Collateral Analyst

Redwood Trust Inc•Englewood, CO

10h•$55,000 - $60,000

About The Position

The Collateral Analyst plays a critical role in risk mitigation within the Post Purchase Operations department by performing due diligence to verify the accuracy and completeness of mortgage loan documents received. The analyst works closely with management to ensure quality and timely resolution of collateral exceptions and other responsibilities as assigned. This role has a certain level of interaction with internal and external parties (Transaction Management, Sellers, and Conversions).

Requirements

High school diploma or equivalent
1-3+ years’ experience in the mortgage industry
Knowledge of mortgage loan documents
Strong organizing and time management skills
Must be able to adapt well to a fast paced and constantly changing business environment
Strong interpersonal and communication skills, both written and oral
PC proficiency
Ability to work in varied systems
Proficiency with Excel/Word/Access
Experience with loan document management, or other mortgage-related processing systems
Must be able to handle multiple tasks and manage workload independently

Responsibilities

Responsible for the collateral review process on purchased/sold loans
Assist in clearing or curing collateral issues on purchased/sold loans
Assist in managing the relationship with custodians
Manage the custody of collateral files at the custodian
Manage the release of collateral files
Manage the delivery of collateral documents to investors, purchasers, or sellers
Identify collateral issues and escalate to Manager on a timely basis
Perform daily/monthly reconciliation of documents
Manage any reports received from internal and external parties
Develop and maintain policy and procedures
Create and distribute various ad hoc reports, as needed
Perform MERS portfolio reconciliation and remediation, as needed