Purchase Clearing Specialist

Plains Commerce Bank; Sioux Falls (SD); On-site; USD 50,000 - 70,000; Full time

Job summary

Plains Commerce Bank seeks a detail-oriented professional to facilitate the sale of mortgage loans to the secondary market and assist with regulatory reporting. The role requires strong confidentiality, customer service, and the ability to manage multiple tasks under pressure.

Responsibilities include documenting investor conditions, clearing deficiencies, building investor relations, and understanding the complete mortgage process.

Qualifications

• High School diploma or GED required; post-secondary education helpful.
• Strong customer service mindset and professional appearance.
• Detail-oriented and able to manage multiple tasks under pressure.
• Proficient with general PC use, internet, and typing.
• Familiarity with loan documentation is helpful but not mandatory.
• Able to assist customers and colleagues professionally.
• Trustworthy with confidential information.

Responsibilities

• Identify, translate, and document investor conditions of mortgage deficiencies.
• Clear deficiencies so investor will purchase mortgage.
• Build relationships with investor representatives.
• Understand the mortgage process from applications to disclosures.
• Communicate clearly, both written and spoken.
• Manage pipeline and time efficiently.

Skills

Customer service

Attention to detail

Multi-tasking

Professional appearance

General PC knowledge

Dependable

Confidentiality

Education

High School or GED

Tools

Banking software

Job description

Position Purpose:

Facilitate the sale of mortgage loans to the secondary market and assist with the Bank’s regulatory reporting process.

Position Purpose:

Facilitate the sale of mortgage loans to the secondary market and assist with the Bank’s regulatory reporting process.

Qualities of a successful candidate include:

• High School diploma or general education degree (GED) is required. Post-secondary education is helpful. Prior accounting, secretarial and/or bank lending experience is helpful
• Must be a mature, responsible individual with a professional appearance, be dependable, and take pride in their work
• Attention to detail is a must in this position
• General PC knowledge, including the internet, is required, accurate typing capabilities, and ability to learn various computer software programs
• Familiarity with loan documentation requirements is helpful; however, detailed knowledge is not a mandatory prerequisite
• Must enjoy assisting customers and fellow employees
• Must be able to multi-task and work under stress and pressure
• Must be trustworthy and maintain a high level of confidentiality

Responsibilities of this position include (but not limited to):

• Identify, translate, and document investor conditions of mortgage deficiencies
• Clear deficiencies sot that investor will purchase mortgage
• Build relationships with investor representatives
• Understand the entire mortgage process (applications, documentation, disclosures)
• Ability to work professionally both inside and outside the bank
• Clear written and spoken communication is a necessity
• Pipeline management/time management is a key component to success

We offer a competitive benefits package that includes Medical, Dental and Vision; FSA or Dependent Care; Supplemental Accident, Hospital, or Critical Illness Plans; Employer paid Life Insurance, Short Term Disability, and Long-Term Disability; and Additional Voluntary Life Insurance Options. Paid Vacation, Sick and Volunteer leave; 401K and Profit Sharing.

Compensation for positions is based on the specific position and may be paid in the form of an hourly wage, overtime, a semi-monthly salary, commissions, or a combination of them. Depending on the specific position, some may be paid solely on commissions or others may include a bonus structure. As part of our employee benefits package, we offer exclusive perks such as discounted rates on banking and mortgage services, fee waivers, and access to special financial products. These benefits are designed to support your financial well-being as a valued member of our team.

Plains Commerce Bank is an Affiantive Action/Equal Opportunity Employer committed to providing equal employment opportunity without regard to an individual’s race, religion, color, gender, national origin, ancestry, age, sexual orientation, disability, or veteran status.