CL Purchase Reviewer
Posted on: 14 Mar 2021
Wilson, NC
Job Description
Regular or Temporary:
Regular
Language Fluency: English (Required)
Work Shift:
1st shift (United States of America)
Please review the following job description:
Review closed loan files to determine if they meet regulatory and investor requirements for purchase. Knowledge of closing documents, loan disclosures, compliance timelines, fees and other mortgage documents required on a closed mortgage loan. Ability to identify deficiencies in the loan documentation and pend appropriately. Attention to detail is critical for this position.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
1. Review closed loan packages for key documents.
2. Review key data points and documents within the loan package to determine if the loan is acceptable for purchase.
3. Complete compliance testing of key data elements.
4. Enter, validate, and correct information in Lending Space to ensure data integrity.
5. Communicate loan defects in clear and concise stipulations.
6. Maintain Production Standards set by Manager and Review Type
7. Maintain acceptable quality and service level standards
8. Ensure loan is escalated appropriately to escalation points if applicable.
9. Ensure work product i.e. checklists and LVDC are uploaded according to policy
QUALIFICATIONS
Required Qualifications:
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1. 2+ years of experience in a similar or transferable role within Mortgage.
2. Ability to work independently.
3. Strong attention to detail.
4. Strong written and verbal communication skills.
5. Familiarity with mortgage loan documents.
Preferred Qualifications:
1. Bachelor's Degree or equivalent education and related training
2. 2+ years of experience in lending or finance, preferably in mortgage originations
3. Demonstrated proficiency in one or more of the following: Lending Space, Compliance Ease, and MERS
OTHER JOB REQUIREMENTS / WORKING CONDITIONS
Sitting/Standing/Walking/Bending/Lifting
* Sitting - Constantly (More than 50% of the time)
* Standing
* Walking
* Bending
* Lifting
Visual / Audio / Speaking
Able to access and interpret client information received from the computer and able to hear and speak with individuals in person and on the phone.
Manual Dexterity / Keyboarding
Able to work standard office equipment, including PC keyboard and mouse, copy/fax machines, and printers.
Availability
Able to work all hours scheduled, including overtime as directed by manager/supervisor and required by business need.
Travel
Minimal and up to 10%
SunTrust Banks
Atlanta, GA
SunTrust Banks, Inc. operates as the holding company for SunTrust Bank that provides various financial services for consumers, businesses, corporations, institutions, and not-for-profit entities in the United States. It operates in two segments, Consumer and Wholesale. The Consumer segment provides deposits and payments; home equity and personal credit lines; auto, student, and other lending products; credit cards; discount/online and full-service brokerage products; professional investment advisory products and services; and trust services, as well as family office solutions. This segment also offers residential mortgage products in the secondary market.
The Wholesale segment provides capital markets solutions, including advisory, capital raising, and financial risk management; asset-based financing solutions, such as securitizations, asset-based lending, equipment financing, and structured real estate arrangements; cash management services and auto dealer financing solutions; investment banking solutions; and credit and deposit, fee-based product offering, multi-family agency lending, advisory, commercial mortgage brokerage, and tailored financing and equity investment solutions. This segment also offers treasury and payment solutions, such as operating various electronic and paper payment types, which comprise card, wire transfer, automated clearing house, check, and cash; and provides services clients to manage their accounts online.
The company offers its products and services through a network of traditional and in-store branches, automated teller machines, Internet, mobile, and telephone banking channels. As of December 31, 2018, it operated 1,218 full-service banking offices located in Florida, Georgia, Virginia, North Carolina, Tennessee, Maryland, South Carolina, and the District of Columbia. SunTrust Banks, Inc. was founded in 1891 and is headquartered in Atlanta, Georgia.
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IndustryBanking/Financial Services
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No. of Employees22,899
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Website
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Jobs Posted2598
