REAL ESTATE & COMMERCIAL ANALYST III

Company: Americu Credit Union
Location: Rome
Posted on: September 18, 2024

Job Description:

Real Estate & Commercial Analyst III

1916 Black River Blvd, Rome, NY 13440

Starting pay rate: $63,085 to $78,857 annually, actual rate will depend on experience

Status: Full-Time, Exempt

Who Are We?

AmeriCU is a not-for-profit credit union based in Rome, NY with assets in excess of $2.6 Billion and serving a membership base of over 160,000 members across Central New York, the United States, and beyond. For 74+ years we have been committed to our members, our employees, and our communities. In 2024 we were once again recognized as one of the Best Companies to Work for in New York State and recognized by American Banker as one of the best credit unions in the United States to work for, ranking 27 out of 70!

The Position:

AmeriCU Credit Union is in search of a Real Estate & Commercial Analyst III who aligns directly with our mission to provide our members with the right financial services to live life, dream big, and achieve financial success, and our vision to be the most admired organization in every community we serve. The Real Estate & Commercial Analyst IIIwill:

• Be responsible for the collection administration of all mortgage accounts. This includes foreclosure through managing the Other Real Estate Owned portfolio. Reports and complies with all secondary market procedures regarding loss mitigation, collections and foreclosures through the online secondary market system. Coordinates with appropriate lending teams to ensure appropriate changes are made to the primary lending systems.
  
  What you will do:
  
  As a Real Estate & Commercial Analyst III your primary responsibilities will include:
  
  
• Performs Secondary Market Accounting for Fannie Mae and Freddie Mac custodial accounts. This includes the accurate transaction reporting within the Secondary Market Electronic Default Reporting (EDR) System. Responsible for ensuring knowledge is maintained and enhanced with regard to Fannie Mae and Freddie Mac requirements.
• Collaborates with mortgage servicing company in the effective management of real estate loans which includes portfolio and secondary market conforming loans.
• Assists commercial and consumer real estate borrowers with restructuring and modifications to improve the financial position of the borrower(s) and soundness of Credit Union's position.
• Provides support to any government programs, such as the Home Affordable Mortgage Program (HAMP), VA, FHA, and SONYMA loan programs.
• Maintain real estate reporting on soundness and stability of portfolio, along with collection metrics and status reports on effectiveness of collection efforts.
• Assists in the preparation and maintenance of management and board reports as required.
• Request and coordinate services such as appraisals and title reports for Loss Mitigation options and as required.
• Prepare legal requests to commence foreclosure and coordinate proceedings with Legal Counsel.
• Ensure all deadlines are met for in-house and secondary market mortgage loans in order to protect Credit Union's interest in the real property.
• Attend Trustee Sales as needed and/or requested by management.
• Secure, inspect and make request to insure all REO properties. Ensure that properties remain in good condition until sold.
• Upon inspection of the property, obtain pictures and evaluate the condition of the property.
• Obtain repair estimates for properties. Make recommendations, approval and coordinate the necessary repairs.
• Work with realtor on marketing of REO properties.
• Perform commercial credit reviews to assist in the ongoing management of credit risk; comply with operating policies and procedures established for the loan review function; communicate with appropriate personnel; and maintain appropriate records and reports.
• Communicate with business members on loss mitigation options and solutions to ensure viability of business portfolio.
• Assist with commercial credit reviews to assist in the ongoing management of credit risk to include analyzing adherence to loan policy and procedures, credit quality collateral valuation, and loan documentation.
  
  Come grow with us!
  
  Whether you are just starting out or have been working in your field already, we offer opportunities for growth and advancement. It is our goal to hire employees who will provide exceptional service to our members and who value giving back and supporting the communities we serve. In addition, we offer the following benefits:
  
  Competitive rates on our Medical, Dental and Vision plans
  
  Generous contribution to your Health Savings Account, if you choose to enroll in one of AmeriCU's High Deductible Health plans
  
  Paid Holidays
  
  Paid Time off
  
  Employee Appreciation Events
  
  401(k) Matching after 1 year of employment
  
  Employee Assistance Program
  
  Tuition Reimbursement for Full-time employees after 1 year of employment
  
  Life Insurance & Accidental Death & Dismemberment Insurance, free to all Full-time employees
  
  Enhanced Short Term Disability - at no cost to you!
  
  Get to know us more by clicking on the links below. See why YOU should choose AmeriCU!
  
  https://www.americu.org/in-our-community/
  
  https://www.americu.org/why-americu/
  
  Pay Range: $63,085 - $78,857 per year

Keywords: Americu Credit Union, Utica , REAL ESTATE & COMMERCIAL ANALYST III, Professions , Rome, New York