Correspondent Purchase Specialist

Freddie Mac; United States; Remote; USD 60,000 - 90,000; Full time

Job summary

A leading company in the lending sector is seeking a Correspondent Purchase Specialist to join their team remotely. This role involves reviewing loan documents, ensuring compliance with regulations, and communicating with partners to optimize the lending process. Ideal candidates will have a strong attention to detail and substantial experience in closing and funding.

Benefits

Competitive compensation plan

401k and full medical, dental, vision

Qualifications

• Minimum of two years' experience in Closing and Funding.
• Must have knowledge of federal, state, and local laws.
• Competent in servicing transfers.

Responsibilities

• Review fees Closing Disclosure and signed loan documents.
• Oversee a pipeline of loans to ensure timely purchase.
• Communicate with internal and external partners.

Skills

Attention to Detail

Written Communication

Verbal Communication

Knowledge of Laws and Regulations

Tools

Microsoft Word

Microsoft Excel

Microsoft Outlook

Job description

Job Type

Full-time

Description

Position: Correspondent Purchase Specialist

Location: Remote

About Newfi Lending

Founded in 2014 and headquartered in Emeryville, CA, Newfi Lending is owned by Apollo Global Management, one of the largest private-equity firms in the world. As one of the largest non-QM lenders in the industry, we are passionate about offering innovative lending solutions to borrowers nationwide. Our proprietary loan programs and common-sense exceptions offer greater opportunities to qualify self-employed borrowers, real estate investors, or borrowers needing ways to access their home equity in our Wholesale, Correspondent, and Consumer Direct channels. We are looking for forward-thinking and dynamic professionals to be a part of Newfi's story...apply today to join our team!

Description

Newfi Lending is hiring a REMOTE Correspondent Purchase Specialist

Primary Responsibilities:

• Review fees Closing Disclosure to ensure impounds, buydowns and credits all meet specific loan file requirements
• Review signed loan documents to ensure all required docs were included and executed properly
• Add conditions as needed based on loan document review
• Work with the Correspondent account team on outstanding items prior to sending updated purchase advice
• Oversee a pipeline of loans to ensure loans are purchased within SLA
• Work with the Client's Capital Markets and/or Post Closing Team as well as Newfi's internal team
• Perfect closing documents and data in loan origination system in preparation for purchase
• Communicate with internal and external partners

Requirements

Requirements:

• Minimum of three (2) years' experience in the Closing and Funding
• Knowledge of applicable federal, state, and local laws, rules, and regulations in order to ensure compliance as well as extensive knowledge of recent TRID regulations
• Excellent attention to detail and the ability to maintain a high level of confidentiality
• Clear and concise written and verbal communication is needed
• Must be competent in servicing transfers
• Knowledge of computer programs such as Microsoft Word, Excel, and Outlook is required
• Knowledge of lending guidelines for multiple states is a plus

Benefits:

• Competitive comp plan with salary
• 401k and full medical, dental, vision
• Leadership at your fingertips

Newfi Lending is an Equal Opportunity Employer. We respect and aim to empower individuals and support the diverse cultures, perspectives, skills and experiences within our workforce.

Visit us at www.newfi.com or www.newfiwholesale.com

Disclaimer:

The above statements are intended to describe the general nature and level of work being performed by persons assigned to this position. They are not intended to be an exhaustive list of all associated responsibilities, skills, efforts, or working conditions. The Company reserves the right to change, amend, add, delete, and otherwise assign any and all duties, responsibilities, and position titles, as it deems necessary to meet the needs of the business.

#LI-REMOTE