Loan Purchase Specialist

Loan Purchase Specialist

In Office
- Irving, Texas

Position Summary: Responsible for reviewing closed loans for purchase eligibility, ensuring compliance with company and agency guidelines, and serving as the primary liaison between correspondent lenders and internal review teams.

• Review loan files using company systems (LOS, OnBase, FHA Connection) to ensure eligibility and compliance with FHA, VA, USDA, and agency guidelines
• Enter and validate loan data while meeting production and quality standards
• Communicate with lenders to resolve conditions, answer questions, and provide guidance on requirements
• Manage loan pipeline, including aging loans and ensuring turnaround times are met
• Coordinate with internal departments (Underwriting, Compliance, Collateral, Pre-Purchase Review) to clear loan conditions
• Issue suspense notifications and track resolution progress
• Prepare and deliver status and suspense reports to management

• 1–2 years of mortgage banking experience preferred
• Knowledge of agency and government loan guidelines (FHA, VA, USDA) preferred
• Strong analytical, organizational, and data entry skills
• Excellent written and verbal communication skills
• Ability to manage multiple priorities in a fast-paced environment

• Attention to detail and accuracy
• Customer service orientation
• Time management and organization
  
  Ability to work independently and meet deadlines

Cognizant will only consider applicants for this position who are legally authorized to work in the United States without requiring company sponsorship now or at any time in the future