Mortgage Warehouse Collateral Analyst

Origin Bank • Frisco, TX

2d

About The Position

The Mortgage Warehouse Collateral Analyst receives, reviews, logs, and stores original collateral from clients and closing agents; prepares original Notes and Bailee letters for shipment to takeout investors; and processes incoming investor wires and return wires from closing agents. The role also supports investor approvals, loan funding, client requests, daily transfers, reporting, and cross-training within the Warehouse Lending Department. The position has no supervisory responsibilities and may occasionally require travel. It is performed in a professional banking environment, typically in a corporate office, with standard office equipment and digital financial systems. The role calls for professionalism, confidentiality, 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; reasonable accommodations may be made for individuals with disabilities.
• Meet the physical demands of the role, including regularly lifting or moving up to 10 pounds, frequently up to 25 pounds, and occasionally up to 50 pounds.

Responsibilities

• Process daily incoming collateral, open mail from clients and closing agents, compare original Notes with 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 shipment to takeout investors by endorsing, stacking, scanning, and packaging them by client and investor.
• Process investor incoming wires and return wires from closing agents, and allocate funds to loans in accordance with 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 at client request.
• Research and resolve general ledger outages reported by Accounting.
• Respond 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 daily GMFS 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 for continued training or support.
• Attend industry events and represent the Origin Bank Warehouse Lending Department professionally.
• Comply with BSA, AML, OFAC, CIP, and bank procedures, and report unusual or suspicious activity to the BSA Department.

Benefits

• Competitive total rewards package with 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
• Education Level: No Education Listed