Settlement Analyst

Origin Bank•Dallas, TX

4d•Remote

About The Position

At Origin Bank, a job isn't just a paycheck - it's a meaningful journey. We're committed to helping you grow both professionally and personally in an environment where people come first. We offer a competitive total rewards package, including generous benefits and compensation tailored to your skills, experience, and education. What truly sets us apart is our people-first culture. Here, you'll be supported by unique initiatives like our Dream Manager program, one-on-one guidance from a nationally certified health and wellness coach, and free access to certified financial professionals who are here to help you plan for your future. If you're looking for a career that empowers you to make meaningful connections, positively impact others, and pursue your personal and professional dreams-we'd love to meet you. Apply today and start the most rewarding chapter of your career with us. Job Description Settlement Analyst processes incoming wires and settlements as their priority; assists with funding duties as needed. Word Duties and Responsibilities include the following:

Requirements

Associate's degree (A. A.) or equivalent from two-year college or technical school; minimum five years related experience and/or training in mortgage banking with warehouse lending, closing/funding and mortgage shipping; or equivalent combination of education and experience.
To perform this job successfully, an individual should preferably have knowledge of FIS eWire; IBS Insight; WLS (Warehouse Lending System) software, Microsoft Word, Excel and Outlook.
Must be able to read and understand mortgage documents such as Form 1003, Closing Disclosure, property appraisals, investor locks and purchase commitments, property deeds and mortgage notes.

Responsibilities

Processes receipt and settlement of incoming wires from investors and return wires from closing agents; follows up with clients for missing Purchase Advises or wire discrepancies; notifies Treasury Desk of any incoming wires >$5MM.
Works with FHLB, Wire Desk, IT, Accounting and Treasury as needed to resolve issues.
Helps maintain department Settlement procedures.
Responds timely with research and resolution of GL outages reported by Accounting.
Receives, reviews and performs quality review on loans submitted by clients for funding, in accordance with Origin Bank and Warehouse Lending policies and procedures.
Authorizes loans to go forward for funding approval based on criteria provided, or escalates all questionable findings, issues or exception requests to management.
Helps maintain department Funding procedures.
Processes additional wires per client request.
Processes transfer of funds from Client DDA accounts to process Originator Participations and additional wires/manual advances.
Performs pre- and post-funding quality control reviews in accordance with Warehouse Lending policies and procedures.
Processes originator payoffs and curtailments as requested.
Monitors Bot processing of daily posting of Originator Participations and settlement residual funds to Client DDA accounts; emails Participation Statement to Participating Banks when completed.
Adds/updates WLS User information & provides installation instructions for clients; Updates Master Client List; Resets passwords per client request.
Verifies settlement agent wire instructions/CPL/insurance coverage and sets up new agents in WLS.
Responds timely to Wire Desk requests and OFAC verifications.
Monitors expiration dates for Client E&O/Fidelity Bond and State Licenses; Obtains current policies from clients and updates WLS as required.
Processes internal “swings” from one warehouse line to another for client-to-client purchases, OTC modifications, and sublimit moves; notifies team to update collateral status.
Runs Daily Disbursement report/checks Fed Ref #'s/sends 'Done for the Day' email to Warehouse Lending, Wire Desk & Mortgage Accounting.
Responds timely to client emails concerning information requests, quality control documentation, return wires, funding cancellations, updates, wire confirmations, etc.
If responsible, may board new clients in WLS, add business rules, add users, link to products, closing agents & investors; distribute login credentials.
If responsible, may update client info due to renewals, extensions, amendments, bulges, exception approvals
If responsible, processes monthly interest payments for OTC, IML sublimit loans.
If responsible, processes all OTC funding and draws in the absence of the Mortgage One Time Closing Manager, or to assist with heavy volume.
Cross-trains with the Shipping team or other areas where the Warehouse Lending Operations Manager sees the opportunity for continuing training or support.
Trains new Warehouse Lending employees and new Clients as needed.
Attends industry events, representing Origin Bank Warehouse Lending Department in a professional manner.