Position Summary
The REO Contract Analyst is responsible for analyzing and reviewing real estate-owned (REO) purchase contracts to ensure accuracy, compliance, and adherence to investor, insurer, and company requirements. This role serves as the first line of quality control in the contract-to-close process, identifying discrepancies and ensuring all documentation is properly executed before moving forward. The ideal candidate is detail-oriented, knowledgeable in real estate contracts, and skilled at communicating with multiple stakeholders.
Essential Duties and Responsibilities
- Review REO purchase contracts and related addenda for accuracy, completeness, and compliance.
- Verify contract terms, pricing, buyer/seller information, and contingencies align with investor and company guidelines.
- Identify and resolve errors, omissions, or inconsistencies in contracts before processing.
- Ensure required addenda (HUD, VA, Fannie Mae, Freddie Mac, or client-specific) are included and correctly completed.
- Communicate with asset managers, real estate agents, and internal teams to obtain missing or corrected documents.
- Track contract timelines and flag potential issues that could delay closing.
- Maintain accurate and organized contract files for compliance and audit readiness.
- Provide feedback and escalate unresolved discrepancies to management as needed.
- All other duties assigned
Qualifications
- High school diploma or equivalent required; associate or bachelor’s degree preferred.
- 2+ years of experience in REO, real estate contracts and REO-specific requirements preferred.
- Familiarity with investor and insurer guidelines (HUD, VA, Fannie Mae, Freddie Mac) preferred.
- Excellent attention to detail and organizational skills.
- Strong communication and problem-solving skills.
- Ability to work both independently, and as part of a Team.
