Mortgage Purchasing Team Lead
Company: Disability Solutions
Location: Chandler
Posted on: April 18, 2024
Job Description:
Job Title:Mortgage Purchasing Team LeadLocation:AZ - Chandler
3033What you'll do:Manage the operational aspects for mortgage
whole loan transactions. For mortgage loan purchases, manage review
and purchase of closed mortgage loans from a variety of counter
parties. Oversee diligence, collateral review, and quality control
functions to ensure the bank is purchasing high quality mortgage
loans that conform to the bank's policies and procedures.
Coordinate loan purchases, servicing transfers and trailing
documents collection. Serve as a key liaison for customers that are
delivering mortgage loans to the bank on a flow basis. For mortgage
loan sales transactions, manage clearing of conditions, loan sales,
servicing transfers, and trailing document requirementsWhat we are
looking for:
- Supervise a team of transaction coordinators involved in the
purchase or sale of closed mortgage loans by the bank.
- Oversee 3rd party diligence vendors that review mortgage loans
for the bank to ensure their work quality meets the bank's
standards.
- Work closely with customers to clear conditions needed to
purchase loans. Work closely with investors to clear conditions on
loan sales by the bank.
- Manage collateral review, transfers, and trailing documents
process. Manage relationships with document custodians.
- Coordinate servicing transfers.
- Oversee MERS updates and reporting, as well as assignments done
outside of MERS.
- Write policies, procedures, and checklists to ensure strong
controls and oversight.
- Manage loan pipeline to ensure deadlines are met.
- Serve as key customer liaison to ensure customer expectations
are met, service standards are adhered to, and issues are elevated
and resolved in a timely manner.What you need to have:
- Ideal candidate is highly experienced in the operational
aspects of mortgage whole loan transactions.
- Likely candidate has served as an operations/post-closing
manager at an independent mortgage bank involved in the selling of
mortgages, or as an operations manager at a correspondent firm or
bank involved in the purchase of closed mortgage loans.
- Knowledge of credit, compliance, and collateral conditions that
are commonly found on TPR securitization reports.
- Experienced in, or ability to quickly obtain proficiency in:
MERS, servicing transfer oversight, document custodian
relationships, collateral review and collateral tracking.
- Advanced knowledge of related state and federal lending and
compliance regulations.
- Management experience preferred.
- Strong process and controls background with attention to
detail.
- Advanced oral, written, and interpersonal communication
skills.
- Ability to analyze data and determine trends, including strong
spreadsheet skills.
- College degree preferred, but not required.
- Self-starter, self-reliant, dependable, ability to work within
and meet specific time constraints. Ability to take ownership of
projects and see them thru to completion.
- Flexibility in decision making with strong problem-solving
skills.Benefits you'll love:We offer all the important things you'd
want - like competitive salaries, an ownership stake in the
company, medical and dental insurance, time off, a great 401k
matching program, tuition assistance program, an employee volunteer
program, and a wellness program. In addition, you'll have the
opportunity to bolster your business knowledge, learning the ins
and outs of how successful companies operate and manage their
finances, giving you invaluable hands-on experience to help grow
your career!About the company:Western Alliance Bank is a wholly
owned subsidiary of Western Alliance Bancorporation. Alliance Bank
of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank,
First Independent Bank, and Torrey Pines Bank are divisions of
Western Alliance Bank; Member FDIC. AmeriHome Mortgage is a Western
Alliance Bank company.Western Alliance Bancorporation is committed
to equal employment and will consider all qualified applicants
without regard to race, sex, color, religion, age, nation origin,
marital status, disability, protected veteran status, sexual
orientation, gender identity or genetic information. Western
Alliance Bancorporation is committed to working with and providing
reasonable accommodations for individuals with disabilities. If you
are an individual with a disability and require a reasonable
accommodation to complete any part of the application process
and/or need an alternative method of applying, please email
HR@westernalliancebank.com or call 602-386-2488. When contacting
us, please provide your contact information and state the nature of
your accessibility issue. We will only respond to inquiries
concerning requests that involve a reasonable accommodation in the
application process.-- Western Alliance Bancorporation
Keywords: Disability Solutions, Chandler , Mortgage Purchasing Team Lead, Other , Chandler, Arizona
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