Correspondent Purchaser

Luxury Mortgage Consumer Direct; United States; Remote; USD 65,000 - 75,000; Full time

Job summary

A leading mortgage company is seeking a Correspondent Purchaser to manage the auditing and purchasing of closed loans. This full-time position involves collaboration with internal teams and requires exceptional organizational skills. Candidates should be detail-oriented and possess a solid understanding of underwriting guidelines.

Benefits

Flexible work environment

Paid vacation, sick, and personal days

Medical, dental & vision plans

401k with employer matching

Short- and long-term disability plans

Pet Insurance options

PTO/parental leave

Free financial counseling

Casual dress code

Qualifications

• Two years’ experience in mortgage industry required.
• Knowledge of Non-QM underwriting guidelines.
• Flexibility and adaptability to change essential.

Responsibilities

• Review and audit closed mortgage loans for purchase.
• Ensure compliance with company guidelines.
• Resolve conditions prior to purchase.

Skills

Organizational skills

Customer service

Time management

Education

High school diploma

College degree

Tools

Encompass

Job description

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Luxury Mortgage Consumer Direct provided pay range

This range is provided by Luxury Mortgage Consumer Direct. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$65,000.00/yr - $75,000.00/yr

Job Title: Correspondent Purchaser

FLSA Status: Non-Exempt

Reports To: Correspondent Purchasing Manager

Location: Remote

Are you interested in furthering your career in the mortgage industry? Are you a detail-driven

professional with exceptional organizational skills? Do you thrive in a fast-paced environment,

managing multiple tasks and meeting tight deadlines? Would you enjoy auditing loans, solving

complex problems, and ensuring accuracy? If so, we want you to join our team as a full-time

Correspondent Purchaser at Luxury Mortgage Corp. (LMC)!

About Us: At LMC, we are more than just a mortgage banker—we are a thriving, innovative, and

diverse company with a strong presence across 35 states. Headquartered in Stamford, (CT), with

an additional office in Irvine, (CA), we have been setting the standard in the mortgage industry

since 1996. We are dedicated to growing our team with professionals who share our passion for

excellence.

Your Role: As a Correspondent Purchaser, you will be responsible for reviewing and purchasing

closed loans from correspondent lenders, ensuring compliance with company guidelines and

investor requirements. The position will collaborate with internal teams to evaluate loan quality,

resolve issues, and manage the loan purchase process from start to finish. This role will perform

all duties in accordance with company policies, as well as state and federal regulations.

Responsibilities:

• Review/audit closed mortgage loans for purchase.
• Resolve conditions prior to purchase.
• Follow up on missing documentation and work with relevant teams to clear conditions.
• Ensure loan documents comply with applicable laws and company policies.
• Maintain confidentiality of correspondent seller information.
• Enter loan details into the system and address post-closing issues.
• Stay updated on regulatory changes affecting the closing process.
• Resolve discrepancies with the Accounting and Post-Closing departments.
• Provide support to the department as needed.
• Perform other related duties as assigned.
  
  
  

Qualifications:

• High school diploma required college degree preferred.
• Minimum two years’ experience in a similar role within the mortgage industry.
• Encompass experience preferred.
• Knowledge of Non-QM underwriting guidelines and federal regulations.
• Excellent customer service, organizational and time management skills.
• Ability to prioritize multiple competing tasks and meet deadlines.
• Must be flexible and adaptable to change.
• Overtime may be required.
• Proximity to Stamford (CT) or Irvine (CA) for occasional travel to the office preferred
  
  
  

PERKS And BENEFITS

At LMC we believe our employees are our greatest asset. We know that happy employees are

productive employees, which is why we offer a comprehensive benefits package and perks

including:

• A flexible work environment offering remote and hybrid opportunities
• Paid vacation, sick and personal days
• Medical, dental & vision plans
• 401k with employer matching contribution
• Short- and long-term disability plans
• Voluntary Life & AD&D insurance
• Pet Insurance options
• Healthcare, Dependent Care and Transit FSA
• PTO/parental leave
• Free parking when onsite
• Casual dress code when in office (Dress for Your Day)
• Free financial counseling, health coaching and employee assistance program
  
  
  

We are building a diverse and inclusive workforce where we provide equal opportunities to all

employees and applicants for employment without regard to race, religion, color, age, sex, national

origin, sexual orientation, gender identity, genetic disposition, disability, veteran status or any other

protected category under federal, state or local law.

The salary range for this role is $65,00.00 to $75,000.00. Salary offered may vary based on

factors, including, but not limited to, the successful candidate’s relevant knowledge, skills,

experience and location.

NOTE: The above description is intended to describe the general nature and level of work to be performed. It is not intended to be

an exhaustive list of all responsibilities of the position

Seniority level

• Seniority level

  Entry level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Purchasing and Supply Chain

• Industries

  Banking

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