Collateral Review Associate (RTL)

Setpoint•Salt Lake City, UT

9d•Hybrid

About The Position

Behind many of life’s most important transactions — buying a house, applying for a mortgage, getting a small business loan, or refinancing a credit card — is a network of credit relationships. Setpoint provides critical infrastructure for relationships between the world’s largest banks, credit funds and capital markets counterparties. We’re building trust in this system of credit. Setpoint is looking for a Collateral Review Associate (RTL) to join our team! The Collateral Review Associate is part of our in-house due diligence team. This role is responsible for reviewing and validating loan package documentation and individual materials required by lenders to loan money related to single family homes or multi-family properties to ensure accuracy, compliance, and completeness. They will collaborate with internal and external stakeholders and welcome the dynamic environment that comes with a fast-growing company.

Requirements

3+ years’ experience in title, valuations, or mortgage loan underwriting.
Strong computer abilities including intermediate to advanced Excel skills, Microsoft Word, and experience with software interfaces.
Ability to work extended hours based on the flow needs of the client - this includes month end, quarter end, and year end increases in volume.
Knowledge of mortgage and business loans, including underwriting and documentation standards, valuation methodologies and secondary loan markets and servicing and monitoring practices.
Ability to work independently, prioritize, and plan work activities while also being effective in a group setting.
Ability to work in our Salt Lake City or Park City office as needed.

Responsibilities

Conduct reviews of and validate loan package documentation and materials related to purchasing of property, documents include but are not limited to: credit, background, appraisal, title, HUD-1, flood cert, mortgage, note, guaranty, repair budgets, and entity documents.
Update internal web applications related to loan package materials and documentation.
Validate all materials have been updated in the system of record.
Perform daily operational audits for documentation requirements and data processing.
Provide assistance in communication with internal and external clients with questions or concerns on collateral.