Collateral Analyst

dfhextcareersite; Jacksonville (FL); On-site; USD 60,000 - 85,000; Full time

Job summary

dfhextcareersite is seeking a Collateral Auditor to ensure bankable collateral loan documents are delivered timely to warehouse banks and custodians in line with warehouse and investor guidelines. The role involves auditing closed mortgage loan files, validating imaged collateral documents and loan data, and correcting issues to prevent denials.

Occasional overtime may be required, with collaboration across origination teams, title companies and warehouse vendors.

Qualifications

• Knowledge of mortgage terminology and documents.
• Strong organizational and written/verbal communication skills.
• Ability to work in a fast-paced, repetitive role with high quality.
• Excellent attention to detail and cognitive skills.
• Experience with Encompass operating system is a plus.
• Loan Closing background is a plus.
• Basic knowledge of warehouse lending is a plus.

Responsibilities

• Deliver closed mortgage loan files daily to warehouse banks/custodians.
• Audit imaged collateral documents and loan data for accuracy.
• Identify and correct issues to prevent denials by warehouse banks and investors.
• Collaborate with origination teams, title companies and warehouse vendors.

Skills

Mortgage terms

Communication skills

Fast-paced

Attention to detail

Encompass

Closing experience

Warehouse lending

Tools

Encompass

Job description

The Collateral Analyst position ensures clear, bankable collateral loan documents are delivered timely to the warehouse bank/custodian according to warehouse and investor guidelines.

As closed mortgage loan files are delivered daily and scanned into the system, the auditor would then validate the imaged collateral documents and other loan data using the department checklist to determine accuracy as well as completeness. This individual would be required to identify and correct any issues, as instructed by the title company and/or county officials, to prevent denial by the warehouse banks and investors.

This position would also require occasional overtime to meet high volume demands and deadlines. It would involve working and communicating closely with individuals from the origination teams, title companies and warehouse vendors.

The ideal Collateral Auditor candidate should possess the following qualities/skills:

• Knowledge of mortgage terminology and documents
• Strong organizational and communication skills (written and verbal)
• Ability to work in a highly repetitive job function at a fast pace, without sacrificing quality
• Strong attention to detail and cognitive skills
• Experience with Encompass operating system, a plus.
• Loan Closing (Closer) background experience, a plus.
• Basic knowledge of warehouse lending, a plus.