Loan Purchase Coordinator I

Pennsylvania Housing Finance Agency; Harrisburg (Dauphin County); On-site; USD 38,000 - 52,000; Full time

Job summary

Pennsylvania Housing Finance Agency seeks an entry-level professional to review loan files from participating lenders and determine purchasability. The role includes identifying missing items, issuing notices, and keeping lenders informed through email and calls.

On-site at the Harrisburg, PA office, you will learn program guidelines and complete daily and weekly reports, gaining experience under supervision while contributing to the efficient handling of loan purchases.

Qualifications

• Associate of Science with 1–3 years of relevant professional experience.
• Ability to work at PHFA office in Harrisburg, PA.
• Strong attention to detail and follow-through.

Responsibilities

• Review loan files submitted electronically from a network of participating lenders to determine if the loan can be purchased.
• Identify missing, incomplete or inaccurate items using the purchase checklist, program guidelines and internal policies.
• Produce letters: Ineligible, Post Purchase and Conditional notices to identify outstanding items; lenders use this to clear conditions.
• Learn requirements for setting up and maintaining warehouse lender information and when a Bailee Agreement is required.
• Collaborate with other units to resolve purchase edit issues.
• Review loan purchase mail submitted via the electronic document system and update or clear the file.
• Compile and process the daily edit for Accounting and Loan Servicing; review edit for accuracy.
• Process the weekly Trustee Report and supporting documentation; final review of notes and mortgage assignment.
• Understand the documents for loans placed in GNMA and FNMA pools.
• Work with lenders to clarify issues and resolve outstanding problems via email and calls.
• Communicate with lenders and other partners on lender or loan level details.
• Communicate repetitive lender issues with Business Development.
• Entry-level professional learns to resolve problems under close supervision on routine assignments.
• Employee will work at the Harrisburg, PA office during scheduled business hours.

Education

Associate of Science, Relevant professional experience (1-3 years)

Job description

Pennsylvania Housing Finance Agency seeks an entry-level professional to review loan files from participating lenders and determine purchasability. The role includes identifying missing items, issuing notices, and keeping lenders informed through email and calls.

On-site at the Harrisburg, PA office, you will learn program guidelines and complete daily and weekly reports, gaining experience under supervision while contributing to the efficient handling of loan purchases.