Collateral Analyst

Redwood Trust, Inc.; Englewood (CO); On-site; USD 55,000 - 70,000; Full time

Benefits offered by this job

Bonus program

Health plans

STD/LTD

Life insurance

Fitness reimbursement

Parental leave

Paid time off

ESPP

401K matching

Job summary

Redwood Trust, Inc. is seeking a Collateral Analyst to verify mortgage loan documents and support risk mitigation in Post Purchase Operations. You will work with management to resolve collateral exceptions and interact with Transaction Management, Sellers, and Conversions.

Responsibilities include reviewing collateral on loans, clearing issues, managing custodian relationships, and producing ad hoc reports. Strong organizational skills and mortgage document knowledge are essential.

Qualifications

• Strong organizing and time management skills.
• Proficiency with Excel/Word.
• Ability to adapt to a fast-paced environment.
• Excellent interpersonal and written/oral communication.

Responsibilities

• Perform collateral review of purchased/sold loans.
• Clear or cure collateral issues with management.
• Manage custody and delivery of collateral files to investors or sellers.
• Coordinate with custodians and manage collateral documents.

Skills

Organizational skills

Time management

Interpersonal communication

Excel proficiency

Education

College education

Tools

Excel

Word

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Position Summary

The Collateral Analyst plays a critical role in risk mitigation within the Post Purchase Operations department by performing due diligence to verify the accuracy and completeness of mortgage loan documents received. The analyst works closely with management to ensure quality and timely resolution of collateral exceptions and other responsibilities as assigned. This role has a certain level of interaction with internal and external parties (Transaction Management, Sellers, and Conversions).

Responsibilities & Duties

• Responsible for the collateral review process on purchased/sold loans


• Assist in clearing or curing collateral issues on purchased/sold loans


• Assist in managing the relationship with custodians


• Manage the custody of collateral files at the custodian


• Manage the release of collateral files


• Manage the delivery of collateral documents to investors, purchasers, or sellers


• Identify collateral issues and escalat[e] to Manager on a timely basis


• Perform daily/monthly reconciliation of documents


• Manage any reports received from internal and external parties


• Develop and maintain policy and procedures


• Create and distribute various ad hoc reports, as needed


• Perform MERS portfolio reconciliation and remediation, as needed

Required Experience & Education

• 1-3+ years in mortgage industry or a combination of relevant work experience and college education


• Knowledge of mortgage loan documents


• Strong organizing and time management skills
  
• Must be able to adapt well to a fast paced and constantly changing business environment


• Strong interpersonal and communication skills, both written and oral


• Proficiency with Excel/Word


• Experience with loan document management, or other mortgage-related processing systems


• Must be able to handle multiple tasks and manage workload independently

A reasonable estimate of the base compensation range for this role is $55,000-$70,000. The actual salary offer to the successful candidate will be based on job-related education, geographic location, training, licensure and certification, and other factors. Redwood also offers a competitive benefit package including discretionary corporate bonus program, multiple health plans, STD and LTD options, company sponsored life insurance, fitness reimbursement, paid parental leave, time to volunteer, Paid Time off, ESPP, and 401K matching. At Redwood Trust, we are committed to fostering an inclusive workplace where diversity is valued, and everyone has the opportunity thrive. We welcome applications from individuals of all backgrounds and experiences. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.