Senior Associate, Correspondent Loan Review
Job Description
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.
Application Instructions
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