Sr. Loan Purchase Auditor

Company

Verus Mortgage Capital is an independent national mortgage investor. Verus offers its Sellers responsible non-prime and Jumbo prime lending products that fill the credit void in today’s market. Verus consistently evaluates today’s market and credible borrower financing needs to offer our partners innovative solutions.

Role

Verus Mortgage Capital is seeking a Loan Purchase Auditor to join our team to work directly with our correspondent sellers and internal staff. This role includes the opportunity to work remotely. The position requires a conscientious, self-motivated professional capable of managing assigned tasks and finding solutions in a fast-paced correspondent acquisition environment. The ideal candidates will be self-motivated, highly organized, detail oriented and possess a “can-do” attitude. The office is located in Bloomington, MN, however remote candidates will be considered.

Accountabilities

• Performs other related duties as assigned
• Performs risk assessment and research for underwriting issues, conditions and concerns – works with due diligence firms, sellers, and internal partners to resolve
• Answer and resolve internal or external email, phone or other inquiries
• Review and audit due diligence results from third party review (TPR) agency for satisfactory credit, underwriting and compliance guidelines to verify loans meet eligibility and represent an acceptable level of risk for purchase
• Validate and correct or complete data, where required, when received from Third Party Review agency to ensure accuracy in condition requirements for the purchase of a closed loan
• Manage and maintain SLA requirements for minimum daily file review/clearing requirements as set by management
• Complete exception request reviews to determine if loan is acceptable for purchase with sufficient compensating factors
• Maintains a current pipeline and manages internal queues to ensure loans are reviewed and decisioned in a timely manner

Education and Experience

• Must have excellent customer service skills and be comfortable with candor, interaction with other team members, and clients/vendors
• Validate and correct or complete data, where required, when received from Third Party Review agency to ensure accuracy in condition requirements for the purchase of a closed loan
• Performs risk assessment and research for underwriting issues, conditions and concerns – works with due diligence firms, sellers, and internal partners to resolve
• Answer and resolve internal or external email, phone or other inquiries
• Ability to review loan collateral documents (note, deeds, assignments) and associated data specific to program and company guidelines
• Complete exception request reviews to determine if loan is acceptable for purchase with sufficient compensating factors
• Maintains a current pipeline and manages internal queues to ensure loans are reviewed and decisioned in a timely manner
• Ability to review closed loan documents and data for accuracy specific to program and company guidelines
• Review and audit due diligence results from third party review (TPR) agency for satisfactory credit, underwriting and compliance guidelines to verify loans meet eligibility and represent an acceptable level of risk for purchase
• Ability to identify required conditions for missing requirements and/or data elements to facilitate the purchase of a loan in accordance with company guidelines
• Performs other related duties as assigned
• Manage and maintain SLA requirements for minimum daily file review/clearing requirements as set by management

Required Skills/ Abilities

• Ability to review closed loan documents and data for accuracy specific to program and company guidelines
• Must have excellent customer service skills and be comfortable with candor, interaction with other team members, and clients/vendors
• Ability to review loan collateral documents (note, deeds, assignments) and associated data specific to program and company guidelines
• Ability to identify required conditions for missing requirements and/or data elements to facilitate the purchase of a loan in accordance with company guidelines

Benefits

• And much more!
• Professional learning and development opportunities
• 401(k) w/ company matching
• Great compensation package
• Attractive benefits plans and paid time off

Maintaining a reliable, uninterrupted high speed internet connection is a requirement of hybrid or remote positions.

All job duties and responsibilities must be performed within the guidelines of the Verus Residential Mortgage Employee Handbook and established company policies and procedures. It is the responsibility of each employee to maintain confidentiality of the company, its clients and to follow applicable laws and regulations in the performance of duties.

Verus Mortgage Capital is an equal opportunity employer. All qualified applicants are welcomed to apply and will receive consideration for employment without unlawful discrimination because of a person’s race, religious creed, color, national origin, citizenship status, ancestry, marital status, sex, age, or sexual orientation, or because of a person’s disabiliy or medical condition.