Sr. Correspondent Purchaser
Core
Overseeing the end-to-end purchase process for closed correspondent loans, acting as the primary liaison with seller partners to resolve documentation, collateral, and title issues while ensuring loans meet strict company and investor requirements.
Role type
Senior individual contributor correspondent loan purchaser
Builds
Certified and funded correspondent loans for investors
Domain
Mortgage lending / Real estate finance
Required skills
Loan documentation review, title clearance, investor purchase requirements, regulatory compliance, data entry in Loan Origination Systems, stakeholder management, risk mitigation, process improvement
Preferred skills
Mentorship of junior staff, process optimization
Technologies
Loan Origination Systems (LOS), Microsoft Office (Word, Excel, Outlook)
Responsibilities
Review and audit closed correspondent loan packages for accuracy and compliance; Identify and resolve prior-to-purchase conditions such as liens, title exceptions, and settlement discrepancies; Coordinate with internal Quality Control, Funding, and Accounting teams to validate wire instructions and complete funding transfers; Monitor purchase pipelines to ensure timely certification and funding; Stay current with regulatory updates and investor policy changes; Provide guidance to junior staff on purchasing practices.
Seniority
Senior, hands-on IC