Job Details
Position Overview
- Responsible for primary relationship management with investors and sellers; establishing timelines for due diligence review and settlement deliverables
- Act as liaison between sellers, investors and internal business stakeholders such as traders, legal counsel, quant team, accounting, treasury and servicing departments
- Work with Trading Desk, accounting, legal and Trade Support to facilitate purchase and sale of assets
- Normalize reporting across sellers and monitor accuracy of data
- Create and oversee infrastructure designed to acquire assets, report and manage risk
- Suggest and oversee improvements in technologies and efficiencies used to during due diligence and post-closing activities
- Take a leading role in creating and managing the architecture of our third party mandate infrastructure, including being a primary point of contact for project management teams
- Oversee timely and accurate reconciliation of loan files
- Work with middle office to manage asset-backed lending facilities including review and verification of periodic funding/payment date reports, facilitating draw requests and compliance with transaction triggers and covenants
- Coordinate with internal stakeholders including accounting, operations, and back office in setting up new investments and reporting
- Take a senior role in managing FHLB mortgage lending relationship
- Take an active role in marketing and creation of pitch books and internal presentations
- Oversee third party servicers and due diligence/servicing managers including:
- Monitor due diligence process to ensure adequate and timely resolution of investor's conditions and exceptions
- Ensuring that servicers have appropriate accounts set up and reconcile to allocations
- Providing appropriate wire instructions by account
- Making sure live loan reporting is occurring and data requests are accommodated
- Aggregation of monthly remittance reports
- Coordinate servicing transfers
- Loss mitigation supervision
- Oversee sollateral management including:
- Coordinate collateral due diligence process prior to acquisition
- Facilitate resolution of trailing documents with Seller and Custodian
- Work with counterparties and monitor trailing documents and repurchase deadlines
- Coordinate obtaining final assignments and endorsements from Sellers
- Oversee third party document custodians
- Ensure loans are on appropriate shelfs at custodian
- Facilitate collateral movement for asset purchases/sales, including pledging collateral for FHLB borrowings
- Comply with audit requests
- Manage collateral remediation process
- MERS coordination and reconciliation
- Oversee vendors tracking of trailing documents, obligations, and claims
- Ensure appropriate diligence images are retained and readily accessible
- Coordinate monthly pricing process
- Coordinate and track post-closing asset level legal notices and ensure satisfactory resolution
- Interface with various internal systems to create ad hoc reporting
- Tie-out final funding population with investors and facilitate the settlement process including the repricing of the trade, execution of closing documentation, reviewing the funding schedule for accuracy, compiling mortgage loan schedule data, and communicating settlement funds to warehouse lenders and the treasury department
Qualifications & Experience- Bachelor's degree from a top tier university
- Ten or more years work experience in residential mortgage finance and asset management
- Both general and front-line knowledge of real estate finance, investments, economics, law, real estate related documents, insurance, and accounting principles
- Ability to manage multiple projects simultaneously and work independently
- Excel and PowerPoint proficiency
- MERS
- Experience with SQL is preferred
- Strong analytical and critical thinking skills with the demonstrated ability to meet deadlines and perform in a high-stress, fast-paced environment
- Attention to detail and accuracy
Pay Range225,000-300000
The base salary range for this position is listed above. This position is also eligible for a discretionary annual bonus based on personal, team, and Firm performance. Compensation ranges are based on several factors including job function, level, and geographic location. Final offer amounts are determined by multiple factors including candidate experience and expertise, and may vary from the amounts listed here.