Post Closing Specialist

23 hours ago


Oakbrook Terrace, Illinois, United States Fay Financial Full time
About the Role

Fay Financial is seeking a highly skilled Post Closing Specialist to join our team. As a Post Closing Specialist, you will play a critical role in ensuring the smooth operation of our post-closing process.

Key Responsibilities
  • Post-Closing Process Management: Oversee the entire post-closing process, including warehouse and secondary market file delivery, clearing and curing of post-close audit items, investor suspense items, post-purchase audits, insuring, trailing documents, creating boarding tapes, and boarding loans to the servicing system.
  • Collateral Package Delivery: Ensure timely delivery of collateral packages to the warehouse bank.
  • Compliance and Accuracy: Verify that all closed loans are in compliance with federal and state laws, meet company policies and investor guidelines, and are accurate and complete.
  • Investor Communication: Effectively communicate with investors to resolve post-closing and post-purchase audit discrepancies.
  • Discrepancy Resolution: Identify and resolve discrepancies found within closed loan files, and proactively coordinate solutions to resolve.
  • Collaboration and Teamwork: Work closely with Originations, borrower/broker, and title to resolve outstanding items, and collaborate with the Secondary Market team to resolve post-close curative items.
  • Trailing Document Management: Follow up on receipt of trailing documents, ensure they are in compliance, and deliver to the investor within required time frames.
  • Loan Boarding: Prepare loan boarding tapes for service retained loans, and upload loan packages to the servicing system based on investor specifications.
Requirements
  • Education: High school diploma or equivalent required.
  • Experience: 2+ years of residential mortgage experience.
  • Skills: Broad knowledge and understanding of mortgage loan documents, strong organizational and communication skills, demonstrated teamwork and customer service skills, attention to detail, and ability to manage workflow effectively.


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