Project Analyst – Mortgage Project Analysis

Job Description

Credit Analyst | U.S. Bank

The Tone:
This is an early career role at U.S. Bank, requiring hybrid work from a U.S. Bank location three or more days per week. U.S. Bank helps customers and businesses make smarter financial decisions and supports communities in their growth and success. This role is crucial in ensuring that condominium and cooperative housing projects meet stringent investor, regulatory, and lending guidelines, directly impacting the bank’s lending decisions and risk management. A career with U.S. Bank offers a wide range of opportunities to grow and discover new skills from day one.

The TL;DR
• Role: Early Career
• Location: Hybrid, U.S. Bank locations
• Pay: $53310–$71100 yearly
• Mission: Evaluate condominium and cooperative housing projects against complex lending guidelines to determine eligibility and issue approval decisions.

What You’ll Actually Do
• Project Review: Review condominium and cooperative housing projects to determine their eligibility under investor, regulatory, and lending guidelines.
• Documentation Analysis: Conduct detailed reviews of property-related documentation, including homeowner association (HOA) financial statements, board documents, insurance policies, litigation records, property inspection reports, and safety and health information.
• Guideline Evaluation: Evaluate projects against agency, investor, and portfolio guidelines, analyzing supporting documentation, and requesting additional information when needed.
• Decision Making: Issue project approval decisions based on thorough analysis and maintain accurate records within internal systems.
• Stakeholder Communication: Communicate project outcomes and requirements to underwriting teams, sales partners, operations teams, risk partners, and other key stakeholders.

The Must-Haves
• Background: Bachelor’s degree, or equivalent work experience, with a focus on mortgage, sales, real estate, or banking.
• Experience: Typically one to three years of relevant experience, with demonstrated ability to interpret lending guidelines, conduct regulatory research, review documentation, and apply underwriting or lending requirements.
• Skills: Strong analytical and research skills, attention to detail, ability to interpret complex lending guidelines and regulations, and sound judgment in evaluating project eligibility.
• Bonus: Experience in mortgage lending, underwriting, secondary market guidelines, and agency requirements (Fannie Mae, Freddie Mac, FHA, VA, portfolio lending programs), along with experience reviewing financial, insurance, legal, and property-related documentation.