Purchasing Officer I

PHFA Pennsylvania Housing Finance Agency; Harrisburg (Dauphin County); On-site; USD 45,000 - 60,000; Full time

Job summary

PHFA Pennsylvania Housing Finance Agency in Harrisburg, PA is seeking an Associate Loan Analyst to learn and apply professional concepts to resolve problems of limited scope under close supervision, while supporting daily objectives in loan purchasing processes. You will review loan files from network lenders, identify missing items, and coordinate follow-ups to clear conditions.

The role emphasizes understanding GNMA and FNMA pool requirements and communicating with lenders to resolve issues as

Qualifications

• Associate of Science degree and 1-3 years of relevant professional experience.

Responsibilities

• Review loan files to determine eligibility for purchase.
• Identify missing, incomplete, or inaccurate items using program guidelines and procedures.
• Coordinate follow-up on loans until all conditions are cleared.
• Learn and understand warehouse lender information setup and Bailee Agreements.
• Review the daily edit for Accounting and Loan Servicing and ensure accuracy.

Education

Associate of Science degree

Job description

Job Overview

It's fun to work in a company where people truly BELIEVE in what they're doing! We're committed to bringing passion and customer focus to the business.

Employee will be required to work at the physical location of Harrisburg, Pa office during scheduled business hours.

Role learns to use professional concepts to resolve problems of limited scope and complexity under close supervision while achieving day-to-day objectives. Works on developmental assignments that are initially routine in nature, requiring limited judgment and decision making. This level is typically focused on self-development and requires theoretical knowledge through specific education and training.

Key Responsibilities

• Review loan files submitted electronically from a network of participating lenders to determine whether the loan can be purchased.
• Identify missing, incomplete or inaccurate items using the purchase checklist, program guidelines and internal policies and procedures.
• Produce Ineligible, Post Purchase and Conditional notices to identify outstanding items.
• Coordinate additional follow-up on loans until all conditions are cleared.
• Learn and understand the requirements for setting up and maintaining warehouse lender information and for Bailee Agreements.
• Work with other units or departments to resolve purchase edit issues.
• Review loan purchase mail submitted via the electronic document system and update and/or clear the file accordingly.
• Compile and process the daily edit for the Accounting and Loan Servicing Division when assigned.
• Review the information on the edit for accuracy.
• Process the weekly Trustee Report and all backup documentation when assigned, including a final review of the notes and assignment of mortgage on applicable program types.
• Understand the requirements of documents for loans placed in GNMA and FNMA pools.
• Work with lenders to clarify issues and resolve outstanding problems through email and calls.
• Communicate with the lender and other partners on lender or loan level details and communicate repetitive problem lender issues with Business Development.

Qualifications

Associate of Science degree and 1-3 years of relevant professional experience.

EEO Statement

As an employer, PHFA is committed to having a workforce that is diverse and reflects the residents that it serves. We strive to maintain a workplace where all employees and applicants for employment receive equal opportunities in all aspects of employment. There are numerous policies in place at PHFA to help us honor this commitment.

The Pennsylvania Housing Finance Agency is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to age, disability, family status, gender, national origin, political affiliation, race or religion.

Diversity Statement

PHFA values, honors and commits to the equitable treatment and elimination of discrimination in all forms. We are committed to the diversity of all staff, and in all programs and services offered.