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

Educational reimbursement

Employee discounts

Job summary

Carrington Mortgage Services in Orange, CA seeks a Mortgage Collateral Vice President to lead multiple teams ensuring integrity and retention of collateral and original documents for CMS and investors. Policy development, process optimization, and reporting are central to the role, with a target pay range of $150,000-$170,000 plus annual bonus.

You will recruit and develop talent, oversee GSE pooled acquisitions, manage collateral for loan re-pools and investor sales, and ensure timely

Qualifications

• Bachelor’s degree 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+) years in management capacity.
• Strong knowledge of mortgage collateral document requirements for GSE Pool certification, loan sales, custodial chain of title and curative work.

Responsibilities

• Lead recruitment, hiring and development of people to build a high performing team.
• Oversee management of GSE pooled acquisition portfolios and final pool certification.
• Lead collateral needs for Re-Pool of loans and document defect curative.
• Oversee 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.
• Maintain relationships with collateral vendors and document custodians.
• Establish eNote process in support of CMS strategic initiative: process, reporting, audit and QC.
• Direct resolution of complex collateral issues and train the team.
• Coordinate with Capital Markets, Treasury and Secondary Marketing.

Skills

Leadership

Strategic planning

Stakeholder management

Communication

Education

Bachelor’s degree

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 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!

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. 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 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.

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