Mortgage Collateral Vice President

Carrington Mortgage • Orange, CA

1d • $150,000 - $170,000 • Onsite

About The Position

The Mortgage Collateral Vice President will lead various departments and teams responsible for ensuring integrity, safety, and retention needs for CMS collateral and original documents on behalf of CMS and our investors. This role ensures compliance with Document Custodian, industry, and investor rules and guidelines. The position involves developing and maintaining policies and procedures, systems, processes, and reporting, all while adhering to company policies, and US state and federal laws and regulations.

Requirements

• Bachelor’s degree in related field or equivalent work experience.
• Ten (10) years’ experience in banking, finance, loan servicing or related industry.
• Five (5) years’ experience in collateral related activities for residential mortgage loans.
• Three (3+) or more years in management capacity.
• Strong knowledge of mortgage loan collateral document requirements for GSE Pool certification, loan sales, custodial chain of title and curative work for mortgage loan documents.
• Knowledge of relevant and industry-specific computer software packages at an intermediate level.
• Working knowledge of Microsoft Office Suite of applications (Word, Excel, Outlook, etc.).
• Ability to interact with Senior Management as an advisor on projects, and to act as the company’s principal spokesperson in area of expertise.

Responsibilities

• Lead the recruitment, hiring, and development of people to build and motivate a high-performing team.
• Oversee the management of GSE pooled acquisition portfolios and final pool certification.
• Lead the team in the collateral needs for Re-Pool of loans, including document defect curative.
• Lead the collateral needs for Investor sale transactions on non-pooled loans, including due diligence.
• Ensure compliance for collection of collateral documents when loans are purchased from a loan pool.
• Establish and maintain professional and effective relationships with collateral vendors, including document custodians.
• Responsible for the establishment of eNote process in support of CMS strategic initiative: process, reporting, P&P, audit, and QC program.
• Maintain subject matter expertise to direct resolution of complex collateral issues while providing training and guidance to the team.
• Establish and maintain working relationships with Capital Markets, Treasury, and Secondary Marketing.
• Ensure that all policies, procedures, and training materials are defined and validated annually.
• Oversee annual validation of all systems utilized to ensure maximum execution and compliance with requirements.
• Responsible for development and generation of control and pipeline reports at the aggregate and individual loan level to ensure productivity and quality objectives are achieved or exceeded.
• Provide oversight and reporting to ensure compliance with defined service level agreements (SLAs), standards, and resolution of any identified deficiencies.

Benefits

• Comprehensive healthcare plans for you and your family.
• Discretionary 401(k) match of 50% of the first 4% of pay contributed.
• Access to several fitness, restaurant, retail (and more!) discounts through our employee portal.
• Customized training programs to help you advance your career.
• Employee referral bonuses.
• Educational Reimbursement.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager