Mortgage Post Closing Manager

👋 Mortgage Post Closing Manager - Hybrid (Sacramento, CA) | $58,868 - $117,870

About Summit Funding, Inc.

Summit Funding, Inc. is a top 50 national mortgage lender with a history of stability and a commitment to making homeownership a reality for thousands of people. We’re proud of our positive culture and growth mindset, and we’re always looking for talented individuals to join our team.

Benefits & Perks

• Competitive compensation 💰
• Full benefits (medical, dental, vision, 401K plus match, 11 paid holidays, paid time off, and more) 🎉
• Fun team atmosphere and professional development opportunities 🤝

What You'll Do

As our Post Closing Manager, you'll lead and manage our Post Closing department, ensuring the timely and accurate completion of all departmental tasks. This includes:

• Managing and overseeing all aspects of the Post Closing department. This includes generating regular reports to ensure departmental tasks and metrics are being achieved. 📊
• Implementing and maintaining systems and procedures for tracking and monitoring closed loans. This includes the delivery and purchase of loans by investors. 🔎
• Working closely with our company's investors, third-party vendors, and TPR firms. You'll ensure loans are purchased within expiration dates, acceptable dwell times, and investor trailing docs requirements. 🤝

Key Responsibilities

• Review and interpret compliance regulations that potentially affect business operations. ⚖️
• Perform risk analysis and make decisions regarding deficiencies identified during loan review. ⚠️
• Pull reporting to verify that all loans are shipped within specified turn times. ⏳
• Manage and follow up on all aged and suspended files. 🗃️
• Manage the escrow holdback process to ensure all escrow holdbacks are released properly. 🔐
• Manage the final documents process to ensure that all documents are sent to the investors within investor-specified time frames. 📑
• Manage and follow up on all Repurchase loans as well as any S&D recommendations. 🔁
• Ensure all securitized pools are delivered and purchased within expiration dates. 📦
• Manage all internal post-close checklists; ensuring they are current and up to date. ☑️
• Collaborate with other departments to refine and improve processes and efficiencies. 🤝
• Manage and supervise staff in fulfilling department tasks and projects. 👨‍👩‍👧‍👦
• Train and coach staff in fulfilling the goals of the department. 🏆

What We're Looking For

• 3-5 years of current or recent (within the last 12 months) Post Closing management experience. You'll need to have overseen a minimum of 4 direct reports in Post Closing or a related field.
• 2+ years of experience with Non-QM products and investors is preferred.
• You'll need to be familiar with FHA/HUD Guidelines, VA guidelines, FNMA/Freddie Mac guidelines, and the ability to read and interpret investor Guidelines.
• You should understand and comprehend the Mortgage Loan process through closing as well as underwriting systems.
• You must have thorough working knowledge of real estate documentation, policies, compliance, and procedures.
• You should be proficient in Microsoft Office and all applicable software programs. 💻
• Excellent written and oral communication skills are essential. 🗣️
• Strong organizational, problem-solving, and analytical skills are a must. 🧠
• Proven ability to handle multiple projects and meet deadlines. 🗓️
• You'll be able to build and sustain a great culture and working environment by embodying Summit’s core values. 🤝

Additional Info

• This exempt role pays between $58,868 and $117,870 annually depending on experience and location.
• This position reports out of the Sacramento Corporate Office but is offered as hybrid-remote or remote depending on experience and location.
• You will be required to work a West Coast Schedule, Monday through Friday, and be available to work between the hours of 7am to 5pm PST.

Job Category: Healthcare