Correspondent Purchaser

Posted Monday, April 27, 2026 at 10:00 AM At Acra Lending our employees enjoy an opportunity to work with great people.  We celebrate several events throughout the year accompanied by raffles and giveaways for employees nationwide.  We are especially proud to give back to our community and truly enjoy one another's company.  We provide a continental breakfast daily and cater lunch every Friday. We are looking for candidates to join our team who are passionate about their vocation. Who are committed to making a contribution and are looking to gain experience in order to grow in their career. Our headquarters are located on a beautiful campus in Irvine, California and if you work out of our Irvine office we can also provide a free gym membership. Summary Assist in managing correspondent client (“Seller”) relationships, analyze and compile data related to seller loan purchasing transactions with Acra Lending. The Purchaser will be responsible for purchasing closed loans in a timely manner in accordance with company and investor requirements. Perform all duties in accordance with the company’s policies and procedures, all US state and federal laws and regulations, wherein the company operates. Essential Duties and Responsibilities • Consistently complete/audit files review conditions and verifies loan closing package for accuracy and completeness according to our requirements. This includes loan documents, such as TRID, signatures, forms, specific dates, timing, etc. • Receive and review any outstanding purchasing conditions prior to purchase. • Complete a closed loan review to ensure documents were executed correctly. • Ensure all prior to purchase conditions have been met and set file up for purchasing. • Ensure all required documentation for Collateral Package is satisfactory prior to purchase. • Works with appropriate parties to clear any outstanding conditions prior to loan purchase. • Facilitate and task internal QC for closing loan compliance review for following: • Reviews signed loan documents for compliance with federal, state, and local law and company policies and procedures. • Reviews and approves CD settlement statement from closing agent. • Verifies and prepares wire transfer instructions. • Verifies loan amount, all fees, rates, discount points, broker rebates and other loan amounts. • Reviews signed loan documents for correct signatures, notary information, title reports and escrow instructions. • Prepare and retrieve approved purchase advice for Correspondent sellers. • Inputs loan information into the loan system(s). • Follows up with any post-closing issues that may arise. • Maintains a thorough working knowledge of Company and regulatory changes that effect the closing process. • Resolves loan purchase discrepancies with the Accounting Department and Shipping Department • Assists departmental sales partners, support staff and management when necessary. • Performs other related duties as assigned. Qualifications To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required . Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. • Knowledge of mortgage industry and loan documents. • Knowledge of RESPA, TILA, MDIA requirements. • Must demonstrate thorough knowledge of all aspects of mortgage loan closing. • Knowledge of underwriting procedures, creditor financial analysis techniques, investor requirements and escrow/title practices, as well as regulatory compliance laws as they apply to mortgage transactions. • Required to be on camera for all team and colleague interactions, and team and department meetings. • Superior customer service skills, responsive to client issues and concerns in a timely and/or by established service level agreements (“SLAs”). • Extremely high level of organizational skills and ability to work on several tasks simultaneously with sense of urgency. • Strong mathematical, verbal & written communications skills • Strong computer skills (i.e., use of the Microsoft Office suite; Word, Excel, Outlook, etc.) and use of office machines such as copiers, scanners, and fax machines. • Ability to communicate effectively both verbally and in writing • Ability to organize and prioritize workload and meet deadlines • Must be a team player and work constructively with fellow employees, sales partners, and management team. Education and/or Experience • High School graduate or equivalent. • Three (3) to five (5) years purchasing closed Correspondent and/or Funding experience. • Knowledge of TRID, RESPA, TILA and Compliance document review experience. • Computer literate with experience using Microsoft Applications (Word, Excel) with mortgage industry standard. • Ability to compile and analyze data. • Experience working in a paperless environment. • Knowledge of DocMagic and other document vendors experience a plus. • Document drawing experience a plus Language Skills Ability to read and comprehend simple instructions, short correspondence, and memos . Ability to write simple correspondence . Ability to effectively present information in one-on-one and small group situations to customers, clients, and other employees of the organization. Mathematical Skills Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals . Ability to compute rate, ratio, and percent and to draw and interpret bar graphs. Reasoning Ability Ability to apply common sense understanding to carry out detailed instructions . Ability to deal with problems involving a few concrete variables in standardized situations. Computer Skills A dvanced knowledge of Microsoft Office applications (Word, Excel, Outlook, etc ). Physical Demands The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job . Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this Job, the employee is regularly required to use hands to finger, handle, or feel; reach with hands and arms and talk or hear . The employee is frequently required to walk and sit . The employee is occasionally required to stand . The employee must occasionally lift and/or move up to 25 pounds . Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus. Always practice good judgment and refer to the safety guidelines. Benefits Our benefit offerings include: Medical, dental, vision, wellness programs, EAP counseling services, FSA & HSA, company sponsored life insurance for employee, voluntary life insurance for employee, spouse and child, AD&D Insurance, voluntary short-term and long-term disability, critical illness insurance, accident insurance, legal assistance, pet insurance, living will and trust preparation discounts, commuter program, annual walking challenge, employee appreciation events and monthly sales awards. At Acra Lending, we were founded with a clear purpose: to specialize in alternative income loan products that help borrowers qualify for our flexible loan programs. We operate in 39 States, out of nine offices in Arizona, California, Florida, Georgia, Hawaii, Missouri, Nevada, Texas, and Utah along with a growing team of remote professionals across the country.   Throughout the mortgage industry, Acra Lending is widely known for responsible lending practices, product innovation and operational efficiency.  The foundation of our Company is built on helping our customers by providing Non-QM mortgage solutions for today’s borrower in residential and commercial properties across America. Our Leadership team will encourage you to grow, make time to have fun, and work together to make great things happen. We embrace the strengths and values of each team member. We believe in having diverse perspectives where everyone is included, to serve customers from all walks of life.  We reward our employees with a competitive salary and a variety of benefits to help our team members reach their health, retirement, and professional goals along with an exceptional 401k match program.  We look forward to meeting you!