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Purchaser, Correspondent
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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.
Duties/Responsibilities
Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.
- 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.
Required Skills/Abilities
- 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
Physical Requirements
- Prolonged periods sitting at a desk and working on a computer.
- Must be able to lift 15 pounds at a time.
Travel Required
- None
Education and Experience
- 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
Other Duties
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.
Schedule: Monday–Friday, 8:00 AM–5:00 PM MST or CST.
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