Purchaser, Correspondent

ResiCentral

About The Position

Ready to make an impact in mortgage operations? Join our team as a Correspondent Mortgage Purchaser and play a critical role in ensuring smooth, compliant, and timely loan purchases. If you thrive in a fast-paced environment, have a sharp eye for detail, and love building strong partnerships, this is your chance to be part of a team that values precision, collaboration, and excellence. Job Summary The Correspondent Mortgage Purchaser is responsible for evaluating, preparing closing packages, purchasing, and managing loans originated by correspondent lenders. This role ensures loans meet investor, regulatory, and company guidelines while supporting strong relationships with correspondent partners.

Requirements

High integrity with strict adherence to confidentiality
Strong knowledge of federal and state mortgage lending laws and regulations
Excellent customer service, communication, interpersonal, and organizational skills
Proficient in Microsoft Office (Word, Excel, Outlook)
Detail-oriented with proven accuracy and ability to manage high-volume, deadline-driven work
Strong sense of urgency in a fast-paced, changing environment
Professional demeanor with a strong work ethic
Excellent analytical and problem-solving abilities
BA or BS preferred. High school diploma or GED required
2–5 years of experience in mortgage operations, underwriting, correspondent lending, or loan purchasing
Strong knowledge of agency guidelines (Fannie Mae, Freddie Mac, FHA, VA)
Understanding of mortgage compliance and regulatory requirements
High attention to detail and strong analytical skills
Ability to manage multiple loans and deadlines simultaneously

Responsibilities

Prepare closing packages for emerging bankers in the non delegated correspondent channel.
Review and purchase closed mortgage loans from approved correspondent lenders.
Analyze loan files for compliance with investor guidelines, credit policy, and regulatory requirements.
Identify and clear purchase conditions, exceptions, and defects.
Coordinate with correspondents to resolve documentation or compliance issues
Ensure timely funding and purchase of loans in accordance with service-level agreements (SLAs).
Monitor loan quality and flag trends or recurring issues with correspondent partners.
Work closely with underwriting, secondary and account executives.
Maintain accurate records in loan purchase and tracking systems.
Stay current on investor updates, agency guidelines, and regulatory changes.
Maintain current knowledge of Policies and Procedures as they relate to documents and funding.
Additional responsibilities as needed.