Sr. Correspondent Purchaser

CrossCountry Mortgage (CCM) is the nation's number one distributed retail mortgage lender with more than 9,000 employees operating over 700 branches and servicing loans across all 50 states, D.C. and Puerto Rico. Our company has been recognized ten times on the Inc. 5000 list of America's fastest-growing private businesses and has received many awards for our standout culture.

A culture where you can grow! CCM has created an exceptional culture driving employee engagement, exceeding employee expectations, and directly impacting company success. At our core, our entrepreneurial spirit empowers every employee to be who they are to help us move forward together. You’ll get unwavering support from all departments and total transparency from the top down.

CCM offers eligible employees a competitive compensation plan and a robust benefits package, including medical, dental, vision, as well as a 401K. We also offer company-provided short-term disability, an employee assistance program, and a wellness program.

Position Overview:
The Sr. Correspondent Purchaser is responsible for overseeing the end-to-end purchase process for closed correspondent loans. This role acts as the primary liaison with seller partners, ensuring that all documentation, collateral, and title issues are resolved and that loans meet strict company and investor requirements. The Sr. Correspondent Purchaser safeguards loan quality, mitigates risk, and ensures timely certification and funding, while maintaining communication and collaboration with internal teams and external sellers.

Job Responsibilities:
• Review and audit closed correspondent loan packages to confirm accuracy, completeness, and compliance with company policies and investor guidelines.
• Proactively identify and resolve all prior-to-purchase conditions, including liens, title exceptions, signature/endorsement discrepancies, settlement statements, and funding authorizations.
• Maintain clear, ongoing communications with sellers to facilitate timely clearance of conditions and a smooth purchase process.
• Enter, verify, and manage loan purchase data in the Loan Origination System (LOS) and related tracking tools, ensuring accuracy and pipeline visibility.
• Coordinate with internal Quality Control, Funding, and Accounting teams to reconcile discrepancies, validate wire instructions, confirm fees, and complete funding transfers.
• Ensure all purchases are executed in full compliance with federal and state lending regulations as well as investor requirements.
• Monitor purchase pipelines to ensure loans are certified and purchased within required timelines.
• Stay current with regulatory updates and investor policy changes that affect closing and purchasing procedures.
• Serve as a subject matter expert and provide mentorship or guidance to junior staff on correspondent purchasing practices.
• Participate in process improvement initiatives, contributing ideas to strengthen efficiency and loan quality controls.
• Perform additional duties as assigned to support business objectives.

Qualifications and Skills:
• Bachelor’s degree or equivalent combination of related education and work experience.
• 5+ years of mortgage industry experience in correspondent lending, loan purchase, post-closing, or due diligence.
• Experience in successfully managing multiple purchase files and prioritizing tasks to meet tight deadlines.
• Advanced knowledge of loan documentation, collateral review, title clearance, and investor purchase requirements.
• Excellent attention to detail with a commitment to accuracy and compliance. 
• Skilled in working independently with little supervision while contributing effectively to collaborative team environments.
• Excellent communication, relationship management, and problem-solving skills.
• Proficiency in Microsoft Office (Word, Excel, Outlook) 
• Proficiency in Loan Origination Systems.

This job description is intended to convey information essential to understanding the scope of the job and the general nature and level of work performed by job holders within this job. However, this job description is not intended to be an exhaustive list of qualifications, skills, efforts, duties, responsibilities or working conditions associated with the position.