Post Closing Underwriter

Emporium TPO has been named a Top Workplace in the 2024 Scotsman Guide

Emporium is a wholesale origination platform dedicated to servicing professional mortgage brokers and non-delegated correspondent lenders. Our aspirations at Emporium are simple: build a team of talented individuals with shared values who think and behave like owners, create a culture focused on exceptional customer service, and deliver quality products and returns to stakeholders. Come join us!

The Post-Closing Underwriter is highly detail-oriented and will perform in-depth residential underwriting analysis on loans post-closing, ensuring creditworthiness and marketability. The role involves reviewing complex mortgages, particularly self-employed borrowers, and identifying credit deficiencies, errors, and potential fraud. The Post-Closing Underwriter will consult with stakeholders, recommend corrective actions, and ensure compliance with investor guidelines and corporate policies. Additionally, they will assist mortgage production staff on lending policies and procedures. The ideal candidate can work independently, manage multiple priorities, and collaborate effectively across departments.

Responsibilities:

• Review loan files for data integrity and underwriting thoroughness.
• Identify and analyze a sample of loans for post-closing quality control review to ensure critical data is evaluated according to company standards.
• Provide reports on loan analysis, data integrity, and overall loan quality.
• Reconcile closing conditions have been met; identify potential investor defects and clear them to ensure salability of the loan.
• Prepare repurchase/rebuttal letter to investors as needed.
• Utilize internal and external reports to identify quality-related trends.
• Analyzes data and assists [VP, Quality Assurance] in production of scheduled reports and effectively communicates autonomously and concisely with business partners regarding the testing results and strength of controls.
• Attends regular meetings with peers and manager to review findings, discusses and agrees on procedures and arrives at mutually agreed upon recommendations that will result in best practices within the production area.
• Other duties as assigned.

Essential Knowledge/Skills/Abilities:

• Knowledge of regulatory requirements (RESPA, TILA, etc.)
• Strong communication skills
• Highly detail-oriented
• Excellent organizational skills
• Strong decision-making skills
• Proven ability to prioritize and multi-task
• Ability to work independently and across organizational boundaries
• Advanced problem-solving capabilities

Requirements:

• Bachelor's degree or equivalent work experience
• 5 + years of mortgage related experience
• 3 + years of loan due diligence experience
• Strong organization and analytical skills with attention to detail
• Possess a thorough understanding of loan processing and closing procedures
• Excellent communication and time management skills
• Ability to be cross trained and handle multiple functions outside of normal job responsibilities and/or assist team members with other administrative tasks as needed
• Present self in professional manner and have ability to interact with all levels of organization and outside contacts
• Proficient in MS Office including Word and Excel
• Encompass knowledge preferred
• Fosters respect in the workplace

Why Join Us?

Comprehensive Benefits: Start enjoying our benefits from the 1st of the month following your hire date:

• Choose from 4 comprehensive medical plans, dental, vision, etc.
• Company paid Life Insurance, Short and Long Term Disability Coverage

Employee Assistance Program: Free confidential help with a variety of personal, work-life, and concierge needs.

Legal Assistance: Provided via Hyatt Legal for estates, creating wills, or civil matters.

Supportive Work-Life Balance:

• 9 Company Holidays, plus your birthday off as an additional holiday.
• 2 Floating Holidays.
• PTO and/or Sick Days.
• Voting Time Off.
• Paid Parental Leave.
• Bereavement Leave.

Career Development: Continuous growth opportunities through paid training and a collaborative culture.

Tuition Reimbursement: Financial help for your career and educational goals.

Financial Security: 401K plan to secure your future.

Team Bonding: Company outings and virtual happy hours to foster a collaborative culture.

Birthday Surprise: We celebrate your birthday with a tasty surprise from us!

Emporium is an equal-opportunity employer. At Emporium we are committed to treating all Applicants and Associates fairly based on their abilities, achievements, and experience without regard to race, national origin, sex, age, disability, veteran status, sexual orientation, gender identity, or any other classification protected by law.