As our GSE Insurance Analyst, you will help lead the compliance reviews of the Fannie Mae and Freddie Mac multifamily loan portfolio. You will also work with the Merchant Capital's production team by reviewing insurance prior to loan closings. It is not uncommon to be working on 12 deals at once and this workload requires a detail-oriented, deadline-driven individual who can work individually, with members of other teams as well as with your own team to manage multiple tasks and projects simultaneously. If you want to join a small cohesive team that works hard and when things get a little stressful, aren't afraid to crack a joke or two, then APPLY TODAY!

After one year as a GSE Insurance Analyst, you will know you were successful if you…

• Review Loan Documents, Appraisals, Engineering, Seismic, and Phase I Environmental Reports to determine loan-specific insurance requirements.
• Input and maintain data using SS&C PLM.
• Point of contact on insurance questions, coverage requirements, and investor guidelines
• Conduct due diligence of loan documents to ensure proper loan setup and servicing of the loan.
• Identify potential risks for the company and the investor and promptly notify the appropriate parties following identification of any coverage issue, deficiency, or lapse in coverage.
• Perform annual review of insurance certificates, statements of value, and invoices to determine compliance with Investor guidelines.
• Audit insurance policies to ensure conformity with investor compliance.
• Process Insurance waivers/Exceptions with supporting documentation for non-compliant insurance issues.
• Pursue and obtain invoices, paid receipts, and evidence of insurance on assigned portfolio.

What we are looking for…

• Bachelor's degree, preferably in the business or finance areas; or insurance-related industry designations with direct experience and demonstrated ability to perform the required tasks.
• A minimum of 3 years of insurance experience in multifamily loan administration is preferred.
• Clear knowledge of Commercial Insurance Coverage – Property, (including Flood, Wind, Earthquake, and Terrorism), General Liability (including Workers Comp and Auto), Professional Liability, and Umbrella/Excess Liability Insurance
• Familiarity with Agency and Lenders (Fannie Mae, and Freddie Mac) programs a plus.
• Merchants Capital was established in August of 1990 as a mortgage banking firm specializing in multifamily housing and healthcare facilities finance. With extensive experience in these types of finance, the company is a premier provider and servicer of Multifamily, Affordable, Healthcare, and Student Housing. Our mission is simple: to provide the best origination and service of our loan and investment products with exceptional customer service, accuracy, creativity, speed, and conformance to regulations.
• Merchants Capital Corp. (MCC) launched its LIHTC equity syndicator in 2020 and as of year-end 2021 had raised $248 million in equity. As a lender, MCC has also originated and closed more than $30 billion+ in financing and now services more than $18 billion+. MCC's primary source of funding is the secondary market of federally chartered agencies and the federal government and tax credit equity investors.

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