Mortgage Loan Repurchase Manager

Job not on LinkedIn

🔥 12 hours ago

🤠 Texas – Remote

🤠 Texas – Remote

⏰ Full Time

🟠 Senior

🔴 Lead

👔 Manager

👻 Ghost score 10%

What it means: how likely this posting is sitting open without active hiring.How to read it: 60% or higher means we think this is a ghost. Lower scores are less of a worry.How we score it: age, reposts, open roles vs team size, how fast jobs close, and whether pay is listed.Fine print: an estimate from public data, not a judgment of the company. Real jobs can score high, so treat it as a hint, not a fact.

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Cornerstone Capital Bank

WebsiteLinkedInAll Job Openings

51 - 200 employees

🏦 Banking

💸 Finance

Banking • Finance

Cornerstone Capital Bank is a community-focused national bank formed by the merger of Cornerstone Home Lending and Roscoe Bank that provides mortgage origination and servicing, personal and commercial banking, and institutional treasury and liquidity services. The bank emphasizes customer service, stability, and digital convenience, offering fee-free deposit accounts, national ATM access, wire and ACH transfers, and integrated mobile banking alongside personalized, one-on-one financial support. It serves consumers, businesses, and other financial institutions with a broad suite of banking and home-lending products.

📋 Description

• Lead the strategy, administration, and resolution of mortgage repurchase and indemnification requests • Review, analyze, and rebut repurchase demands from investors, GSEs, and agencies including Fannie Mae, Freddie Mac, HUD, and VA • Review, analyze, and rebut mortgage insurance rescission demands and appeal rescission notices • Independently manage the repurchase demand pipeline and meet all demand appeal deadlines • Create and manage reports tracking loan losses, defect trends, and key metrics • Manage EPD requests, request payments, and determine default trends and causes • Manage relationships with investors, GSEs, mortgage insurers, and warehouse lenders • Conduct deep-dive audits of underwriting, closing, and servicing files • Draft formal rebuttals and negotiate settlements or alternative resolutions with investors • Negotiate Repurchase Alternatives and conduct Impasse calls when available • Partner with capital markets, legal, underwriting, sales, quality control, servicing, and finance/accounting teams on remediation, accountability, action plans, and training opportunities • Request repurchase funds and facilitate the return of collateral and transfer of servicing after funds are received • Monitor repurchase trends, identify root causes, drive corrective actions, recommend process improvements, enhance controls, and support enterprise risk management objectives

🎯 Requirements

• High School Diploma / GED Required • 8+ years of experience in mortgage banking, focusing heavily on quality control, secondary marketing, underwriting, or repurchase management • Deep familiarity and daily interaction with Fannie Mae/Freddie Mac guidelines, HUD/VA requirements, and TRID/RESPA compliance standards • Advanced ability to trace loan defects, complete a forensic loan analysis, and reverse underwrite to determine operational root causes and trends • Ability to read complex mortgage contracts and rep and warranty recourse agreements • Exceptional written and verbal skills for formal appeal letters and high-stakes financial negotiations • Experience with Loan Origination Systems (LOS) like Empower, investor reporting tools, and Microsoft Excel • Strong analytical, negotiation, and leadership skills • Expertise in mortgage origination and servicing practices, investor guidelines, regulatory requirements, and quality assurance principles

🏖️ Benefits

• Medical benefits • Dental benefits • Vision benefits • Accidental Death benefits • Long-Term Disability benefits • Short-Term Disability benefits • Flexible Spending Account (FSA) • Health Savings Account (HSA) • 401(k) • Basic Life insurance • Voluntary Life insurance • Paid Parental Leave • Performance based bonus based on position and department • Company investment in team member development