Non-Agency Collateral Specialist

Bayview Asset Management • Horsham Township, PA

1d

About The Position

The Non-Agency Collateral Specialist is responsible for delivering collateral documents in accordance with master repurchase agreements, selling guidelines, contracts, and/or mandatory commitments. The position ensures timely deliveries and investigates and resolves document and data discrepancies. The specialist works with correspondent clients, document custodians, and internal business partners to review, prepare, track, and reconcile collateral files and related information.

Requirements

• A college degree is preferred, or 2 years of equivalent experience in mortgage banking operations, such as Document Management, Document Custodian, or Post Closing.
• Familiarity with current mortgage banking practices.
• Strong interpersonal and organizational skills and ability.
• Excellent verbal and written communication skills.
• Proficiency and working knowledge of MS Word and Excel.
• Ability to work under pressure to meet deadlines in a constantly changing environment.
• Ability to work overtime.

Nice To Haves

• Understanding of shipping and custodial processes and policies.

Responsibilities

• Receive and reconcile collateral documents from correspondent clients.
• Review documents and images for compliance with internal product requirements, GSE requirements, warehouse investor contracts, and/or mandatory commitments.
• Review product-specific collateral and entity-specific signature requirements.
• Prepare and package collateral files for delivery to the document custodian.
• Communicate with upstream and downstream business partners about process improvements and loan-level data updates.
• Communicate with internal departments when the self-funding process applies.
• Collaborate with internal departments to investigate and resolve document and data deficiencies cited by investors or document custodians.
• Communicate with the document custodian about shipping and delivery activity as necessary.
• Track and reconcile collateral status and exception reports, updating internal systems as needed to ensure deficiencies are properly identified.
• Assist and guide correspondent clients and internal business partners on requirements for curing deficiencies, including providing samples of defective collateral when applicable.
• Provide requested reporting to internal departments as necessary.
• Assist the department with special projects and handle additional tasks as assigned by Management.
• Act in accordance with company guidelines, policies, and procedures.

What This Job Offers

• Job Type: Full-time
• Education Level: Associate degree