Vice President Mortgage Collateral

Carrington Holding Company; 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 is seeking a Mortgage Collateral Vice President to spearhead various departments in Orange, CA. You will ensure integrity, safety, and retention of CMS collateral and original documents, while developing vital policies and procedures.

The ideal candidate will have extensive experience in banking and loan servicing, demonstrated leadership capabilities, and a strong understanding of mortgage loan documents. This is an onsite position offering competitive health benefits and a culture of development.

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 of high performing team.
• Oversee management of GSE pooled acquisition portfolios.
• Ensure compliance for collection of collateral documents.

Skills

Leadership

Mortgage loan documentation

Compliance knowledge

Microsoft Office

Education

Bachelor’s degree or equivalent work experience

Tools

Mortgage software packages

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 needs for CMS collateral and original documents on behalf of CMS and our investors. Ensure this is done in accordance with Document Custodian, industry and investor rules and guidelines. Develop and maintain policies and procedures, systems, processes, and reporting. Perform all duties in accordance with the company’s policies and procedures, all US state and federal laws and regulations, wherein the company operates. The target pay range for this position is $150,000-$170,000 plus Annual Bonus.

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, this includes 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 relationship with collateral vendors, including document custodians.
• Responsible for the establishment of eNote process in support of CMS strategic initiative: process, reporting, P&P, 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 relationship 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 (SLAs), standards and resolution of any identified deficiencies.

What you'll need:

• Bachelor’s degree in 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 actives for residential mortgage loans.
• Three (3+) or more 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 of applications (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. Plus, a discretionary 401(k) match of 50% of the first 4% of pay contributed.
• Access to several fitness, restaurant, retail (and more!) discounts through our employee portal.
• Customized training programs to help you advance your career.
• Employee referral bonuses so you’ll get paid to help Carrington and Vylla grow.
• Educational Reimbursement.
• Carrington Charitable Foundation contributes to the community through causes that reflect the interests of Carrington Associates. For more information about Carrington Charitable Foundation, and the organizations and programs, it supports through specific fundraising efforts, please visit carringtoncf.org.