Summit Funding, Inc.
Summit Funding, Inc. is more than just a mortgage company. We are a group of individuals with a common goal to be our best and encourage all others around us to do the same. Armed with our yes you can mindset, we empower our partners, clients, and employees to achieve new heights both in our industry and beyond. Since founding Summit Funding in 1995, Todd Scrima has built the company to what it is today, a Top 30 Mortgage Lender nationwide with over 80 locations and over 300 loan originators.
501 - 1000 employees
Senior Suspense Analyst – Conforming and Non-QM Products
Job not on LinkedIn
November 26
Summit Funding, Inc.
Summit Funding, Inc. is more than just a mortgage company. We are a group of individuals with a common goal to be our best and encourage all others around us to do the same. Armed with our yes you can mindset, we empower our partners, clients, and employees to achieve new heights both in our industry and beyond. Since founding Summit Funding in 1995, Todd Scrima has built the company to what it is today, a Top 30 Mortgage Lender nationwide with over 80 locations and over 300 loan originators.
501 - 1000 employees
📋 Description
• The Senior Suspense Analyst is responsible for reviewing, tracking, and resolving outstanding documentation or conditions required to finalize post-closing, complete investor delivery, and facilitate loan purchase processes. • This role monitors suspense items issued by investors, agencies, and internal quality control teams, investigates root causes, and collaborates with closing, underwriting, and post-closing teams, as well as internal and external partners, to obtain missing information or correct deficiencies. • The analyst maintains accurate logs of all suspense conditions, updates system notes in real-time, and ensures that suspense items are cleared within the required investor timelines to prevent penalties or purchase delays. • The position requires strong knowledge of mortgage documents, closing packages, compliance requirements, and investor guidelines. • Successful Suspense Analysts communicate clearly with internal partners and third-party companies, escalate issues when needed, and help identify recurring patterns to improve workflow and reduce future suspense rates. • Additionally, the Senior Suspense Analyst serves as a liaison and point of contact for Summit with TPR firms and investors, ensuring timely resolution of suspense items and managing complex processes such as holdback releases, including 203k loans, while maintaining strong communication with branches, contractors, and escrow.
🎯 Requirements
• Five+ years of current or recent experience (within the last 12 months) in a mortgage post-closing operations role, with a strong focus on Non-QM loans. • 2 years in a senior or specialized analyst role. • Familiarity with DU/DO, LP, and investor websites. • Proficiency in Loan Origination Systems (Encompass preferred) • Proficiency in Microsoft Office suite: Word, Excel, Outlook, Collaborative Messaging (Teams), • Proven experience in complex problem-solving and analytical skills. • Proven ability to work independently and in team settings. • Proven experience with detail-oriented, organized work and the ability to prioritize effectively. • Proven dependability, self-motivation, a positive attitude, and adaptability.
🏖️ Benefits
• Opportunity to further a career in a competitive, fast-paced growing industry where you can make a difference in people’s lives. • Opportunity to earn competitive compensation. • Full benefits include medical, dental, vision, 401K plus match, 11 paid holidays, paid time off, and more. • Fun team atmosphere, professional development, and more.
Apply Now