Mortgage Post Closing Supervisor

Who we are:

Summit Funding, Inc is one of the oldest still privately owned top 50 national mortgage lenders.  When Todd Scrima, our owner and CEO founded our company in 1995 his dream was not to be the biggest, but to strive to be the best.  Our growth mindset, positive culture, and history of stability are just a few things that position our company as a leader in the mortgage industry.

Benefits and Perks:

• Opportunity to further a career in a competitive, fast-paced growing industry where you can make a difference in people’s lives.
• Opportunity to earn competitive compensation.
• Full benefits include medical, dental, vision, 401K plus match, 11 paid holidays, paid time off, and more.
• Fun team atmosphere, professional development, and more.

Job Summary:  The Post Closing Supervisor is responsible for supervising the day-to-day functions of the Post Closing Department including loan shipping, loan delivery, management of collateral, clearing purchase suspense, recording reconciliations, insuring and timely delivery of post-closing documents. This role is responsible for supporting Post Closing Department, its administrative functions and the loan delivery of all mortgage loans closed for sale in the secondary market.

This position reports out of the Sacramento Corporate Office but is offered as hybrid-remote or remote depending on experience and location.  

Annual Salary ranges between $71,000 to $111,111 per year depending on experience.

Top 3 Responsibilities and how you will be measured:

1. Manage and oversee all aspects of the Post Closing department

Measurement: Ensure the timely and accurate completion of all departmental tasks.

2. Maintain daily tasks

Measurement: Maintain with 97% accuracy.

3. Generate reports regarding the statuses and timely purchases of loans

Measurement: Pull reporting on a weekly basis.

Essential Duties of the Position:

• Ensure that the Post Closing processes are running efficiently throughout the loan process for the Company.
• Supervise, train, coach and lead staff in fulfilling department tasks and projects, including work assignment, time management and performance review related activities.
• Create efficiencies by reducing and/or eliminating manual processes or by streamlining current processes.
• Research issues with loan files and to determine whether loans satisfy investor requirements.
• Navigate all investor policies, including specific investor overlays.
• Acts as a liaison with both internal and external department personnel to ensure they are promptly notified of error and/or missing mortgage documentation to facilitate purchase of loans meeting company policy and procedures.
• Motivate staff to work as a team and to establish a department reputation for accurate and timely sale of loans.
• Pull reporting to verify that all loans are shipped and insured within specified turn times.
• Manage and follow up on all aged Suspended files.
• Manage the escrow holdback process to ensure all escrow holdbacks are released properly.
• Manage the final documents process to ensure that all documents are sent to the investors within investor specified time frames.
• Manage and follow up on all Repurchase loans as well as any S&D recommendations.
• Manage and maintain consistent communication with branches, management, investors as well as all necessary internal departments.
• Manage and follow up on all Ginnie Mae and Fannie Mae suspended files.
• Manage all internal post close checklists to ensure they are always the most current and up to date.
• Additional duties or projects as assigned.

• Must have two to four years related, current (within last 12 months) experience or equivalent as a mortgage post closer with Team Lead or supervisory experience included.
• Must be familiar with the following: Post Closing practices, mortgage documentation, recording practices and title/abstract legalities.
• Must be familiar with FHA, HUD FNMA, HELOC, USDA, and FHLMC guidelines and/or terms.
• Must have a high level of proficiency with mortgage loan processing and underwriting systems. Encompass highly preferred.
• All Candidates within 50 miles of the Sacramento corporate office will be asked to work a hybrid schedule with two days per week in-office.
• Applicants must be currently authorized to work in the United States on a full-time basis.

• Summit Funding currently does not sponsor applicants for work visas.

All your information will be kept confidential according to EEO guidelines.