What are the responsibilities and job description for the Post Closer position at Fay Financial?
Founded in early 2008, Fay Servicing is committed to providing innovative servicing solutions for both performing and non-performing mortgage loans. As a specialty mortgage servicer who sees the customer behind every loan, we understand that our customers aren’t loan numbers — they’re homeowners.
Before founding our company, we conducted an exhaustive analysis of the mortgage servicing industry and gained valuable insight into the problems facing mortgage servicers and their customers. With that insight, we set out to build a different kind of servicing company from the ground up.
Come join us on our journey to serve our customers and be the leader in our industry! We are currently looking for a Post Closer to join our team!
- Scan and upload closing packages received from title companies
- Deliver collateral to the warehouse bank
- Ensures that all closed loans are in compliance with federal, and state laws and meet company policies and investor guidelines
- Reviews all closed loans for accuracy and completeness and delivers complete documentation to the investor
- Assist in effectively communicating with investors to satisfy all post-closing and purchase-purchase audit discrepancies
- Verifies that all stipulations requested are valid and met to ensure that loans are saleable/purchased
- Communicate any discrepancies found within a closed loan file and coordinate solutions to resolve
- Monitors pipeline views to ensure timely completion of assigned tasks
- Develop preventative strategies to minimize errors in the delivery of loans to all investors and insurers
- Receive trailing documents, ensure they are in compliance, and deliver to the investor within the required time frames
- Satisfy all internal and external audit requests within the required timeframes
- Effect required transfers to investors for PMI, insurance, and MERS Prepare loan boarding tapes for service retained loans
- Deliver closer loan packages to the servicing system based on investor specifications
What you will bring to Fay:
- High school diploma/GED required; College degree preferred
- Encompass loan origination system experience
- Thorough understanding of mortgage lending guidelines, laws, regulations
- Experience with service released and service retained loan level audits and delivery
- Retail and wholesale experience
- 2 years of experience in investor delivery
- 2 years of experience in reviewing FHA documentation and completing LI insuring processing Strong organizational skills
- Ability to manage workflow effectively
- Works independently and prioritizes multiple functions while meeting pre-established deadlines
Equity and Inclusion are embedded into our way of working at Fay. We believe that the best ideas come from having a team that is diverse in backgrounds, experiences, and perspectives. We strive to ensure each of our employees feels valued, respected and included and is presented with equal opportunities to be successful here at Fay. We are proud to be an equal-opportunity workplace. The Fay Group and affiliated companies participate in E-Verify. For more information go to www.dhs.gov/E-Verify. E-Verify is a registered trademark of the U.S. Department of Homeland Security.
