Whole Loan Transaction Manager, Associate

Banco Santander•Dallas, TX

17h•$131,250 - $225,000

About The Position

Santander is a global leader and innovator in the financial services industry and is evolving from a high-impact brand into a technology-driven organization. Our people are at the heart of this journey and together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what’s possible. This is more than a strategic shift. It’s a chance for driven professionals to grow, learn, and make a real difference. If you are interested in exploring the possibilities We Want to Talk to You! Whole Loan Transaction Management, Due Diligence, and Asset Management involves managing the process of buying/selling whole loans, ensuring compliance, and verifying loan data accuracy, and managing third parties. This role requires strong organizational skills, attention to detail, and the ability to work with various stakeholders.

Requirements

Strong knowledge of residential real estate
Ability to work in a fast-paced culture
Strong leadership and project management skills
Demonstrated abilities of meeting deadlines, being self-motivated, having attention to detail, and executing at a high level

Responsibilities

Whole Loans Due Diligence – track, report, analyze and cure loan due diligence findings based on compliance, credit, title, valuation, servicing data, and collateral
Coordinate and prepare diligence findings, reporting, material preparation, and curative actions for third party RMBS securitization underwritings between counterparties, legal counsel, vendors, rating agencies, servicers, and custodians
Identify and target high-risk issues to make suitable recommendations to trading desk for re-pricing / drop adjustments for whole loan acquisitions and sales and for third parties via advisory agreements
Lead internal effort to review and negotiate all deal documentation and create subsequent exhibits, prepare funding schedules, and review and interpret diligence findings in coordination with the trading desk and external counsel for pricing and settlement of whole loan acquisition and sale transactions
Organized and monitored due diligence activities, servicing transfers, loan document transfers, and operations between internal groups, vendors, servicers, and custodians while communicating progress and collaborating with counterparties from bid through settlement
Vendor Management – work with the internal legal, procurement and information security teams to onboard new vendors and to monitor vendor performance.
Oversee the inventory of mortgage loan collateral held on the firm’s repo financing lines, as well as whole loan owned assets.
Ensure that potential funding pools are in compliance with established facility concentration and risk limits.
Ensure good communication with traders, risk, legal, and outside clients to control the risks associated with the funding process.
Oversee due diligence process, including managing third-party vendors' review efforts