Correspondent Purchase Review Specialist II

Truist; Wilson (NC); On-site; USD 50,000 - 60,000; Full time

Benefits offered by this job

Health benefits

Job summary

The Truist Mortgage Review team is seeking an experienced professional to assess non-delegated, specialty, and complex closed loan packages for purchase eligibility.

You will verify documents, clear settlement conditions, ensure HMDA audits, and communicate loan defects with clear stipulations while acting as SME for training and escalation.

Qualifications

• 3+ years of experience in Mortgage in a similar or transferable role.
• Ability to work independently with strong attention to detail.
• Strong written and verbal communication skills.
• Working knowledge of mortgage loan documents.

Responsibilities

• Review non-delegated, specialty or complex closed loan packages for key documents.
• Review data points to determine acceptability for purchase.
• Clear HMDA settlement conditions and ensure audit is complete.
• Enter, validate, and correct information in Lending Space.
• Communicate loan defects with clear stipulations.
• Maintain Production, Quality and Service Level Standards.
• Serve as Subject Matter Expert and assist with training.
• Escalate appropriately when applicable.
• Ensure required checklists and LVDC are uploaded per policy.

Skills

Mortgage documents knowledge

Attention to detail

Independent work

Communication skills

Verbal and written communication

Education

Bachelor's Degree or equivalent

Tools

Lending Space

Compliance Ease

MERS

Job description

Need Help?

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Regular or Temporary

Regular

Language Fluency

English (Required)

Work Shift

1st shift (United States of America)

Review Non Delegated, Specialty, and Complex Closed Loan Files to Determine Compliance

Review non delegated, specialty, and complex closed loan files to determine if they meet regulatory and investor requirements for purchase. Knowledge of closing documents, Settlement conditions, loan disclosures, compliance timelines, fees and other mortgage documents required on a complex closed mortgage loan. Ability to identify deficiencies in the loan documentation and pend appropriately. Serve as Trainee mentor and or SME when needed. Attention to detail is critical for this position.

Essential Duties And Responsibilities

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

• Review non-delegated, specialty or complex closed loan packages for key documents. Ability to review multiple different products and review checklist including Full Review and or Non Delegated Reviews.
• Review key data points and documents within the loan package to determine if the loan is acceptable for purchase.
• Clear underwriting settlement conditions and ensure HMDA audit is completed prior to moving file. Interact with underwriting as needed to ensure loan purchased meets underwriting criteria.
• Complete compliance testing of key data elements.
• Enter, validate, and correct information in Lending Space to ensure data integrity.
• Communicate loan defects in clear and concise stipulations.
• Maintain Production , Quality and Service Level Standards set by Manager and Review Type
• Serve as Subject Matter Expert (SME) and assist with training and escalation of junior level reviewers.
• Ensure loan is escalated appropriately to escalation points if applicable.
• Ensure work product i.e. checklists and LVDC are uploaded according to policy

Qualifications

Required Qualifications

• 3+ years of experience in a similar or transferable role within Mortgage.
• Ability to work independently.
• Strong attention to detail.
• Strong written and verbal communication skills.
• Working Knowledge of mortgage loan documents.

Preferred Qualifications

• Bachelor's Degree or equivalent education and related training
• 3+ years of experience in lending or finance, preferably in mortgage originations
• Processing or junior Underwriting experience.
• Demonstrated proficiency in one or more of the following: Lending Space, Compliance Ease, and MERS

The annual base salary for this position is $50,000 - $60,000.

Other Job Requirements / Working Conditions

Sitting/Standing/Walking/Bending/Lifting

• Sitting (if checked, indicate frequency)
• Constantly (More than 50% of the time)
• Standing (if checked, indicate frequency)
• Walking (if checked, indicate frequency)
• Bending (if checked, indicate frequency)
• Lifting (if checked, pounds)
• Visual / Audio / Speaking
• Manual Dexterity / Keyboarding
• Availability
• Travel (Must select one)
• Minimal and up to 10%

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace. EEO is the Law E-Verify IER Right to Work