No more applications are being accepted for this job
- Pulling critical collateral documents, such as original note, copy of deed/mortgage, trust agreements, power of attorney agreements, legal description, title work and closing disclosures to be shipped daily to warehouse banks.
- Process daily shipping of collateral to various warehouse banks.
- Issue instructions to warehouse banks to forward collateral received to investors as loans are allocated.
- Review and clear exceptions with warehouse banks to ensure collateral is received and processed promptly to the investors.
- Review daily report on outstanding notes not received and place calls to settlement/escrow agents to obtain the documents within specific timeframes to meet warehouse turn times.
- Maintains current knowledge of policies and procedures as they relate to documents and warehouse banks.
- Maintains familiarity with residential mortgage documents.
- Works directly with Shipping and Post-Closing
- Perform other duties as assigned
- Critical thinking and problem-solving skills Planning and organizing
- Decision-making Communication skills
- Persuasiveness Influencing and leading
- Delegation Teamwork
- Negotiation Conflict management
- Adaptability Stress tolerance
- Education/Experience:
- Degree: High School Diploma or Equivalent. Encompass experience preferred. 3+ years prior experience preferred.
Collateral Specialist - Boca Raton, United States - Hire Velocity
Description
Job Title: Collateral Specialist
Reports To: Director of Acquisitions
Department: Post-Closing
Job Summary:
Collateral Specialist will be responsible for completing functions related to the closing of loan applications. Imaging and preparing collateral to be sent to specific Warehouse Banks ensuring to meet their guidelines. This includes performing services requiring interaction and communication with Warehouse Banks, Loan Closers, and Accounting Department regarding loan file status. Additional responsibilities may be added.
Duties and Responsibilities include the following. Other duties may be assigned.
Skills: