Role Definition: Monitors for and reviews closed loan documents for compliance, completeness and accuracy. Validates system data and conducts follow-up document tracking.
I. Receive, audit and file original loan Note collateral documents and closed loan trailing documents from PFI's, correspondent and non-correspondent banks to meet investor requirements. Coordinate necessary document corrections as applicable.
II. Assists with review and completion of FHLB loan documents submitted by PFI's for purchase approval.
III. Manage pipeline of outstanding documents. Update internal systems to reflect receipt of outstanding documents and file electronic and/or original documents. Communicate effectively with banks regarding missing or inaccurate documents.
IV. Assists with audit of Correspondent loans approved for purchase to ensure completeness and accuracy for delivery to investors for loan sale.
V. Assists with shipping of original loan Note collateral documents to investor custodians for certification and sale processing.
VI. Serve as a Mail Distribution back up and assist with other duties as needed.
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