Salary
💰 $110,000 - $120,000 per year
About the role
- Manage the Disclosure and Closing process for Non-Delegated clients participating in the Docs and Disclosure program
- Manage pipeline and workflow to ensure compliance timelines are met and loans comply with federal and state regulations
- Oversee and support vendors conducting fulfillment services and assist with vendor management for performance and communication
- Field complex compliance questions and assist with escalations from Correspondent Specialist, Seller, and/or Vendor
- Assist Closing staff by defining goals, establishing schedules and priorities to ensure timely handling of Correspondent loans
- Develop process improvements and establish workflows and controls to ensure timely disclosures
- Ensure investor guidelines, PHH guidelines, laws and regulations are followed and communicated accurately
- Maintain and develop policies and procedures as needed and stay current with compliance regulations and GSE requirements
- Work in collaboration with Sales, Underwriting, Capital Markets, Compliance, Legal, Risk, and Training
- Provide organized information and reporting to leadership
Requirements
- Bachelor’s degree preferred (business, accounting, finance, or banking) or equivalent education/applicable years of experience in Correspondent Lending Non-Delegated channel
- 4 years related work experience
- Minimum of 3 years Compliance experience
- Broad, fundamental understanding of Correspondent Lending Operations
- Strong interpersonal and relationship management skills
- Ability to analyze escalated loan requests and make risk-based decisions
- Compliance and Regulatory knowledge
- Ability to multi task and meet deadlines
- Excellent written and verbal communication skills
- Strong analytical, negotiation, problem-solving, organizational, and time management skills
- Solid understanding of the mortgage industry and regulatory changes
- May be required to pass company and client-specific background checks and Federal/State licensing requirements