Mortgage Warehouse Collateral Analyst

Origin Bank • Frisco, TX

4d • Onsite

About The Position

The Mortgage Warehouse Collateral Analyst receives, reviews, logs, and stores original collateral from clients and closing agents. The role prepares original Notes and Bailee letters for shipment to takeout investors and processes incoming investor wires and return wires from closing agents.

The analyst manages collateral inventory, monitors outstanding collateral, supports investor approvals, reviews certain loans for funding approval, and responds to client inquiries. The position also handles a range of daily transfers, reporting, system updates, training, and cross-training activities for the Warehouse Lending Department. The role has no supervisory responsibilities and may occasionally require travel. It operates in a professional corporate banking office environment and requires confidentiality, professionalism, and attention to detail.

Requirements

• At least two years of related experience and/or training in mortgage banking with warehouse lending and mortgage shipping, or an equivalent combination of education and experience.
• Ability to read and understand mortgage documents, including Form 1003, HUD 1 settlement statements, property appraisals, locks and purchase commitments, property deeds, and mortgage notes.
• Ability to perform the essential duties satisfactorily, with reasonable accommodations where applicable.

Responsibilities

• Process daily incoming collateral, open mail from clients and closing agents, review original Notes against funded loans in WLS, and log Notes in WLS.
• Manage collateral inventory and conduct weekly audits of mortgage Notes held by the Bank.
• Monitor aged outstanding collateral (“Wet Note”) reports, follow up with clients, and update statuses in WLS.
• Prepare original Notes and Bailee letters for timely shipment to takeout investors, including endorsing, stacking, scanning, and packaging Notes by client and investor.
• Process incoming investor wires and return wires from closing agents, and allocate funds to loans according to purchase advices.
• Gather documentation for investor approvals on behalf of Clients, set up new investors in WLS, and link approved investors to client accounts as requested.
• Approve loans for disbursement.
• Prepare agency pool documents for execution and delivery.
• Review Jumbo loans up to $1MM for funding approval.
• Add or update client user information in WLS and reset passwords upon client request.
• Research and resolve general ledger outages reported by Accounting.
• Respond promptly to client emails concerning information requests, quality control documentation, return wires, funding cancellations, updates, and wire confirmations.
• Train new Warehouse Lending employees and Clients as needed.
• Process daily IBS transfers for client residuals or quality-check a team member’s transactions.
• Process daily CNB participation transfers or quality-check a team member’s transactions.
• Update the GMFS daily balances spreadsheet used to calculate utilization.
• Review new investor financials and product matrices for approval.
• Process monthly Libor updates in WLS.
• Cross-train in areas identified by the Warehouse Lending VP as opportunities for continued training or support.
• Attend industry events and represent Origin Bank’s Warehouse Lending Department professionally.
• Comply with BSA, AML, OFAC, and CIP policies and procedures, and report unusual or suspicious activity involving customers or fellow employees to the BSA Department.

Benefits

• Competitive total rewards package, including benefits and compensation tailored to skills, experience, and education.
• Dream Manager program.
• One-on-one guidance from a nationally certified health and wellness coach.
• Free access to certified financial professionals.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed