Loan Purchase Specialist

About the Position

Loan Purchase Specialist

In Office - Irving, Texas

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.

Responsibilities

• 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

Requirements

• 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

Core Competencies

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

We Offer

• Competitive compensation
• Comprehensive benefits program
• Opportunities for professional growth and development
• Supportive and inclusive work environment

About the Company

Cognizant (Nasdaq: CTSH) is an AI Builder and technology services provider, bridging the gap between AI investment and enterprise value by building full-stack AI solutions for our clients. Our deep industry, process and engineering expertise enables us to build an organization’s unique context into technology systems that amplify human potential, drive tangible outcomes and keep global enterprises ahead in a fast-changing world. See how at cognizant.ai or follow us on Twitter.

Additional employment information

Compensation information is accurate as of the date of this posting. Cognizant reserves the right to modify this information at any time, subject to applicable law.

Applicants may be required to attend interviews in person or by video conference. In addition, candidates may be required to present their current state or government issued ID during each interview.

Cognizant is an equal opportunity employer. Your application and candidacy will not be considered based on race, color, sex, religion, creed, sexual orientation, gender identity, national origin, disability, genetic information, pregnancy, veteran status or any other characteristic protected by federal, state or local laws.

If you have a disability that requires reasonable accommodation to search for a job opening or submit an application, please email [email protected] with your request and contact information.

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