Mortgage Shipping Purchase Clearer (Full Time) - Richardson

Internal Applicants: If you are a current associate of Prosperity Bank, please apply through the internal Talent - Career Center in ADP.

Prosperity Bank is an Equal Opportunity Employer.

POSITION PURPOSE

ESSENTIAL FUNCTIONS AND BASIC DUTIES

• Coordinating with title companies to receive final signed closing documents
• Review documents and stack per investor requirements and upload into Encompass 
• Maintain tracking system for all packages 
• Obtain final checks from title company along with Final Closing Disclosure to forward to mortgage accounting department
• Airmail Final Note to investor
• Confirm accuracy of MERS registration and transfer 
• Stack the FHA / VA/USDA file in correct order per agency guidelines 
• Pay the MIP / FF in a timely manner 
• Complete Insuring data to FHA/VA/USDA systems for final insuring
• Receive, upload, and track final docs Deed of Trust and Title Policy
• Maintain tracking log of all final documents and call title/recording office to retrieve missing documents
• Maintain tracking log of all government loans for insuring and payments to ensure proper timelines 
• Correct and return any pending conditions issued by government agency 
• Maintain system for insuring tracking purposes.
• Pull payment letters and investor Goodbye letters and update closing log with purchased loans
• Secondary Marketing Liaison for all post purchase investor follow up reconciliations
• Obtain purchase advises from all investors and coordinate with mortgage accounting for loan payoff

The above statements describe the general nature and level of work only. They are not an exhaustive list of all required responsibilities, duties, and skills. Other duties may be added, or this job description amended at any time.

SUPERVISORY RESPONSIBILITIES:

This role has no supervisory responsibilities.

QUALIFICATIONS

Education/Certification: High school graduate or equivalent.

 Coursework in general office skills helpful.

Required Knowledge: Knowledge of mortgage compliance. 

Experience Required: 3 or more years’ experience in Mortgage loan shipping or document follow

 up functions

PHYSICAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION

Finger Dexterity:  Using primarily just the fingers to make small movements such as typing, picking 

 up small objects or pinching fingers together.

Talking:  Especially where one must frequently convey detailed or important instructions or 

 ideas accurately, loudly, or quickly.

Average Hearing:  Able to hear average or normal conversations and receive ordinary information.

Repetitive Motion:  Movements frequently and regularly required using the wrists, hands, and/or 

 fingers.

Average Visual Abilities: Average, ordinary, visual acuity necessary to prepare or inspect documents or 

 products, or operate machinery.

Physical Strength: Sedentary work; sitting most of the time. Exerts up to250 lbs. of force 

 occasionally. (Almost all office jobs.)

WORKING CONDITIONS

None:  No hazardous or significantly unpleasant conditions (such as in a typical office).

MENTAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION

Reasoning Ability:  Ability to apply common sense understanding to carry out detailed but uninvolved 

 instructions and to deal with problems involving a few variables.

Mathematics Ability: Ability to perform very basic math skills including adding, subtracting, multiplying, 

 and dividing two-digit numbers; the four basic arithmetic operations with money, 

 and operations with units such as inch, foot, yard; ounce, and pound (or their 

 metric counterparts).

Language Ability:  Ability to use passive vocabulary of 5,000-6,000 words; read at a slow rate; and

 define unfamiliar words in dictionaries for meaning, spelling, and pronunciation. 

 Ability to write complex sentences, using proper punctuation, and using adjectives 

 and adverbs. 

 Ability to communicate in complex sentences, using normal word order with 

 present and past tenses and good vocabulary.