Warehouse Lending Specialist

First Bank•Plano, TX

5h•Hybrid

About The Position

The Warehouse Lending Specialist position will be a position that is client-facing with internal duties and responsibilities. This person will be expected to correspond to clients in a timely, respectful, and professional manner. Funding - Warehouse Lending Specialist will work in unison with peers in managing the funding requests, processing additional wires, new title agent approvals, and end of day reporting requirements. Collateral - Warehouse Lending Specialist will receive, process, and release all collateral(notes). This role is responsible for the safekeeping of the note, in a fire-proof vault, while the note is in First Bank’s possession. Settlements - Warehouse Lending Specialist will assist in processing daily settlements and help manage the flow of settlement wires to ensure the GL’s balance daily. This is a Funding role within Mortgage warehouse lending.

Requirements

Meticulous with the ability & desire to learn new tasks.
Accurate and efficient in work abilities.
Strong, courteous, and professional communication skills.
Self-sufficient and not afraid to ask questions for guidance.
Ability to stand for extended periods of time.
Ability to multi-task frequently.
High School diploma or equivalent.
Must be proficient in Microsoft Office product Suite. Outlook, Word, & Excel.
Experience with or the ability to quickly learn the banks Warehouse System of record.
Must be familiar with loan documentation or ability to be trained quickly.

Nice To Haves

Mortgage Warehouse knowledge is a plus but not required.
Basic knowledge of industry products is preferred.
Prior mortgage warehouse lending experience preferred, but not required.

Responsibilities

Responsible for corresponding with clients in a timely, respectful, and professional manner and to meet the daily demands of SLA’s.
Must be able to adhere to the various types of funding requirements per the industry product codes/document types.
Must be able to process loan settlements to balance to GL’s daily.
Receives, processes and ships collateral to the final takeout investor. Ensures the collateral meets all requirements for the selected takeout investor.
Must confirm borrowers signatures are original, not copies. Ships all daily collateral release requests and makes the daily mail drop, on or off site.
Manages the missing collateral report by tracking Promissory Notes that have not been received within the period allotted.
Completes the MERS assignment in the MERS database (members.mersinc.org), when applicable.
Maintains current and accurate Investor endorsement verbiage at all times. Engages in frequent communication with management and client’s shipping team to keep abreast of any pertinent investor changes.
Will assist in processing settlements, daily.
Cross-trains with other departments to assist when other team members are out.
Completes, and passes, all required regulatory compliance training as assigned by the Bank.