Investor Purchasing Analyst - Hybrid (Irving, TX)

POSITION OVERVIEW:  The Investor Purchasing Analyst is responsible for executing the resolution of pre-purchase loan issues to complete the loan sale or post-purchase issues to prevent repurchase of the loan.

This is a Hybrid position working at our Irving, Texas location.

ESSENTIAL DUTIES and RESPONSIBILITIES, includes the following responsibilities, but not limited to:

• Utilizes internal CMG reporting to monitor outstanding loans pending purchase by assigned investors.
• Monitors investor website(s) at least daily for their specific statuses and outstanding conditions that CMG must meet or fulfill for purchase.
• Communicates with internal or external customers, or both, to obtain necessary documentation required to perfect loan sales to Investors.
• Manages delivery of completed conditions to investors for their review and obtains investor sign-off /approval for purchasing loans from CMG.
• Delivers timely and accurate communication to investors, including follow-up calls or e-mails to ensure that submitted conditions are acceptable to get loans purchased.
• Follows established communication protocol and delivers communication to upper management regarding all loans that have been purchased, along with their purchase advice if applicable.
• Responds to post purchases Quality Control missing items and deficiencies in a timely manner.
• Researches and investigates facts as necessary to prevent unsaleable loans and repurchases, including collecting necessary data and gathering information required for successful rebuttals.

PREFERRED QUALIFICATIONS AND EXPERIENCE:

• Ability to work a Hybrid Schedule at our Irving, TX location.
• 5-10 years of Underwriting experience.
• 3+ years of experience with FNMA (DU) and FHLMC (LP).
• 2+ years of experience with Bond loans preferred.
• BYTE experience preferred.
• Compliance or Quality Control experience preferred.
• Detail oriented.
• Ability to provide clear documentation and feedback.
• Ability to prioritize work and goals according to importance and deadlines.
• Proficient in Microsoft suite of products; Outlook, Word, Excel, PowerPoint etc.
• Ability to work in a fast-paced fluid environment.
• Excellent communication skills both written and verbal.
• High level of integrity and confidentiality required.

SUPERVISORY RESPONSIBILITIES: Direct Reports: N/A

PHYSICAL and ENVIRONMENTAL CONDITIONS:

This role operates in an ADA compliant office environment, utilizing typical office equipment and tasks including computer work. The position may involve partial stationary positions and moving throughout the day. Flexibility to work overtime to meet project deadlines is required.

Base Compensation Information – CMG pays a competitive salary which ranges from $60,000 to $70,000. Factors that affect salary may include: experience working in investor purchasing, overall knowledge of mortgage loans, number of years worked in mortgage industry, types of roles performed, computer skills, experience specific to working with mortgage lenders, and education.