Hybrid Mortgage Correspondent Purchaser

Now Hiring: Correspondent Loan Purchaser
Salary Range: $65,000 – $75,000

Our client is actively seeking a Correspondent Purchaser to join their team. This critical role involves reviewing and purchasing closed loans from correspondent lenders while ensuring compliance with company policies and investor guidelines. The ideal candidate will collaborate across departments to evaluate loan quality, clear conditions, and manage the loan purchase process from start to finish.

Please note: experience with Non-QM loans is a hard requirement for this position.

Key Responsibilities:

• Review and audit closed mortgage loans for purchase.

• Identify and resolve outstanding conditions prior to funding.

• Work with internal teams to obtain missing documentation and clear purchase conditions.

• Ensure all loan documentation is compliant with company policy and applicable regulations.

• Maintain strict confidentiality of correspondent seller information.

• Enter and manage loan data in internal systems and address post-closing issues.

• Stay informed on regulatory updates affecting the closing and purchase process.

• Resolve discrepancies in coordination with Accounting and Post-Closing departments.

• Provide additional departmental support as needed.

• Perform other related duties as assigned.

Qualifications:

• High school diploma required; college degree preferred.

• Minimum of 2 years of experience in a similar role within the mortgage industry.

• Must have hands-on experience with Non-QM loans.

• Experience with Encompass is preferred.

• Strong understanding of federal mortgage regulations.

• Excellent organizational, time management, and customer service skills.

• Ability to handle multiple priorities and meet deadlines in a fast-paced environment.

• Flexible and adaptable to change.

• Willingness to work overtime when needed.

Salary : $65,000 - $75,000