[Hiring] Correspondent Purchaser @Acra Lending
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Correspondent Purchaser @Acra Lending
All Others
Salary unspecified
Remote Location
πŸ‡ΊπŸ‡Έ USA Only
Employment Type full-time
Posted 1wk ago

[Hiring] Correspondent Purchaser @Acra Lending

1wk ago - Acra Lending is hiring a remote Correspondent Purchaser. πŸ’Έ Salary: unspecified πŸ“Location: USA

Role Description

We are looking for candidates to join our team who are passionate about their vocation, committed to making a contribution, and are looking to gain experience in order to grow in their career.

Summary:

  • Assist in managing correspondent client (β€œSeller”) relationships.
  • Analyze and compile data related to seller loan purchasing transactions with Acra Lending.
  • Responsible for purchasing closed loans in a timely manner in accordance with company and investor requirements.
  • Perform all duties in accordance with the company’s policies and procedures, all US state and federal laws and regulations.

Essential Duties and Responsibilities:

  • Consistently complete/audit files review conditions and verifies loan closing package for accuracy and completeness.
  • 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.
  • Ensure all required documentation for Collateral Package is satisfactory prior to purchase.
  • Work with appropriate parties to clear any outstanding conditions prior to loan purchase.
  • Facilitate and task internal QC for closing loan compliance review.
  • Review signed loan documents for compliance with federal, state, and local law and company policies and procedures.
  • Review and approve CD settlement statement from closing agent.
  • Verify and prepare wire transfer instructions.
  • 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.
  • Prepare and retrieve approved purchase advice for 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 affect the closing process.
  • Resolve loan purchase discrepancies with the Accounting Department and Shipping Department.
  • Assist departmental sales partners, support staff, and management when necessary.
  • Perform other related duties as assigned.

Qualifications

  • Knowledge of mortgage industry and loan documents.
  • Knowledge of RESPA, TILA, MDIA requirements.
  • Demonstrate thorough knowledge of all aspects of mortgage loan closing.
  • Knowledge of underwriting procedures, creditor financial analysis techniques, investor requirements, and escrow/title practices.
  • Required to be on camera for all team and colleague interactions.
  • Superior customer service skills, responsive to client issues and concerns.
  • Extremely high level of organizational skills and ability to work on several tasks simultaneously.
  • Strong mathematical, verbal & written communication skills.
  • Strong computer skills (i.e., Microsoft Office suite; Word, Excel, Outlook, etc.).
  • Ability to communicate effectively both verbally and in writing.
  • Ability to organize and prioritize workload and meet deadlines.
  • Must be a team player and work constructively with fellow employees, sales partners, and management team.

Requirements

  • High School graduate or equivalent.
  • Three (3) to five (5) years purchasing closed Correspondent and/or Funding experience.
  • Knowledge of TRID, RESPA, TILA, and Compliance document review experience.
  • Computer literate with experience using Microsoft Applications (Word, Excel) with mortgage industry standard.
  • Ability to compile and analyze data.
  • Experience working in a paperless environment.
  • Knowledge of DocMagic and other document vendors experience a plus.
  • Document drawing experience a plus.

Benefits

  • Medical, dental, vision, wellness programs.
  • EAP counseling services.
  • FSA & HSA.
  • Company sponsored life insurance for employee.
  • Voluntary life insurance for employee, spouse, and child.
  • AD&D Insurance.
  • Voluntary short-term and long-term disability.
  • Critical illness insurance.
  • Accident insurance.
  • Legal assistance.
  • Pet insurance.
  • Living will and trust preparation discounts.
  • Commuter program.
  • Annual walking challenge.
  • Employee appreciation events and monthly sales awards.
Before You Apply
️
πŸ‡ΊπŸ‡Έ Be aware of the location restriction for this remote position: USA Only
β€Ό Beware of scams! When applying for jobs, you should NEVER have to pay anything. Learn more.
Back to Remote jobs   >   All Others   >   purchaser
Correspondent Purchaser @Acra Lending
All Others
Salary unspecified
Remote Location
πŸ‡ΊπŸ‡Έ USA Only
Employment Type full-time
Posted 1wk ago
Apply for this position
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️
πŸ‡ΊπŸ‡Έ Be aware of the location restriction for this remote position: USA Only
β€Ό Beware of scams! When applying for jobs, you should NEVER have to pay anything. Learn more.
Apply for this position
Did not apply βœ“
Applied βœ“
Sent Follow-Up βœ“
Interview Scheduled βœ“
Interview Completed βœ“
Offer Accepted βœ“
Offer Declined βœ“
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