• Oversee the review and validation of loan documentation for accuracy, completeness, and compliance with Non-QM guidelines.
• Lead through third party audits of closed loans, ensuring all conditions are satisfied in specified period of time. Ability to review conditions and know how to cure and escalate as needed.
• Collaborate with internal teams, including underwriting and processing, to resolve discrepancies or issues in loan files effectively. This position will also require following up with third parties (i.e. broker/closing agent) to resolve discrepancies and/or missing documents.
• Maintain organized records of all closed loans and related documentation, ensuring accessibility and compliance.
• Stay abreast of industry trends, regulations, and changes related to Non-QM products to inform best practices.
• Assist in developing and improving post-closing processes and procedures to enhance efficiency and accuracy.
• Provide exceptional leadership and support to the post-closing team, fostering a culture of continuous improvement and professional development.
• Deliver outstanding customer service to internal and external stakeholders, addressing inquiries and concerns promptly.
• Process collateral documents, manage the receipt and processing of closing loan packages.
• Ensure collateral is reviewed and shipped timely.
• Work with closing and or closing agent to resolve any discrepancies.
• Manage the receipt and processing of trailing documents, ensuring all necessary paperwork is complete post-closing.
• Work closely with underwriting, closing, and compliance teams to resolve any discrepancies or missing documentation related to non-QM loans.
• Keep detailed records of all collateral and tailing documents, ensuring they are organized and accessible for audits and compliance reviews.
• Stay updated on regulatory changes in the non-QM mortgage space and ensure all documentation practices adhere to industry standards.
• Communicate with all internal and external partners including borrowers to resolve or mitigate any post-closing issues.
Requirements
• Bachelor's degree in finance, business, or a related field preferred.
• Must have experience managing NON-QM teams
• Strong understanding of mortgage lending regulations and compliance requirements, focusing on Non-QM loans.
• Exceptional attention to detail and organizational skills.
• Proficient in mortgage software and tools, as well as Microsoft Office Suite.
• Strong analytical and problem-solving abilities.
• Ability to work independently and collaboratively in a fast-paced environment.
• Excellent communication skills, both written and verbal, with the ability to lead and mentor a team.