Collateral Manager

Village Capital & Investment•Draper, UT

About The Position

We're looking for a detail-oriented Collateral Review Specialist to join our team. This role is critical in ensuring the accuracy of Collateral documents delivered after loan closing. You'll be responsible for reviewing these documents, identifying errors, and coordinating to get them corrected quickly and accurately.

Requirements

Experience: 5+ years in Mortgage Post-Closing, Collateral Management, or Secondary Marketing.
Knowledge: Deep understanding of FNMA, FHLMC, and GNMA collateral requirements.
Technical Skills: Proficiency in Loan Origination Systems (LOS) and advanced Excel (ability to manage complex logs and reports).
Detail-Oriented: Ability to identify document discrepancies (signatures, notary seals, endorsements) that others might miss.
Communication: Strong ability to collaborate across departments and with external vendors/custodians.

Responsibilities

Manage a team of 6-8 employees
Pipeline Management: Oversee the daily tracking and shipment of original loan notes and collateral packages to Custodian Bank.
Quality Control: Review collateral file escalations (Notes, Mortgages, Riders, Allonges) for accuracy and enforceability before shipping.
Exception Resolution: Proactively monitor and clear any collateral exceptions or "breaks" identified by warehouse banks or custodians.
Vendor & Partner Liaison: Maintain relationships with Custodian Bank, settlement agents, and secondary marketing departments to ensure timely purchase and funding.
Compliance