Position: Remote Correspondent Purchaser

Salary: $80k-90k- DOE

Your Role: As a Correspondent Purchaser, you will be responsible for reviewing and purchasing
closed loans from correspondent lenders, ensuring compliance with company guidelines and
investor requirements. The position will collaborate with internal teams to evaluate loan quality,
resolve issues, and manage the loan purchase process from start to finish. This role will perform
all duties in accordance with company policies, as well as state and federal regulations.
Responsibilities:

• Consistently complete/audit four (4) files per day, plus review conditions
• Ensure all tasks are completed within the associated SLA.
• Receive and review any outstanding purchasing conditions prior to purchase.
• Complete a closed loan review to ensure documents were executed correctly.
• Ensure all prior-to-purchase conditions have been met and set file up for purchasing.
• Confirm all required documentation for the Collateral Package is satisfactory prior to purchase.
• Follow up on requested documentation from Loan Delivery.
• Works with appropriate parties to clear any outstanding conditions prior to loan purchase.
• Assess signed loan documents for compliance with federal, state and local law and company policies and procedures.
• Verify loan amount, all fees, rates, discount points, broker rebates and other loan amounts.
• Review signed loan documents for correct signatures, notary information, title reports and escrow instructions.
• Maintain highly confidential information concerning correspondent sellers.
• Input loan information into the loan system(s).
• Follow up with any post-closing issues that may arise.
• Maintain a thorough working knowledge of company and regulatory changes that effect the closing process.
• Resolve loan purchase discrepancies with the Accounting and Post Closing Departments.
• Assist with departmental support staff when necessary.
• Perform other related duties as assigned.

Qualifications:
● Experience reviewing collateral packages prior to purchase.
● Minimum two years’ experience in a similar role within the mortgage industry.
● Underwriting experience preferred.
● Encompass experience preferred.
● Knowledge of Non-QM underwriting guidelines and federal regulations.
● Excellent customer service, organizational and time management skills.
● Ability to prioritize multiple competing tasks and meet deadlines.
● Must be flexible and adaptable to change.
● Overtime may be required.

 

NOTE: The above description is intended to describe the general nature and level of work to be performed. It is not intended to be
an exhaustive list of all responsibilities of the position

Thank you for your interest! 

If your background aligns with our clients needs, one of our Recruiters will reach out. Please Check your spam folder and voicemail for messages from our recruiters.

Unfortunately due to high volumes of applicants, we may not be able  to respond to those who are not a fit.  If you do not hear from us regarding this application, please know we do appreciate your interest and encourage you to continue to keep an eye on our website for new opportunities.