Mortgage Reviewer – Zero Subsidy Affordable Housing
Zero subsidy affordable housing is possible, and variations of it work now in the real world. Anti-poverty impact investable housing through equity rather than debt is achieved by separating appreciation value from the utilization value of assets. Property rights can be fractured in service and support of stakeholder interest.
FAQ: How is this different from down payment assistance?
One is that it’s not just the down payment, it could be as much as 2/3rds of the value of the house, not 5% of the value of the house, or 10%. You can see some of the distinctions here- https://www.huduser.gov/portal/periodicals/em/fall12/highlight3.html.
FAQ: Why is this approach needed when there are other kinds of affordable housing?
Because there is not enough for families making middle-incomes.
FAQ: Why is this approach more efficient than other mechanisms for affordable housing?
Because by bringing equity sharing agreement to scale market-rate capital can subsidize affordability anywhere in which land constraints are significant barriers such as islands, bays and due to mountains. Pooled equity is 100 times more leveraged because market-rate capital becomes self-subsidizing of affordable home fractional ownership.
FAQ: How do impact investors get out liquid from such an investment structure?
Our goal is to create a long hold, holding company. Protects from the environment, insulated as liquidity is self-liquifying as holding company. Property rights in our culture of practice and law integrate many different rights together. These include the initial value for which an asset was purchased, the appreciation value of the asset over time, and the year-round use-value of the asset. This unity of property rights places vulnerable people between 40% of average annual income and 150% of average annual income in this region at risk of being unstably housed. This instability is due to having a too-large portion of their annual income paid to house expenses. Housing costs 2 to 3 times too much for these people to afford. Within that range of incomes, zero-subsidy affordable housing strategies can be of exceptional impact potential.
Zero Subsidy Affordable Housing Mortgage Review Volunteer
A self-liquidating structure through a publicly-traded hold co can address these challenges if combined with impact investing 30-70% of the appreciation value per home.
We are looking for an efficient Mortgage Loan Processor to process mortgage loan files and help clients submit complete applications. You will gather all necessary documentation and spot mistakes to ensure approval for the mortgage.
If you want to succeed as a mortgage loan processor, you should be highly detail-oriented. Customer service and communication skills are key since you’ll be the glue that binds all interested parties, from clients to underwriters. Mortgage loan processors should also have an aptitude in math and excellent time management skills.
- Perform a general evaluation of an application (financial documents, mortgage type, etc.)
- Help client choose the most appropriate mortgage
- Gather all important data from client (assets, debts, etc.)
- Verify information and references by contacting the right sources
- Correct mistakes and investigate inconsistencies
- Submit completed loan files for appraisal
- Act as point of contact between loan officers, underwriters and clients
- Conduct a final review of the file before closing
- Proven experience as a mortgage loan processor or similar position
- Knowledge of legislation and best practices
- Proficient in mortgage loan computer software (e.g. Calyx Point)
- Outstanding communication and customer service skills
- Excellent attention to detail
- Well-organized and able to handle the pressure
- Math skills
- High school diploma; bachelor’s will be preferred