Mortgage Post-Closing Specialist

This role is for one of the Weekday's clients

Salary range: Rs 300000 - Rs 650000 (ie INR 3-6.5 LPA)

Min Experience: 2 years

Location: Pune

JobType: full-time

The Mortgage Post-Closing Specialist is responsible for ensuring the accuracy, compliance, and salability of closed loan files prior to investor delivery. This role focuses on post-consummation review, regulatory compliance, exception management, and coordination across multiple mortgage operations teams to meet quality, SLA, and investor requirements.

Requirements:
Key Responsibilities

Post-Closing Operations

• Review and validate closed loan packages for completeness, accuracy, signatures, and proper execution.
• Reconcile Closing Disclosure (CD) against Loan Estimate (LE), ensuring tolerance accuracy, fee validation, and TRID compliance.
• Perform compliance reviews aligned with federal regulations, investor guidelines, and internal policies.
• Execute Pre-Purchase Reviews (PPR) to confirm loan salability and clear conditions prior to investor purchase.
• Ensure accurate loan stacking, indexing, imaging, and delivery to investors and insurers (Fannie Mae, Freddie Mac, Ginnie Mae, and private investors).
• Track and resolve post-consummation conditions, including final title policies, recorded deeds or deeds of trust, insurance documents, and NMLS disclosures.
• Manage recording follow-ups, MERS registration updates, and collateral shipping as required.
• Collaborate with Closing, Processing, Underwriting, Secondary Marketing, and Quality Control teams to resolve exceptions and cures.
• Maintain turnaround time (TAT), service level agreements (SLAs), and quality metrics; prepare daily and weekly MIS reports and dashboards.

Quality & Compliance

• Conduct TRID audits covering CD/LE timing, redisclosures, tolerance testing, and cures.
• Identify, escalate, and remediate regulatory and investor compliance exceptions.
• Support pre-funding and post-funding QC audits, including findings remediation and audit readiness.
• Ensure adherence to information security, privacy, and data governance standards.

Process Excellence

• Drive process standardization through checklists, SOP documentation, and continuous improvement initiatives.
• Identify opportunities for automation and RPA to reduce manual effort and defects.
• Mentor junior team members and support cross-training across mortgage operations functions.

Required Skills & Experience

• Hands-on experience in mortgage post-closing, closing, and closing package validation.
• Strong expertise in Closing Disclosure (CD) and Loan Estimate (LE) reconciliation.
• In-depth knowledge of TRID regulations, including timing, tolerance testing, and cures.
• Experience conducting Pre-Purchase Reviews (PPR) and meeting investor delivery requirements.
• Familiarity with key mortgage documents, including:
• Note, Deed / Deed of Trust
• Final Title Policy
• Appraisal
• Initial CD / LE
• Change of Circumstance
• Right of Rescission (where applicable)
• Homeowners Insurance (HOI), Taxes, PMI / MIP

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• Experience with LOS and document systems such as Encompass, Empower, Black Knight/ResWare, DocMagic, or DocuSign.
• Strong analytical, documentation, and stakeholder communication skills.
• Ability to manage SLAs, turnaround times, and high-volume workflows effectively.

Skills

Mortgage Post-Closing • TRID Compliance • CD/LE Reconciliation • Pre-Purchase Review (PPR) • Investor Delivery • Loan Documentation • LOS Systems