Purchasing Officer I
Core
Reviewing loan files from participating lenders to determine purchase eligibility, identifying missing or inaccurate items, and producing notices to clear conditions on files.
Role type
Entry-level purchasing officer (mortgage loans)
Builds
Loan purchase files for GNMA and FNMA pools
Domain
Mortgage lending and housing finance
Deliverable
client delivery
Required skills
Loan file review, checklist usage, policy adherence, document compilation, data accuracy verification, lender communication, report processing
Preferred skills
None stated
Technologies
Electronic document system, email, phone
Responsibilities
Review loan files submitted electronically to determine purchase eligibility; Identify missing, incomplete, or inaccurate items using purchase checklists and guidelines; Produce Ineligible, Post Purchase, and Conditional notices; Maintain warehouse lender information and determine Bailee Agreement requirements; Resolve purchase edit issues with other departments; Process daily edits for Accounting and Loan Servicing Division; Process weekly Trustee Reports and backup documentation; Clarify issues and resolve outstanding problems with lenders.
Seniority
Entry-level, limited supervision