Post Closer

Fay Servicing Farmers Branch , TX 75234

Posted 3 months ago

Position Summary:


Facilitates all aspects of the post-closing process including secondary market file delivery, clearing of investor suspenses post-purchase audits, insuring, trailing documents, MERS and insurance transfers, and creating boarding tapes and boarding loans to the servicing system.

Qualifications:
Encompass loan origination system experience Thorough understanding of mortgage lending guidelines, laws, regulations Experience with service released and service retained loan level audits and delivery Retail and wholesale experience.

Qualifications Required: 2+ years of experience in investor delivery 2+ years of experience in reviewing FHA documentation and completing LI insuring processing Strong organizational skills Ability to manage workflow effectively Works independently and prioritizes multiple functions while meeting pre-established deadlines.


Essential Functions &

Responsibilities:
Scan and upload closing packages received from title companies Deliver collateral to the warehouse bank.

Ensures that all closed loans are in compliance with federal, state laws and meet company policies and investor guidelines. Reviews all closed loans for accuracy and completeness and delivers complete documentation to the investor Assist in effectively communicating with investors to satisfy all post-closing and purchase-purchase audit discrepancies. Verifies that all stipulations requested are valid and met to ensure that loans are saleable/purchased.

Communicate any discrepancies found within a closed loan file and coordinate solutions for resolve. Monitors pipeline views to ensure timely completion of assigned tasks Develop preventative strategies to minimize errors in the delivery of loans to all investors and insurers. Receive trailing documents, ensure they are in compliance, and deliver to the investor within the required time frames.

Satisfy all internal and external audit requests within required timeframes. Effect required transfers to investors for PMI, insurance, and MERS Prepare loan boarding tapes for service retained loans. Deliver closer loan packages to servicing system based on investor specifications.

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Post Closer

Fay Servicing