Manager of Non-QM Post Closing Operations

2 weeks ago

Sacramento, California, United States Summit Funding Full time
Job Overview

Company Overview:
Summit Funding, Inc. stands as one of the longest-standing privately owned mortgage lenders in the nation, consistently ranked among the top 50. Founded in 1995 by Todd Scrima, our mission has always been to excel rather than expand. In recent years, we have successfully assisted over 10,000 individuals in achieving their homeownership dreams. Our commitment to growth, a positive workplace culture, and a legacy of stability distinguishes us as a leader in the mortgage sector.

Employee Benefits:

  • Career advancement opportunities in a dynamic and fast-growing industry.
  • Competitive salary structure.
  • Comprehensive benefits package including medical, dental, vision, 401K with matching, and generous paid time off.
  • Supportive team environment with opportunities for professional development.
Position Summary

The Non-QM Post Closing Manager is responsible for overseeing the Post Closing department, ensuring all tasks are completed efficiently and accurately. This role will involve generating regular performance reports to track departmental progress, with a particular emphasis on NON-QM loans.

This position is based out of the Sacramento Corporate Office, with options for hybrid-remote or fully remote work depending on qualifications and location. Candidates must be available to work a West Coast schedule, Monday through Friday, between the hours of 8 AM and 5 PM PST.

The salary for this exempt position ranges from $65,409 to $117,870 annually, based on experience.

Key Responsibilities
  1. Oversee the Post Closing department: Ensure all departmental tasks are completed on time and maintain a 95% accuracy rate in metrics and error management.
  2. Develop and uphold tracking systems: Create and maintain procedures for monitoring closed loans and their delivery to investors, ensuring all policies are updated regularly.
  3. Collaborate with investors and vendors: Work closely with external partners to ensure timely loan purchases and compliance with all requirements.
Essential Duties
  • Analyze compliance regulations affecting operations with guidance from Compliance Counsel.
  • Conduct risk assessments and address any deficiencies identified during loan reviews.
  • Generate reports to confirm that all loans are processed within specified timelines.
  • Manage aged and suspended files effectively.
  • Oversee the MERS process to ensure regulatory compliance.
  • Administer the escrow holdback process, ensuring proper release of funds.
  • Ensure timely submission of final documents to investors.
  • Supervise the management of repurchase loans and implement recommendations.
  • Guarantee that all securitized pools are delivered within their expiration dates.
  • Maintain internal post-closing checklists, ensuring they are current.
  • Collaborate with other departments to enhance processes and efficiency.
  • Lead and mentor staff to achieve departmental objectives.
  • Other responsibilities as assigned.
Qualifications
  • 3-5 years of experience in Post Closing or a related field.
  • 3-5 years of management experience, supervising at least 4 direct reports.
  • Experience in Non-QM mortgage processes is preferred.
  • Familiarity with government processing and closing practices.
  • Proficiency in Microsoft Office and relevant software applications.
  • Knowledge of FHA/HUD, VA, FNMA, and Freddie Mac guidelines.
  • Understanding of the mortgage loan process from closing to underwriting.
  • Strong written and verbal communication skills.
  • Excellent organizational, problem-solving, and analytical abilities.
  • Proven capability to manage multiple projects and meet deadlines.
  • Ability to foster a positive workplace culture aligned with Summit's core values.

Confidentiality Notice: All information will be kept confidential in accordance with EEO guidelines.

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