and repurchase mortgages from MBS portfolio that no longer meet MBS regulatory requirements
- Understand all possible mortgages transactions and how they flow through to the investor
Qualifications for mortgage analyst
- 2-5 years of experience in QA Testing (within a financial setting is a plus)
- College degree – concentration in Finance, Accounting, Economics, Mathematics, or Computer Science
- Proficient in Excel, Access, SQL Server T-SQL, and ideally SQL Server Data Tools (Reporting Services, Analytic Services, Integrate Services)
- Strong analytical skills with an ability to model data from various sources and build key performance/risk indicators that help monitor and improve process/operations
- Financial or Mortgage services industry experience preferred
- Excellent customer service skills and verbal and written
2
Mortgage Analyst Job Description
Job Description Example
Our company is looking to fill the role of mortgage analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for mortgage analyst
- Ensure accuracy and timeliness of closing figures on closing disclosures
- Maintain effective Communication with all necessary parties, including title agents, processing and others to ensure a seamless closing experience
- Analyze, identify, and resolve potential closing related issues to meet and enhance client experience
- Work with various internal departments and vendors to obtain closing related documentation
- Resolve service escalations and red hot closing problems
- Determining appropriate course of contact-phone, fax, e-mail, written request, Calling borrower, broker and other specified individuals to provide status updates and arrange time and date for closing
- Create system specifications and assist with validation of testing as required in implementation of new process or enhancements to existing processes
- Understand the features of each mortgage product in order to complete legal disclosures
- Prioritize and organize workload to ensure deadlines are met at all times, and items are processed according to policies and procedures
- Conduct quality checks on completed work based on established criteria to ensure processes are followed and output is accurate for these very large transactions
Qualifications for mortgage analyst
- Bachelor’s Degree in technology discipline or equivalent work experience required
- Demonstrated knowledge of Clarity functionality
- Proven ability to analyze and interpret financial data
- Bachelor’s degree in Human Resources, Accounting, Economics, Finance, or similar
- Two plus years related experience preferred
- Analytical and self-directed
3
Mortgage Analyst Job Description
Job Description Example
Our company is growing rapidly and is looking for a mortgage analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for mortgage analyst
- Actively assist in training new incumbents and/or temporary staff on procedures, guidelines and best practices to ensure transfer of knowledge and consistency in process
- May be required to assist Analyst Mortgage Securitization – MBS Accounting
- Partner with IT team to explain the business needs and wants in a business requirements document
- Conduct sessions for IT partners to share business knowledge around system/process
- Perform appraisal reviews of complex 1-4 family residential real estate assigned by the Residential Appraisal Compliance Officer through the FNC/CMS system
- Determine if the appraisal adequately addresses a wide variety of issues that affect property values, such as size, location, market conditions, and physical property condition
- Report appraisal review results via an appraisal review form through the FNC/CMS system
- Correspond with appraisers to address issues or discrepancies on appraisals raised by the line of business regarding specific appraisals, general appraisal practices, and Associated Bank Appraisal Policies
- Coordinate and maintain open lines of communication with FNC and vendors concerning approved appraiser list and appraisal related issues
- Collaborate with the Loan Specialist, Underwriters, Mortgage Consultants, and Credit Analysts to ensure overall appraisal compliance, independence, and valuation
Qualifications for mortgage analyst
- Experience with Mortgage and MSR valuation systems
- Skill with databases such as Access or business-specific software
- 2-5 years of professional experience in the mortgage industry preferred
- Concepts of front-end, middle-ware and backend testing
- Proven knowledge of QRM software, preferably QRMMB
- Solid experience with SQL Server, SSIS
4
Mortgage Analyst Job Description
Job Description Example
Our company is looking for a mortgage analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for mortgage analyst
- Supports loan underwriters review, underwrite, negotiate, and make recommendations on new loan originations and existing loan refinances consistent with established guidelines
- Researches, evaluates, and presents information on real estate markets, mortgage loans, and related investments in conjunction with investment division activities
- Become a SME on company data repository
- Develops and periodically reviews written procedures to ensure they are updated and integrity is maintained
- Assists in the development of training initiatives and provides support of various mortgage servicing software to other business analysts in Servicing
- Executing direct mail marketing campaigns
- Developing marketing content for social media
- Event planning for the sales team
- Training of sales team on lead management systems
- Review customer surveys to spot trends, provide feedback to vendor as to specific gaps
Qualifications for mortgage analyst
- Strong background in SQL, SAS, and Oracle environments is highly desired - (use of tools like Toad & SQL plus are preferred)
- VBA or scripting experience
- Object Oriented, VB.NET/C#, development experience strongly preferred
- You have at least 5 years of experience in Information Technology, business process engineering, and business system analysis with a Bachelor’s degree in IT, Finance/Accounting, or related discipline
- Apex application experience is preferred
- Bachelors degree in Management Information Systems or related field of study or equivalent relevant experience in technology
5
Mortgage Analyst Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of mortgage analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for mortgage analyst
- Receive, interpret and prepare updates to all product material used by lending channels, underwriting and correspondent clients
- Supporting Managing Directors, Directors, Vice-Presidents and Associates in all aspects of client (internal and external) coverage and deal execution including pitching new business, coordinating with sales and trading, legal, accounting, finance, middle office, back office, and risk partners, rating agencies and investors throughout the deal preparation and marketing process
- Preparing client presentations, internal credit and risk memos, and other materials
- Performing comprehensive, in-depth company and industry analysis
- Working with mortgage collateral data/bond cash-flows and understanding financial models
- Communicating and interacting with client team members
- Works on project teams to identify, assess, and resolve operational issues and streamline and/or automate departmental processes
- Plans and conducts small to medium projects
- Developing business testing strategies and working with project members to execute the test plan, recommending preferred solutions, and implementing recommendations
- Perform data analysis related to residential and consumer mortgage loans and servicing rights
Qualifications for mortgage analyst
- 3+ years in financial services, preferrably mortgage banking technology
- Experience in software development life cycle using both waterfall and agile
- 2 yrs equivalent analytical experience as a data analyst, business analyst or business systems analyst or related field or department
- Strong analytical skills, organizational skills and close attention to detail
- Bachelors degree is highly preferred in relevant field of study
- Prefer 3 to 5 years of experience as a data analyst, business analyst or business systems analyst