Correspondent Purchase Auditor

Description

Job Summary

The role of the Correspondent Purchase Auditor is to review the closed loan file documents and ensure that the loan closed according to the approval, meets all federal, state, local and investor requirements and that the data in the LOS matches the data in the mortgage loan documents. The position requires a thorough understanding and familiarity of both credit and closing documents.

The Correspondent Purchase Auditor will be responsible for reviewing the closed loan submitted for purchase. 

Responsibilities

• Index all required documents in specified eFolder
• Review the loan documents using the Correspondent Purchase Auditor checklist for all Conventional, FHA and VA for completeness and accuracy
• Review documents and compare data to LOS system to ensure data validation is accurate. 
• Add suspense conditions in a clear concise manner in LOS for any deficiencies noted as part of the above review
• Upload documentation to appropriate warehouse for warehouse review
• Adhere to strict timelines prescribed by the Management and provide the review response in the desired timeframe

Requirements

• High school diploma or general education degree.
• Experience working in a production environment preferred.
• Detail oriented
• Excellent oral and written communication and interpersonal skills with the ability to develop working relations with business associates at a positive level.
• Must have a minimum English Language comprehension of “B2 Upper Intermediate” according to the Common European Framework of Reference (CEFR) scale.
• Language skills required include the ability to read and comprehend simple instructions, short correspondence and memos.
• Mathematical skill is that of ability to add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals.
• Computer skill required is that of basic personal computing including electronic mail, word processing, spreadsheets, etc.
• Effectively manage multiple tasks in a fast-paced working environment.
• Always communicate in a positive and professional manner.
• Exercise independent judgment and ability to work independently.
• Timely communication and response times according to department standards
• Strong knowledge of ATR/QM, RESPA, TRID and mortgage compliance regulations
• Basic knowledge of mortgage product types (Conventional, FHA, and VA)