Senior Associate, Correspondent Loan Review

If you’re looking for a meaningful career, you’ll find it here at Webster. Founded in 1935, our focus has always been to put people first--doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence are Webster’s values, these set us apart as a bank and as an employer.  

Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!

• Responsible for the audit of closed correspondent loans to ensure they were closed correctly, are complete and meet compliance (State and Federal), legal and WB guidelines.

• Complete minimum number of loans reviewed as determined by volume

• Review documents for completeness and accuracy

• Create conditions in LOS for missing or incorrect items; receive and review documentation to clear conditions or provide further communication.

• Interpret a variety of instructions, guidelines, regulations in written and oral form

• Manage individual pipeline to ensure loans cured within SLA

• Create accurate wire requests

• Work with internal partners to clear files for purchase

• Work with Servicing relative to on-boarding issues

Key skills/experience qualifications for the role:

• High school diploma or equivalent

• At least three (3) years of experience in closing or Post-Closing with an understanding of the lending process and procedures preferred

• Knowledge and experience in compliance to include TRID, RESPA as well as all applicable state and federal regulations

• PowerLender experience preferred

• Working knowledge of residential loan processing, underwriting and closing documents

• Ability to pay attention to detail while handling a high volume of work and multiple interruptions.

• Proficient computer skills (i.e., Microsoft Word, Excel, Outlook and Teams

The estimated salary range for this position is $24.00 to $27.00 USD an hour. Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position is eligible for incentive compensation.

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All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.