Onsite Collateral Analyst

Socket.dev; Orange (CA); On-site; USD 79,401,000 - 96,432,000; Full time

Job summary

Carrington Mortgage Services in Orange, CA is seeking a Collateral Analyst to manage collateral file reporting, analyze collateral status, and mitigate risk across multiple custodians. The role requires 2+ years of collateral-related experience and a Bachelor’s degree or equivalent work experience.

The position is onsite in Orange, CA, with responsibilities including exception resolution, data processing, and reporting to senior management.

Qualifications

• Bachelor’s degree or equivalent work experience.
• 2+ years related experience in collateral, report development, data analysis, mortgage loss mitigation.
• This is an onsite position in Orange, CA.

Responsibilities

• Audit loan level collateral file documentation, exceptions, and inventory across custodians.
• Independently resolve and/or correct collateral exceptions.
• Act as point of contact for pool and collateral level exception resolution.
• Provide training support to team and business processes.
• Track and monitor file location and movement using database systems.
• Coordinate with custodians, vendors, and clients to ensure timely reconciliation of cases.

Skills

Data analysis

Collateral experience

Mortgage knowledge

Education

Bachelor’s degree

Tools

Excel

Visio

Job description

Come join our amazing team and work in our Orange, CA office!

The Collateral Analyst will be responsible for collateral file reporting with all custodians of record as well as ensuring the accuracy of reporting for all collateral related data used for business purposes. Use multiple sources of data, systems, and tools to analyze collateral status and documentation, satisfy collateral exceptions, mitigate risk, and independently manage an assigned pipeline of work, while employing prescribed processes. 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 pay for this position is 27.71 an hour.

What you'll do:

• Perform audits of loan level collateral file documentation, exceptions, and inventory across multiple custodians of record through the analysis and reconciliation of documents, reports, and internal tracking systems.
• Independently resolve and/or correct exceptions related to missing, incorrect, unrecorded, illegible, damaged, or otherwise unusable documents required in a mortgage collateral file.
• Act as point of contact and escalation for pool and collateral level exception resolution.
• Provide training support to team and business process.
• Track and monitor file location and movement using database systems.
• Familiar with MERS registered loans and effect on Assignment chain.
• Utilize Microsoft tools such as Excel and Visio for data analysis, reporting, and process flows.
• Employ the highest levels of collateral documentation expertise to execute against business strategy, ensuring production objectives are achieved within the desired timeframe and risk tolerances.
• Apply a high degree of initiative-taking and resourcefulness to satisfy exceptions through various forms of documentation and/or data, within a specified timeframe.
• Analyze assigned body of work for initial, final, and/or recertification of pools.
• Create, manage, and maintain required daily, weekly, and monthly status reporting of assigned pools, collateral files, exceptions, collateral location, collateral movement, and pipeline.
• Prepares, organizes, maintains, and analyzes data for reporting to senior management on assigned pipeline, projects, and business processes.
• Perform analysis of reporting data for on-site inventory of collateral files and trailing documents.
• Work closely with custodians, vendors, and clients to ensure accurate and timely reconciliation of exceptions, data, initial certification, final certification, and/or recertification of pools, while providing the highest levels of service.
• Create and maintain documentation of processes, reports, applications, and procedures as per department policy.

What you'll need:

• Bachelor’s degree or equivalent work experience.
• Two (2) or more years related experience in collateral, report development, data analysis, mortgage loss mitigation, and/or curing documentation.
• Title Curative, Final certification and re-pooling experience a plus.
• This is an onsite position in Orange, CA.

Our Company:

Carrington Mortgage Servicesis part of The Carrington Companies,which provide integrated, full-lifecycle mortgage loan servicing assistance to borrowers and investors, delivering exceptional customer care and programs that support borrowers and their homeownership experience. We hope you’ll consider joining our growing team of uniquely talented professionals as we transform residential real estate. To read more visit: www.carringtonmortgage.com.

What We Offer:

• Comprehensive healthcare plans for you and your family.

• 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.

California Privacy Notice: https://oag.ca.gov/privacy/ccpa

Notice to all applicants: Carrington does not do interviews or make offers via text or chat.

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