Mortgage Loan Purchase Specialist

About the role

Receives and purchases loans from third party lenders. Reviews loans to ensure compliance with bank, regulatory and investor guidelines and customer service standards and determine acceptability. Communicates with lenders, staff, title companies, etc. to resolve outstanding items in order to obtain all necessary documentation and ensure completeness and accuracy. Delivers loan packages in a timely manner to Secondary/Pooling Unit for sale on Secondary market. Packages and submits government loan files to HUD/VA for insurance/guaranty. Prepares required disclosure information within designated time frames ensuring compliance with all regulations.

Responsibilities

• Receive and purchase loans from third-party lenders
• Review loans for compliance with bank, regulatory, and investor guidelines
• Communicate with lenders, staff, and title companies to resolve outstanding items
• Deliver loan packages to Secondary/Pooling Unit for sale on the secondary market
• Package and submit government loan files to HUD/VA for insurance/guaranty
• Prepare required disclosure information within designated time frames

Requirements

• High school diploma or equivalent
• Typically two to three years of relevant experience

Skills

• Thorough knowledge of loan processing, closing, and funding policies and procedures
• Ability to identify and resolve exceptions and interpret data
• Ability to manage multiple tasks/projects and deadlines simultaneously
• Good data entry and mathematical skills
• Effective verbal and written communication skills
• Proficient computer navigation skills using a variety of software packages, including Microsoft Office applications

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Pay

Pay Range: $23.75 - $29.03 per hour. The salary range reflects figures based on the primary location. The actual range for the role may differ based on the location. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase, and 401(k) contribution and pension (all benefits are subject to eligibility requirements).