Purchase Clearing Specialist

The Purchase Clearing Specialist is responsible for ensuring the accurate and timely disbursement of funded mortgage loans and managing the loan file through the post-closing and investor delivery process to which they’ve been designated for purchase. If any suspense items are issued on a file after its receipt by the investor, the Purchase Clearing Specialist obtains and satisfies those requirements.Duties include:Review and validate closing documents, including Prior to Funding (PTF) Conditions, for completeness and accuracy.Notify the Closing Team, Title Company, or appropriate team member to obtain corrections for any documents not completed or signed/dated correctly.Obtain and satisfy any suspense items issued on file after the investor receives them.Prepare and deliver complete, compliant loan packages to investors via designated portals.Monitor investor purchase pipelines and proactively resolve suspense conditions.Communicate with internal departments, title companies, and investors as needed to facilitate purchase within the designated timeframe.Maintain accurate records as appropriate within the loan originating system (LOS).Assist in audit preparation and respond to post-closing/investor findings.Education and/or Work Experience Requirements:High School Diploma required; Bachelor’s degree is preferred2+ years previous mortgage experience in a relevant role, including but not limited to Processing, Underwriting, Post Closing and/or Closing.Basic understanding of CD’s, guidelines including FHA, VA, and FNMA, title commitments Schedule A data, and hazard and flood insurance requirements.Experience and knowledge of RESPA/TRID laws, disclosure timing and APR rulesSkills:Strong written and oral communication skills.Strong reasoning ability and logical thinking skills; ability to review file documentation and identify issues.Highly motivated self-starter able to work with minimal direct supervision.Aptitude for self-development and learning.Above average understanding and proficiency with use and manipulation of MS Excel reporting and spreadsheets.Strong planning and organization skills, to include attention to detail and the ability to multi-task, prioritize and complete a high volume of tasks and projects with minimal supervision.Ability to work in a team environment.Ability to research agency and company guidelines, overlays and policies to provide accurate answers.React with appropriate levels of urgency and awareness to deadlines and situations/events that require quick response or turnaroundCustomer service orientation.PC literate with MS Office skills and other business software.High level of integrity, ethics, discretion and professionalism in handling confidential and sensitive information.