Vice President Mortgage Collateral

Carrington Holding Company, LLC; Orange (CA); On-site; USD 150,000 - 170,000; Full time

Benefits offered by this job

Comprehensive healthcare plans

401(k) match

Employee referral bonuses

Job summary

Carrington Holding Company, LLC is seeking a Mortgage Collateral Vice President to lead various departments in Orange, CA. You will be responsible for developing policies, ensuring compliance, and overseeing the management of collateral documents.

The ideal candidate has at least 10 years of banking or finance experience and 5 years in collateral-related activities. We offer comprehensive healthcare plans, a 401(k) match, and career advancement programs.

Qualifications

• 10 years experience in banking, finance, loan servicing or related industry.
• 5 years experience in collateral-related activities for residential mortgage loans.
• 3+ years in management capacity.

Responsibilities

• Lead recruitment, hiring, and development for a high-performing team.
• Oversee management of GSE pooled acquisition portfolios.
• Ensure compliance for collection of collateral documents.

Skills

Knowledge of mortgage loan collateral document requirements

Management experience

Strong communication skills

Understanding of GSE pool certification

Education

Bachelor’s degree in related field

Tools

Microsoft Office Suite

Job description

Come join our amazing team and work in our office in Orange, CA! The Mortgage Collateral Vice President will lead various departments and teams responsible for ensuring integrity, safety and retention of CMS collateral and original documents on behalf of CMS and our investors. The role will develop and maintain policies, procedures, systems, processes, and reporting in accordance with document custodian, industry and investor rules and guidelines, and all applicable laws and regulations. The target pay range for this position is $150,000-$170,000 plus annual bonus.

Carrington Mortgage Services is part of The Carrington Companies, providing integrated, full‑lifecycle mortgage loan servicing assistance to borrowers and investors, delivering exceptional customer care and programs that support borrowers and their home‑ownership experience.

What You’ll Do

• Lead the recruitment, hiring and development of people to build and motivate a high‑performing team.
• Oversee the management of GSE pooled acquisition portfolios and final pool certification.
• Lead the team in the collateral needs for Re‑Pool of loans, including document defect curative.
• Lead the collateral needs for Investor sale transactions on non‑pooled loans, including due diligence.
• Ensure compliance for collection of collateral documents when loans are purchased from a loan pool.
• Establish and maintain professional and effective relationships with collateral vendors, including document custodians.
• Responsible for establishing an eNote process in support of CMS’s strategic initiative: process, reporting, policy & procedure, audit, and QC program.
• Maintain subject‑matter expertise to direct resolution of complex collateral issues while providing training and guidance to the team.
• Establish and maintain working relationships with Capital Markets, Treasury, and Secondary Marketing.
• Ensure that all policies, procedures, and training materials are defined and validated annually.
• Oversee annual validation of all systems utilized to ensure maximum execution and compliance with requirements.
• Responsible for development and generation of control and pipeline reports at the aggregate and individual loan level to ensure productivity and quality objectives are achieved or exceeded.
• Provide oversight and reporting to ensure compliance with defined service‑level agreements, standards, and resolution of any identified deficiencies.

What You’ll Need

• Bachelor’s degree in a related field or equivalent work experience.
• Ten (10) years’ experience in banking, finance, loan servicing or related industry.
• Five (5) years’ experience in collateral‑related activities for residential mortgage loans.
• Three (3)+ years in management capacity.
• Strong knowledge of mortgage loan collateral document requirements for GSE pool certification, loan sales, custodial chain of title, and curative work for mortgage loan documents.
• Knowledge of relevant and industry‑specific computer software packages at an intermediate level.
• Working knowledge of Microsoft Office Suite (Word, Excel, Outlook, etc.).
• Ability to interact with Senior Management as an advisor on projects and to act as the company’s principal spokesperson in area of expertise.

This is an onsite position in our office in Orange, CA.

What We Offer

• Comprehensive healthcare plans for you and your family.
• Discretionary 401(k) match of 50% of the first 4% of pay contributed.
• Access to discounts for fitness, restaurants, retail, and more through our employee portal.
• Customized training programs to help you advance your career.
• Employee referral bonuses.
• Educational reimbursement.
• The Carrington Charitable Foundation contributes to community causes; learn more at carringtoncf.org.