Vice President Mortgage Collateral

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

Benefits offered by this job

Healthcare plans

401(k) match

Employee discounts

Educational reimbursement

Community foundation support

Job summary

Carrington Mortgage Services, LLC in Orange, CA is seeking a Mortgage Collateral Vice President to lead teams responsible for collateral integrity and documentation, supplier coordination, and compliance with investor rules. The role reports to senior management and requires extensive industry knowledge and leadership to drive policy, process, and reporting.

This onsite role offers a target pay range of $150,000–$170,000 plus an annual bonus, plus comprehensive benefits and professional

Qualifications

• Bachelor’s degree in related field or equivalent work experience.
• Ten years’ banking/finance experience with collateral focus.
• Five years’ collateral experience for residential mortgage loans.
• Three+ years in management capacity and senior stakeholder interaction.
• Knowledge of GSE pool certification, loan sales, and custody-of-title rules.

Responsibilities

• Lead recruitment, hiring and development of a high performing team.
• Oversee GSE pooled acquisition portfolios and final pool certification.
• Manage collateral for Re-Pool of loans and due diligence for investor sales.
• Ensure collateral document compliance when loans are purchased from pools.
• Establish relationships with collateral vendors and document custodian.
• Develop and validate eNote processes in CMS initiatives.

Skills

Team leadership

Collateral knowledge

Senior management liaison

Project guidance

MS Office

Education

Bachelor’s degree in related field

Tools

Microsoft Office

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 custodian

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 Marketin

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 activities 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!

Our Company: Carrington Mortgage Services is 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. Plus, a discretionary 401(k) match of 50% of the first 4% of pay contribution.
• 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.