Senior Associate

Associate / Sr Associate / Analyst / Sr Analyst Job Description

Process: Closing - Retail

About Us

Archwell was born in 2015 with a mission to be a constant and trusted partner, helping business adapt, evolve & thrive in every market environment. Digital disruption is all around. Markets are chaotic and unpredictable. And yet, at its core, mortgage is still simply people helping people.

We get it. We like to say we are by mortgage, for mortgage.

We do this through our collection of diverse tools, platforms, solutions and services that each help solve specific challenges lenders, servicers and investors deal with every day.

Job Roles and Responsibilities:

• Working on Government Retail loans (FHA, conventional and VA loans) of Refinance closing transactions.
• Checking the data accuracy in the documents (Appraisal, HOI, Tax, Vesting, Title, Payoff, VOE, VOM, Bank statements, Loan Estimate) required for closing of the loan, if needed requested for the corrections with the Processing team.
• Disclosing the initial Closing disclosure to the borrower through mailbox, e sign, and Docutech rules.
• Validating the escrows and payoff documents, escrow shortages for underwriter final approval.
• Updating UI application with loan details and released the closing instructions/Package to the Title Company and Title Company provides Draft CD with settlement fee details.
• Preparing Note, Mortgage Statements.
• Preparing HUD settlement statements/closing package
• 0% and 10% tolerance cure scenarios
• Performing the work of calculating aggregate escrow as well as preparing appropriate disclosures and applying the lender credits /Tolerance cure as per client to adjust the loan amount and submitting to underwriter for final approval.
• Coordinate loan closing time/date/place with schedulers, title companies, etc.
• Preparing 10-12 closing packages per day.
• Quality checking/ auditing files and mentoring the new employees in the process.

Qualification & Experience

Educational qualification and years of experience required in any specific domain/skill for the role:

• Basic Degree completion (15 years of education).
• Prior experience in US mortgage especially in closing.
• Excellent computer skills, including proficiency in Microsoft Word, Excel, and Outlook, and conducting Internet research.
• Exceptional verbal and written communication skills.
• Minimum 2 years of working experience in US mortgage industry.