Senior Associate, Correspondent Loan Review at Webster Bank

Posted in Other 1 day ago.

Location: Southington, Connecticut





Job Description:

Job Description



If you're looking for a meaningful career, you'll find it here at Webster. Founded in 1935, our focus has always been to put people first--doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence are Webster's values, these set us apart as a bank and as an employer.


Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!




  • Responsible for the audit of closed correspondent loans to ensure they were closed correctly, are complete and meet compliance (State and Federal), legal and WB guidelines.


  • Complete minimum number of loans reviewed as determined by volume


  • Review documents for completeness and accuracy


  • Create conditions in LOS for missing or incorrect items; receive and review documentation to clear conditions or provide further communication.


  • Interpret a variety of instructions, guidelines, regulations in written and oral form


  • Manage individual pipeline to ensure loans cured within SLA


  • Create accurate wire requests


  • Work with internal partners to clear files for purchase


  • Work with Servicing relative to on-boarding issues



Key skills/experience qualifications for the role:



  • High school diploma or equivalent


  • At least three (3) years of experience in closing or Post-Closing with an understanding of the lending process and procedures preferred


  • Knowledge and experience in compliance to include TRID, RESPA as well as all applicable state and federal regulations


  • PowerLender experience preferred


  • Working knowledge of residential loan processing, underwriting and closing documents


  • Ability to pay attention to detail while handling a high volume of work and multiple interruptions.


  • Proficient computer skills (i.e., Microsoft Word, Excel, Outlook and Teams


The estimated salary range for this position is $24.00 to $27.00 USD an hour. Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position is eligible for incentive compensation.


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All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.
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