COLLATERAL ANALYST

 Posted 16 hours ago
     
2-5 years experience
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AI Summary

The Collateral Analyst is responsible for curing document defects on MSR loans and managing trailing document defect reports. They ensure accurate monthly holdback reporting and coordinate with custodians and partners to resolve collateral exceptions.
Overview

The Collateral Analyst is responsible for curing document defects on MSR loans acquired and sold by the company.  The Collateral Analyst will manage the trailing document defect reports provided by our document custodians and MSR counterparties to ensure timely delivery of the outstanding documents to our custodians.  The Collateral Analyst will review and address exception variances between our internal and custodial reporting to confirm accurate monthly holdback reporting to our MSR partners to allow for the timely release of holdback funds. The pay range for this position is $60,000-$68,000 per year. 

 


Responsibilities

  • Work directly with our document custodians and MSR partners to address outstanding collateral and trailing document exceptions
  • Prepare and submit release requests to our document custodians
  • Custodial follow-up on pending releases not processed by the document custodian
  • Utilize agency, vendor, document custodian, and county recorder’s websites to research and extract data and documents  
  • Provide guidance to our business partners advising curative actions to address defective collateral documents
  • Analyze monthly custodian defect reports ensuring accuracy of reports
  • Work with outside resources to clear collateral defects (i.e. title companies, subservicers)
  • Meet deadlines for review, analysis and clearance of defects to meet holdback deadlines
  • Ensuring agency deadlines are achieved through appropriate prioritization
  • Meet regularly with external business partners to timely resolve outstanding document defects
  • Evaluate existing internal processes and identify opportunities to improve efficiency
  • Other tasks as assigned by the Collateral Manager to ensure continued organizational success

 


Qualifications

  • Knowledge of Agency (FNMA, FHLMC, GNMA) collateral requirements
  • Strong organizational skills
  • Ability to meet critical deadlines
  • Ability to establish and maintain working relationships with co-workers and Lakeview business partners
  • Excellent communication skills
  • Must be detail oriented
  • Working knowledge of Microsoft Excel
  • Knowledge of collateral and trailing documents
  • Familiar with document transfer and assignment requirements

 

 

EDUCATION AND EXPERIENCE:

 

  • Minimum 4-year degree from accredited college or university or equivalent work experience
  • Experience with collateral/trailing document management and document custodial processes preferred

 

Certifications, Licenses, and/or Registration  

 

  • None

 

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