Records Retention Specialist

Job Summary: 

The Record Retention Specialist is responsible for managing and processing all trailing documents received from the office or correspondent lenders. This role includes reviewing insuring documents for accuracy and ensuring all collateral packages are properly reviewed and shipped to our document custodian. Employees of The Money Source Inc. are expected to consistently deliver quality customer service and uphold the highest ethical standards in serving our clients.

Duties and Responsibilities:

• Document Review & Processing: Monitor the record retention inbox daily      for document deliveries. Review recorded mortgages, title reports, and      recorded loan modification agreements. Submit these documents to our final      document vendor and Document Custodian for comprehensive review.
• Document Management: Scan and upload trailing documents,      including but not limited to recorded mortgages and title policies.      Prepare shipments to either our vendor or custodian.
• Daily Document Processing: Receive and process all loan insuring      documents daily. Enter received dates in the LOS for all insuring      documents.
• Insuring Documents Requests: Request insuring documents from lenders      for uninsured loans not received within 60 days of loan purchase.
• Loan Transfers: Conduct holder/servicer transfers for      Correspondent loans and request transfers from lenders for aged loans.      Verify that MI certificates have been activated and transferred for      Correspondent loans.
• Communication: Generate and upload Notice of Sale      Letters daily. Maintain constant communication with our correspondent      lenders to resolve any issues regarding document deliveries or necessary      corrections.
• Exception Resolution: Review and resolve all      Custodian Final Exceptions Report daily. 
• Investor Reporting: Monitor      and Reconcile all GNMA reports on a daily and monthly basis. Final      Certification of pool, extension request for aged pools and clearing GNMA      reporting errors.

Minimum Daily Production Standard

TBD

Reporting Relationships:

Direction Received: Receives general guidance and direction from the AVP of Post Closing Operations

Working Conditions:

Melville, NY

Status for timekeeping requirements: 

Non-exempt time sheet for tracking of hours worked.