Purchasing Officer I (Loan Setup)
Purchasing Officer I (Loan Setup)
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Salary Not Disclosed
1 Vacancy
Job Description
Its fun to work in a company where people truly BELIEVE in what theyre doing!
Were committed to bringing passion and customer focus to the business.
Job Description
Entry-level professional with some experience to contribute on a project or program. Role learns to use professional concepts to resolve problems of limited scope and complexity under close supervision while achieving day-to-day objectives. Works on developmental assignments that are initially routine in nature requiring limited judgment and decision making. This level is typically focused on self-development. Requires theoretical knowledge through specific education and training.
- Review servicing loan files for completeness and accuracy via the VirPack system.
- Confirm that initial escrow deposits are accurate and correct as needed.
- Review Loan Set UP documents via VirPack to determine if loan is eligible for loan boarding. Communicate and resolve any issues with lenders and internal staff affecting loan import and loan boarding
- Contact Lenders to have loan set up completed if necessary.
- Review daily ATSU Report for any loan exceeding tolerance limits. Make appropriate changes to the loan servicing system when discrepancies are found.
- Send notices to lenders requesting any missing or incomplete servicing documents.
- Follow-up with the lender on the outstanding escrow conditions and clear these items upon receipt of the proper documentation from the lenders.
- Setup escrow vendor information on the loan servicing system from the loan servicing documents submitted via the Virpack system.
- Make systematic corrections to loan accounts on the loan servicing system as requested by the purchasing team.
- Add the condo homeowners association information to the loan servicing system.
- Notify appropriate staff when escrow amounts change and when the change affects the borrowers payment. Based on the change the Manager of Loan Servicing may need to revise the borrowers billing statement.
- Add and update the Mortgage Insurance and Mortgage Insurance Premium fields in the loan servicing system daily for new loans boarded.
- Add the Flood Certificate information to the loan servicing system for new loans boarded daily.
- Review and resolve loan setup PITI discrepancy errors. This requires the figures to be validated and compared against documents previously submitted in the loan file. Contact the lender as needed.
- Verify the borrowers name and address for new loans boarded in the loan servicing system via the MI Report daily and make needed corrections.
- Other duties as assigned by supervisor.
Qualifications
Associate of Science - Business Administration/Management Relevant professional experience (2-5 years)Experience
Relevant professional experience (2-5 years)EEO Statement
As an employer PHFA is committed to having a workforce that is diverse and reflects the residents that it serves. We strive to maintain a workplace where all employees and applicants for employment receive equal opportunities in all aspects of employment. There are numerous policies in place at PHFA to help us honor this commitment.
The Pennsylvania Housing Finance Agency is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to age disability family status gender national origin political affiliation race or religion.
Diversity Statement
PHFA values honors and commits to the equitable treatment and elimination of discrimination in all forms. We are committed to the diversity of all staff and in all programs and services offered.
Required Experience:
Unclear Seniority
Employment Type
Full-Time
