Funder

Acra Lending•Scottsdale, AZ

1d•Onsite

About The Position

Assist in managing correspondent client (“Seller”) relationships, analyze and compile data related to seller loan purchasing transactions with Acra Lending. The Funder will be responsible for purchasing closed loans in a timely manner in accordance with company and investor requirements. Perform all duties in accordance with the company’s policies and procedures, all US state and federal laws and regulations, wherein the company operates.

Requirements

Knowledge of mortgage industry and loan documents.
Knowledge of RESPA, TILA, MDIA requirements.
Must demonstrate thorough knowledge of all aspects of mortgage loan closing.
Knowledge of underwriting procedures, creditor financial analysis techniques, investor requirements and escrow/title practices, as well as regulatory compliance laws as they apply to mortgage transactions.
Required to be on camera for all team and colleague interactions, and team and department meetings.
Superior customer service skills, responsive to client issues and concerns in a timely and/or by established service level agreements (“SLAs”).
Extremely high level of organizational skills and ability to work on several tasks simultaneously with sense of urgency.
Strong mathematical, verbal & written communications skills
Strong computer skills (i.e., use of the Microsoft Office suite; Word, Excel, Outlook, etc.) and use of office machines such as copiers, scanners, and fax machines.
Ability to communicate effectively both verbally and in writing
Ability to organize and prioritize workload and meet deadlines
Must be a team player and work constructively with fellow employees, sales partners, and management team.
High School graduate or equivalent.
Three (3) to five (5) years purchasing closed Correspondent and/or Funding experience.
Knowledge of TRID, RESPA, TILA and Compliance document review experience.
Computer literate with experience using Microsoft Applications (Word, Excel) with mortgage industry standard.
Ability to compile and analyze data.
Experience working in a paperless environment.
Ability to read and comprehend simple instructions, short correspondence, and memos.
Ability to write simple correspondence.
Ability to effectively present information in one-on-one and small group situations to customers, clients, and other employees of the organization.
Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals.
Ability to compute rate, ratio, and percent and to draw and interpret bar graphs.
Ability to apply common sense understanding to carry out detailed instructions.
Ability to deal with problems involving a few concrete variables in standardized situations.
Advanced knowledge of Microsoft Office applications (Word, Excel, Outlook, etc).

Nice To Haves

Knowledge of DocMagic and other document vendors experience a plus.
Document drawing experience a plus

Responsibilities

Consistently complete/audit files review conditions and verifies loan closing package for accuracy and completeness according to our requirements. This includes loan documents, such as TRID, signatures, forms, specific dates, timing, etc.
Receive and review any outstanding purchasing conditions prior to purchase.
Complete a closed loan review to ensure documents were executed correctly.
Ensure all prior to purchase conditions have been met and set file up for purchasing.
Ensure all required documentation for Collateral Package is satisfactory prior to purchase.
Works with appropriate parties to clear any outstanding conditions prior to loan purchase.
Facilitate and task internal QC for closing loan compliance review for following:
Reviews signed loan documents for compliance with federal, state, and local law and company policies and procedures.
Reviews and approves CD settlement statement from closing agent.
Verifies and prepares wire transfer instructions.
Verifies loan amount, all fees, rates, discount points, broker rebates and other loan amounts.
Reviews signed loan documents for correct signatures, notary information, title reports and escrow instructions.
Prepare and retrieve approved purchase advice for Correspondent sellers.
Inputs loan information into the loan system(s).
Follows up with any post-closing issues that may arise.
Maintains a thorough working knowledge of Company and regulatory changes that effect the closing process.
Resolves loan purchase discrepancies with the Accounting Department and Shipping Department
Assists departmental sales partners, support staff and management when necessary.
Performs other related duties as assigned.