What are the responsibilities and job description for the Correspondent Purchase Auditor position at Change Lending?
Summary of the Role:
The Correspondent Purchase Auditor is tasked with reviewing closed loan files to verify compliance with regulatory and investor requirements. The position demands a meticulous review of loan documents, adherence to compliance protocols, and data integrity validation in systems like Encompass. Additionally, the role includes mentoring junior reviewers, serving as a Subject Matter Expert (SME), and escalating issues as needed.
Core Responsibilities:
- Loan File Review: Examine non-delegated, specialty, or complex loan packages for completeness and adherence to underwriting criteria.
- Compliance and Data Validation: Conduct compliance checks and ensure accurate data entry in Encompass and other relevant systems.
- Communication: Clearly articulate deficiencies and required corrections to stakeholders.
- Mentorship: Support junior team members by providing training and guidance.
- Escalation Management: Appropriately escalate unresolved or high-priority issues.
- Documentation: Upload and maintain accurate checklists and documentation per policy.
Key Requirements:
- Experience: At least 3 years in mortgage-related roles, such as closing, funding, processing, and underwriting.
- Skills:
- Strong attention to detail.
- Proficient written and verbal communication.
- Ability to work independently and meet production goals.
- Technical Proficiency: Knowledge of mortgage loan documents; familiarity with tools like Encompass is advantageous.
Unique Aspects of the Role:
- Mentorship: Opportunity to lead and develop less experienced team members.
- Cross-Functional Collaboration: Interactions with underwriting and other departments to resolve conditions.
- Specialty Loan Review: Focus on non-delegated and complex loans, which require advanced expertise.
Salary : $26 - $29