Manager Transaction Management (On-site)

Newrez•Tempe, AZ

1d•Onsite

About The Position

The Manager Transaction Management position is responsible for the management and support of Newrez/Shellpoint’s mortgage purchase, whole loan sale, and/or securitization transactions. This role manages and coordinates multiple complex processes to maximize the success of each loan acquisition or sale transaction and to ensure they close on time. Success in this role requires the ability to manage internal and external relationships effectively. The position demands experience with residential mortgage bulk and flow whole loan transactions, as well as public/private securitization transactions. There is a high level of interaction with internal departments (secondary, sales, warehouse lending, servicing) and external parties including loan sellers/lenders, loan investors, broker dealers, and warehouse providers. The Manager Transaction Management will support credit and compliance loan reviews against Investor and Company requirements and provide recommendations for loan disposition decisions. This role has direct reports: Transaction Coordinators.

Requirements

Bachelor’s degree, in business, marketing, communications or other relevant field.
6-8 years of mortgage industry experience.
Ability to handle a large degree of internal and external diplomacy as well as understanding of perspective from various stakeholders.
Ability to listen effectively and communicate ideas concisely.
Knowledge of mortgage banking, secondary markets, whole loan transactions and securitizations, GSE and private investor guidelines.
Ability to engage individuals and groups to surface essential requirements information.
Interpersonal skills, to help negotiate priorities and to resolve conflicts among appropriate stakeholders.
Ability to critically evaluate the information gathered from multiple sources, reconcile differing views, decompose high-level information into details, and abstract up from low-level information to a more general understanding, and distinguish user requests from the underlying true needs.
Employees are required to have smart phones that meet Company security standards with the ability to install apps such as Microsoft Authenticator.

Responsibilities

Coordinate transaction related functions and requirements with internal and external stakeholders (Sellers/Lenders, Investors, Broker Dealers, Vendors, and internal departments).
Coordinate and support loan deliveries to whole loan investors and GSEs including data, loan files, and collateral.
Manage loan review transaction timelines with internal and external parties to ensure timely settlements and review of loan diligence and custodial review within service level expectations.
Evaluate loan due diligence results, assess validity of stipulations, make loan disposition decisions, escalate as appropriate with internal stakeholders, resolve stipulations with sellers/investors/internal stakeholders, and prepare diligence status summaries.
Support and review various investor guidelines for competitive analysis and salability.
Complete validation and quality checks of required data reports, validation of data provided by third party reviewers, vendors, and sellers.
Track and resolve collateral exceptions and certifications with third party custodians.
Build and maintain relationships with sellers, investors, and vendors.
Provide reporting and analytics on trades, due diligence, and counterparties.
Perform personnel managerial duties such as goal setting and tracking, performance monitoring and coaching, ensuring associate engagement, and other typical managerial duties.
Performs related duties as assigned by management.