Rushmore Loan Management Services

  • Collateral Analyst, Transaction Management

    Job Locations US-TX-Dallas
    ID
    2018-2587
    # of Openings
    1
    Posted Date
    3 months ago(12/12/2018 6:25 PM)
    Category
    Transaction Management
  • Overview

     

    POSITION SUMMARY:

    Capital Markets Operations support for the Transaction Management Department, which manages the acquisition, sale, and securitization of whole loan, REO, and MSR assets. The functions of this position include transaction related due diligence and process management activities related to servicing, collateral, compliance, cashflow, title, and other applicable risk factors.  Additionally, the position will support Transaction Management with reconciliation of funding documentation, side schedule resolutions, and ongoing monitoring of overall portfolio collateral status.  Candidates must be able to manage multiple projects concurrently, willing to work in a very high pressure, fast paced environment, as well as display sound judgment and risk related decision-making.

    Responsibilities

    ESSENTIAL DUTIES AND RESPONSIBILITIES:

    • Support Transaction Manager and Vice President in the day-to-day work flow in conjunction with the whole loan, REO or MSR acquisitions, sales, finances, or securitizations of mortgage loan portfolios.
    • Coordinate, oversee, and report results of mortgage loan due diligence reviews of residential mortgage assets, including identification, as well as proactive mitigation of collateral related exceptions embodying collateral document reviews, note, mortgage, title, endorsement, and assignment chain reviews.
    • Minimizes financial risk exposure by actively identifying critical risk issues in trade related reviews prior to funding, escalating adverse findings and potential drops to Transaction Manager(s).
    • Review, understand, and act on resolution of post funding deliverables related to MLPA, side schedules, pending diligence orders, and special projects.
    • Report and track any identified issues until resolved including issuing reports identifying risk, material issues, and/or resolutions.
    • Mitigates risk by proactively communicating status of applicable milestones to other RMC departments and Senior Management.
    • Understand legal documents as they relate to custodial agreements, servicing agreements and financing vehicle specifications.
    • Assist with preparation, maintenance and completion of Transaction Management related project plans.
    • Provide support as directed on inquiries from other departments
    • Promote a professional image for RMC through communication with sellers, servicing entities and all applicable parties.
    • Meets both short term and long-term goals as defined by management.
    • Transaction related due diligence and process management activities related to servicing, collateral, compliance, cash flow, title, and other applicable risk factors.
    • Reconciliation of funding documentation, side schedule resolutions, and ongoing monitoring of overall portfolio collateral status.
    • Other duties as assigned.

    Qualifications

    ESSENTIAL KNOWLEDGE & SKILLS:

    • Knowledge of mortgage documentation, including origination, servicing, and applicable collateral documents.
    • Ability to work in a fast-paced environment with constantly varying and competing priorities.
    • Ability to effectively focus on a variety of tasks and to provide feedback with limited preparation
    • Strong oral/written communication skills with excellent time-management, organizational, and project planning skills are necessary (includes planning, presentation and prioritization ability)
    • Ability and confidence to make decisions independentlyProficient with MS Excel, including ability to compare reports/data from variety of locations (i.e. VLOOKUP and concatenate type formulas, formula building, pivots, formatting, etc.)
    • Must be able to accept ownership of related duties
    • Self-motivation required for accomplishing goal/project oriented work with minimal supervision
    • Mortgage experience with particular attention to research of collateral documents and default servicing is beneficial
    • Ability to effectively interact and communicate with all levels of management within the organization

     

    EDUCATION AND/OR EXPERIENCE:

    •  Bachelor’s Degree is required
    • Two (2) plus years’ collateral documentation experience preferred, with additional preference for any title/chain curative experience related to assets in either, US or Puerto Rico
    • Three (3) years’ or more experience within mortgage industry preferred

    MACHINES, OFFICE EQUIPMENT & SOFTWARE:

     

    •  Proficiency with Microsoft Office applications
    • MSP/LPS Desktop experience preferred
    • Ability to utilize Internet resources for public records research

     

    Options

    Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
    Share on your newsfeed