Collateral Review Associate (SFR)

Setpoint•Salt Lake City, UT

70d•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 (SFR) to join our team! The SFR Collateral Review Associate is part of an in-house due diligence team. This role is responsible for reviewing and validating documentation for SFR properties 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. This role reports directly to the Director of SFR Transactions.

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 Park City office as needed

Responsibilities

Conduct reviews of and validate documentation and materials related to lending on or the purchasing of property. Documents include but are not limited to: appraisal, BPO, title, lease, HUD-1, flood cert, mortgage, note, guaranty, repair budgets, and entity documents
Update internal web applications related to the review of property-level documentation
Provide clients with reports showing the status of each deal
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