Warehouse Collateral Specialist

Primis Bank•Frisco, TX

1d•Hybrid

About The Position

This position is responsible for processing and preparing to ship collateral for the Mortgage Warehouse department. Essential Functions include receiving, logging, and retaining possession of the original mortgage note during the warehouse period, processing received collateral in preparation for shipping, ensuring accuracy of received collateral, shipping collateral files to the end investor daily, confirming receipt of required collateral and tracking all outstanding files, reviewing loan documentation for accuracy and completeness, identifying and resolving issues, discrepancies, and validations, daily client correspondence and customer service, internal quality control and auditing of warehouse lending loans, and assisting customers on how to use the warehouse lending systems. Regular, reliable, and predictable attendance is required, with in-person attendance necessary. Marginal functions include participating in department projects, day-to-day customer service, and maintaining compliance with all state and federal regulations and bank policies and procedures.

Requirements

Knowledge of mortgage banking or mortgage warehouse lending operations
In-depth knowledge of closing procedures, loan processes, documentation and current regulatory requirements affecting mortgage loans
Ability to communicate with internal and external customers and problem solve
Strong analytical ability
Professional and effective verbal and written communications
High degree of detail orientation
Strong organizational skills
Ability to work independently with minimal supervision
Proficient with MS Office

Nice To Haves

Bachelor’s degree in business or related field
3 years’ experience in mortgage banking or mortgage warehouse lending operations

Responsibilities

Receive, log, and retain possession of the original mortgage note during warehouse period.
Process received collateral in preparation to ship.
Ensure accuracy of received collateral.
Ship collateral files to end investor daily.
Confirm receipt of required collateral and track all outstanding files.
Review loan documentation for accuracy and completeness.
Identifying and resolving issues, discrepancies, and validations.
Daily client correspondence and customer service.
Internal quality control and auditing of warehouse lending loans.
Assist customers on how to use the warehouse lending systems.
Participate in department projects as assigned.
Maintain compliance with and adhere to all state and federal regulations and bank policies and procedures, including, but not limited to Bank Secrecy Act, FACT ACT, Community Reinvestment Act, and EEO/AA/Fair Employment Practices.