Fairway Home Mortgage · 7 hours ago
Purchase Clearing Coordinator
United States
Full-time
Remote
Senior Level
5+ years expFairway Home Mortgage is a nationwide leader in the mortgage industry, committed to delivering personalized loan solutions. The Purchase Clearing Coordinator serves as a liaison between internal departments and external investors, ensuring that loans meet quality standards and resolving any deficiencies to facilitate seamless purchases.
Financial Services
Responsibilities
Act as the primary point of contact between third-party investors and internal partners to resolve "suspense" items and prevent loan aging
Independently manage a fluctuating pipeline across diverse product types (FHA, VA, USDA, Conventional, Jumbo, and HFA)
Critically analyze audit findings for accuracy. Use industry resources (AllRegs, Investor Guidelines) to determine the most efficient path to file purchase
Proactively hunt down missing documentation, rebuttals, and clarifications. Track progress meticulously until the loan is cleared and purchased
Provide "top-tier" service via phone and email, offering clear guidance to internal teams on how to rectify loan deficiencies
Maintain real-time accuracy in Encompass and proprietary systems, ensuring all notes and uploads meet compliance and audit standards
Identify and escalate high-priority issues to leadership to mitigate financial risk
Qualification
Required
5+ years of experience in mortgage operations (specifically Purchase Clearing, Suspense, or Post-Closing)
A solid understanding of the 'Life of a Loan' post-funding, including State Housing Finance Agency (HFA) and warehouse bank guidelines
The ability to interpret complex data, identify and address deficiencies, and find solutions under tight deadlines
A proven track record of maintaining professional, productive relationships with investors and borrowers while handling sensitive data
Company
Fairway Home Mortgage
At Fairway Independent Mortgage Corporation, customer service is a way of life.
5001-10000 employees
Funding
Current Stage
Late StageCompany data provided by crunchbase