The Secondary Marketing Collateral Analyst is responsible for the delivery of collateral documents in accordance with master repurchase agreements, selling guidelines, contracts and/or mandatory commitments. This position is responsible for ensuring timely deliveries, as well as for investigating and resolving document and data discrepancies.
Essential Duties And Responsibilities:
• Responsible to receive and reconcile collateral documents from correspondent clients.
§ Responsible to review documents and images to ensure compliance with internal product requirements, GSE requirements, warehouse investor contracts and/or mandatory commitments.
• Responsible to Prepare and package collateral files for delivery to the document custodian.
• Communicate with upstream and downstream business partners on suggestions for process improvements as well as updating of loan-level data.
• Investigate and resolve document and data exceptions cited by investors/document custodians.
• Communicate with document custodian regarding shipping and delivery activity.
• Track and reconcile collateral status and exception reports.
• Provide reporting to internal departments and external sub-servicers.
• Assist department with special projects
• Handle special tasks as assigned by Lead as needed.
• Act in accordance with company guidelines, policies and procedures.
• Excellent verbal and written communication skills.
• Strong interpersonal and organizational skills and ability.
• Proficiency with MS Word and Excel.
• Ability to work under pressure in order to meet deadlines in a constantly changing environment.
Education And Experience:
• College degree preferred or 2 years equivalent experience in mortgage banking operations (i.e. Document Management, Document Custodian, Post Closing, etc.).
• Familiarity with current mortgage banking practices. Understanding of shipping and custodial processes and policies a plus.
• Ability to work overtime.
Physical Demands And Work Environment
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit and use hands to handle, touch or feel objects, tools, or controls. The employee frequently is required to talk and hear. The noise level in the work environment is usually moderate. The employee is occasionally required to stand; walk; reach with hands and arms. The employee is rarely required to stoop, kneel, crouch, or crawl. The employee must regularly lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, color vision, and the ability to adjust focus.