Correspondent Loan Closer and Purchaser

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

Job summary

A leading mortgage lender in California is seeking a Correspondent Loan Closer and Purchaser. In this full-time, fully remote position, you will oversee closing processes to ensure compliance with industry standards, coordinate with various stakeholders, and validate loan packages for purchase. The ideal candidate will have 2-5 years of mortgage industry experience and direct experience with correspondent lending. Competitive compensation ranges from $65,000-$75,000 annually, with comprehensive benefits including health care and retirement plans.

Benefits

Competitive Base Salary with Bonus Plan

Comprehensive Health Care Plan

Retirement Plan with 401k

Generous Paid Time Off

Qualifications

• 2-5 years of mortgage industry experience, with at least 1 year in loan closing or purchasing.
• Direct experience with correspondent lending required.
• Familiarity with TRID/CD preparation, loan salability, and secondary market practices.

Responsibilities

• Prepare and finalize closing documents for correspondent loans.
• Ensure compliance with TRID, RESPA, TILA, HMDA regulations.
• Coordinate with lenders and agents for timely closings.

Skills

Mortgage documentation

Compliance regulations

Organizational skills

Clear communication

Education

High school diploma or equivalent

Associate's or bachelor's degree

Tools

Encompass

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:

• 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

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

Benefits:

• 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

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.