Sr. Mortgage Collateral Specialist (Warehouse Banking)

Agility360; Phoenix (AZ); On-site; USD 85,000 - 110,000; Full time

Benefits offered by this job

Medical and Dental insurance

Paid Time Off

401k matching program

Tuition Assistance Program

Employee Volunteer Program

Wellness Program

Job summary

A leading financial services provider is seeking a Sr. Mortgage Collateral Specialist in Phoenix, AZ. This permanent role entails managing mortgage whole loan transactions, interacting with third-party vendors, and utilizing strong spreadsheet skills. Candidates should have over 3 years of mortgage operations experience. The position offers competitive pay based on experience, along with benefits such as medical insurance, 401k matching, and paid time off.

Qualifications

• 3+ years of experience in mortgage operations.
• Experience with small defects (Scratch & Dent) is favorable.
• Knowledge of credit and compliance conditions is a plus.
• Proficiency with MERS and servicing-transfer coordination required.

Responsibilities

• Interact with counterparties in mortgage loans purchases and sales.
• Coordinate servicing transfers and review document reporting.
• Manage assigned loan pipeline to meet deadlines.
• Work with customers and investors to clear conditions for loan purchases and sales.
• Review collateral, trailing documents, and custodian reports; support servicing transfers.
• Act as primary MERS system user for out-of-scope assets and drive process improvements.
• Manage loan pipeline to meet deadlines and serve as the customer liaison to ensure expectations are met.

Skills

Mortgage operations experience

Strong spreadsheet skills

Attention to detail

Problem-solving skills

Interpersonal communication skills

Education

College degree preferred

Tools

MERS

Servicing transfer coordination

Document custodian report review

Collateral review

Collateral tracking

Job description

Sr. Mortgage Collateral Specialist (Warehouse Banking)

Agility 360 is searching for experienced Sr. Mortgage Collateral Specialist for a permanent position with our established Banking client in the Phoenix, AZ. The Sr. Mortgage Collateral specialist is responsible for coordinating the operational aspects for an assigned pipeline of mortgage whole loan transactions, which will often be the larger and more complex transactions. Interacting with 3rd party diligence firms, and work closely with counterparties to clear conditions on loans for purchase or sale. Review collateral, trailing docs and custodian reports as needed. Direct servicing transfers and MERS updates. Act as subject matter expert for assignment of mortgages outside of MERS. Utilize strong spreadsheet skills to streamline the operations of the mortgage purchase team.

Job Responsibilities:

• Interact with counterparties in the operational aspects of mortgage loans purchases and sales, which will often be the larger and more complex transaction.
• Interact with 3rd party Due Diligence vendors that review mortgage loans for the bank.
• Utilize knowledge of underwriting to help resolve conditions. Previous experience as an underwriter will be favorably considered.
• Work closely with customers to clear conditions needed to purchase loans. Work closely with investors to clear conditions on loan sales by the bank.
• Review collateral, trailing documents, and reporting from document custodians.
• Coordinate servicing transfers.
• Act as a primary MERS system user and subject matter expert for AOMs outside of MERS.
• Manage assigned loan pipeline to ensure deadlines are met.
• Serve as customer liaison to ensure customer expectations are met, service standards are adhered to, and issues are elevated and resolved in a timely manner.
• Utilize strong excel/spreadsheet skills to streamline operations.

Experience:

• 3+ years of experience in mortgage operations (processing, underwriting, closing, post-closing, or mortgage whole loan trading operations).
• Past experience with mortgage loans that have small defects (Scratch & Dent) will be favorably considered.
• Ideal candidate has experience in the operational aspects of mortgage whole loan transactions.
• Knowledge of credit, compliance, and collateral conditions that are commonly found on TPR securitization reports is a plus.
• Proficiency in: MERS, servicing transfer coordination, document custodian report review, collateral review and collateral tracking.
• Attention to detail.
• Strong oral, written, and interpersonal communication skills.
• Strong spreadsheet skills
• College degree preferred, but not required.
• Self-starter, self-reliant, dependable, ability to work within and meet specific time constraints. Ability to take ownership of items and see them thru to completion.
• Comfortable in a fast-paced work environment.
• Strong problem-solving skills.

Job Details:

• Permanent role with an established Bank/Lender
• Location: Phoenix, AZ metroplex, In-Office
• Pay range: Based on experience
• Benefits:
  • Medical and Dental insurance, Paid Time Off, A Great 401k matching program, Tuition Assistance Program, Employee Volunteer Program, and a Wellness Program.
• Employment is contingent on passing a background check and drug screening