Post Closing Specialist

Job Details

Job Location

Corporate Office - Ft. Lauderdale, FL

Description

The Post-Closer is responsible for coordinating the resolution of conditions identified by the investor during purchase review to enable the loans to be purchased in a timely manner. To resolve conditions, the post-closer is expected to research the loan file, clarify any ambiguity or potential concerns with the investor, determine alternative solutions, work with clients, partner with the appropriate departments to obtain additional or corrected documentation, and request investor exceptions as needed to clear loans for purchase in a timely manner. The Post-Closer uses Investor sites and the LOS system to obtain daily suspense reports, upload documentation to the Investor for curing and purchasing of loans, monitor daily workload, document and provide updates on all conditioned loans in the Post Closers pipeline. Additional responsibilities may be added.

Qualifications

Job Responsibilities :

• Pull daily Suspense reports from Investors sites to identify loans that have been suspended for purchased
• Log notification of suspense information in the system documenting the date of the first condition issued on the loan daily upon receipt of the suspense condition and the suspense(s) cure by date.
• Reviews and obtains Clarity from the Investor when needed to determine the suspense item and what the Investor is looking for to cure the defect.
• Reviews the closed loan file to determine if suspense item(s) are already in the loan file and submit to the Investor for review and curing of suspense or notify and work with internal and external departments and the clients to obtain needed documentation to cure suspense items timely.
• Log documentation received and upload all suspense documentation received promptly to Investor sites for review and purchasing of the loans.
• Monitor daily condition reports from the investor for updates on suspended loans or new conditions as received
• Notify management when necessary on any issues of scalability at an investor
• Monitor time of loans on the warehouse lines and advise Post Closing Manager of those at potential risk for curtailment from the warehouse.
• Monitor a pipeline to ensure all loans shipped are either conditioned or purchased in a timely matter
• Have a strong understanding of Agency and Investor guidelines and overlays
• Provide updates on the status of assigned loans with Investors to Management
• Meet monthly purchased loan goals as determined by management
• Avoid suspense fees incurring on loans be meeting Investor guidelines
• Prepare and provide Post Consummation Closing Disclosures and refund checks as needed following regulatory guidelines.
• Other duties as assigned

Qualifications :

This job description is intended to convey information essential to understanding the scope of the job and the general nature and level of work performed by job holders within this job. However, this job description is not intended to be an exhaustive list of qualifications, skills, efforts, duties, responsibilities or working conditions associated with the position

Job Type : Full-time

Salary : $35,000.00 to $75,000.00 / year

Salary : $35,000 - $75,000