Correspondent Loan Closer and Purchaser

JMAC Lending, Inc.; Costa Mesa (CA); Remote; USD 65,000 - 75,000; Full time

Job summary

A leading lending company is seeking a Correspondent Loan Closer and Purchaser for a Full-Time remote position. Responsibilities include preparing and reviewing closing documents, coordinating with various stakeholders, and ensuring compliance with regulations. Candidates must have 2-5 years of mortgage industry experience, including direct experience with correspondent lending. Competitive salary between $65,000-$75,000 annually along with comprehensive benefits.

Benefits

Competitive Base Salary with an attractive Bonus Plan

Comprehensive Health Care Plan

Life Insurance coverage

Generous Paid Time Off

Retirement Plan with a 401k contribution

Short Term & Long-Term Disability coverage

Family Leave options

Access to Wellness Resources

Qualifications

• 2-5 years of mortgage industry experience, with at least 1 year in loan closing or purchasing.
• Direct experience with correspondent lending required.
• Deep knowledge of mortgage documentation, compliance regulations, and investor guidelines.

Responsibilities

• Prepare, review, and finalize closing documents for correspondent loans.
• Coordinate directly with lenders and settlement agents for accurate closings.
• Review correspondent loan packages for compliance and completeness.

Skills

Attention to detail

Organizational skills

Clear communication

Education

High school diploma or equivalent

Associate's or bachelor's degree

Tools

Encompass

Empower

Microsoft Office Suite

Job description

JMAC Lending has thrived in the industry for over 25 years, providing exceptional service, innovative products, and unwavering support to our clients. At the heart of our culture and business philosophy is the commitment to surpassing the current market options, ensuring that we remain the top choice lender for our clients. Our dedicated associates possess distinguished credentials and actively engage in continuous education, balancing knowledge with valuable experience.

Our unwavering commitment to the highest ethical standards is the cornerstone of our company. With meticulous care, we efficiently execute the delivery of product pricing for wholesale and correspondent lending for our esteemed clients.

The Correspondent Loan Closer and Purchaser plays a pivotal role in overseeing the complete closing and purchasing process for correspondent mortgage loans. In this dynamic position, you will ensure that loans are finalized in line with regulatory standards, investor guidelines, and company policies. You’ll also be tasked with coordinating the review, purchase, and funding of correspondent loan files. This role demands a keen eye for detail, experience collaborating with correspondent lenders and due diligence firms, as well as the ability to juggle multiple loans while adhering to tight deadlines.

This is a Full-Time/Fully Remote opportunity offering competitive pay ranging from $65,000-$75,000 annually.

Key Responsibilities:

Loan Closing Duties

• Prepare, review, and finalize closing documents for correspondent loans in accordance with various programs and investor guidelines.
• Ensure all conditions, disclosures, and compliance requirements (TRID, RESPA, TILA, HMDA, etc.) are met before closing.
• Coordinate directly with correspondent lenders, title companies, escrow agents, and settlement agents to ensure timely and accurate closings.
• Balance closing disclosures and wire requests; verify accuracy of fees and funding amounts.
• Resolve closing discrepancies or last-minute issues to prevent funding delays.
• Maintain accurate records of all loan closing activities and documentation.

Loan Purchasing Duties

• Review correspondent loan packages submitted for purchase to ensure accuracy, completeness, and compliance with investor and company guidelines.
• When correspondent lenders do not use our fulfillment services, independently review their submitted document packages to validate compliance and completeness.
• Work closely with due diligence firms to support loan-level and portfolio-level reviews.
• Validate credit, income, asset, collateral, and compliance documentation against investor requirements.
• Identify and clear deficiencies in loan packages by working directly with correspondent lenders.
• Communicate purchase conditions and coordinate resolution prior to funding.
• Prepare compliant loan files for delivery to secondary market investors, agencies, or aggregators.
• Ensure timely purchase/funding of correspondent loans to meet pipeline and lock requirements.

• High school diploma or equivalent required; associate’s or bachelor’s degree preferred.
• 2–5 years of mortgage industry experience, with at least 1 year in loan closing or purchasing.
• Direct experience with correspondent lending required.
• Experience working with due diligence firms strongly preferred.
• Deep knowledge of mortgage documentation, compliance regulations, and investor guidelines.
• Familiarity with TRID/CD preparation, loan salability, and secondary market practices.
• Proficiency with LOS systems (e.g., Encompass, Empower) and Microsoft Office Suite.
• Strong organizational skills, with the ability to manage multiple loans under strict deadlines.
• Clear, professional communication skills to collaborate effectively with lenders and external partners.

Perks with JMAC Lending:

• Competitive Base Salary with an attractive Bonus Plan
• Comprehensive Health Care Plan, offering Medical, Dental & Vision coverage
• Life Insurance coverage, including Basic, Voluntary & AD&D options
• Generous Paid Time Off, including Vacation & Holidays
• Retirement Plan with a 401k contribution
• Short Term & Long-Term Disability coverage
• Family Leave options for a healthy work-life balance
• Access to Wellness Resources to promote your wellbeing

About JMAC Lending

JMAC Lending, Inc. is an Equal Employment Employer. We are committed to workforce diversity. Qualified applicants will receive consideration without regards to age, race, religion, sex, sexual orientation, gender identity or national origin.

DISCLAIMER: JMAC Lending is an evolving company. As such this job description is not necessarily an exhaustive list of all responsibilities, duties, skills, efforts, requirements or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed as assigned.