Analysis Skills, Auditing, Bank Secrecy Act, Banking Regulations, Banking Services, Communication Skills, Customer Support/Service, Desktop PC, Federal Laws and Regulations, Identify Issues, Loan Closing, Loan Documents, Loan Operations, Loan Origination, Loans, Maintain Compliance, Marketing/Sales Collateral, Microsoft Office, Mortgage, Mortgage Lending, Mortgage Regulations, Organizational Skills, Presentation/Verbal Skills, Problem Solving Skills, Quality Control, Regulatory Requirements, Resolve Customer Issues, State Laws and Regulations, Typing, Warehousing
Warehouse Collateral Specialist
Job Category: Mortgage Requisition Number: WAREH003067
Full-Time On-site Frisco, TX 75034, USA
Job Details
Description
Position Summary: This position is responsible for processing and preparing to ship collateral for the Mortgage Warehouse department. Essential Functions
- 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.
- Regular, reliable, and predictable attendance.
- In person attendance required.
Marginal Functions- Participate in department projects as assigned.
- Day to day customer service.
- 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.
- All other duties as assigned.
Minimum Educational & Experience Requirements- Bachelor's degree in business or related field (preferred)
- 3 years' experience in mortgage banking or mortgage warehouse lending operations (preferred)
Minimum Skill 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
- In-depth knowledge of closing procedures, loan processes, documentation and current regulatory requirements affecting mortgage loans
- High degree of detail orientation
- Strong organizational skills
- Ability to work independently with minimal supervision
- Proficient with MS Office
Physical Demands- Continuous remaining in a stationary position, particularly, but not limited to, at a desktop computer
- Continuous repetitive use of hands/arms; particularly concerning to typing, writing, phone & computer use
- Continuous communication: verbal and written, in-person, phone and electronic
Work Environment- Office setting with remote flexibility
Qualifications
Education
Preferred
Bachelors or better.
Experience
Preferred
3 years' experience in mortgage banking or mortgage warehouse lending operations (preferred)
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.