Process Associate - US Mortgage (Collateral)

1 - 5 years

2 - 4 Lacs

Posted:1 month ago| Platform: Naukri logo

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Work Mode

Hybrid

Job Type

Full Time

Job Description

Job Title/Designation Process Associate/Sr. Process Associate- Collateral Management (US Mortgage)

Exp

Shift

ocation

Summary/Objective

The Collateral Management Specialist ensures accurate management and documentation of mortgage loans and mortgage-backed securities. The role involves reviewing and processing collateral documentation, maintaining compliance with federal regulations, managing risk, and collaborating with stakeholders like loan originators, investors, and internal teams.

Key Responsibilities:

1. Documentation:

2. Tracking & Reporting:

. Compliance & Risk Management

4. Collaboration

5. System Improvement:

Essential Functions

  • Perform tasks as per the defined guidelines.
  • Gather pertinent information from documents
  • Search for required docs in internal system and in public records and reach out to external parties as needed
  • Follows up with vendors attorneys, prior servicer, onboarding team for pending documentation.
  • Email Communication with US team, Vendor, investor and prior servicer as per process requirement
  • Reviewing & Documents as per the process requirements.

Competencies/Skill

  • Communication skills – Effective verbal and written communication
  • Must be able to work in a team environment
  • Analytical ability - Eye to detail (Should be able to handle large data)
  • Quantitative skills – Good with numbers
  • MS Excel – should be at least intermediate level.

Education and Experience

  1. Must be a graduate
  2. 2-3 years of US Mortgage (Servicing) experience is must.
  3. Fair knowledge of FNMA/GNMA/FHLMC guideline will be an added advantage.
  4. Knowledge of Fiserv/LoanServ/Sagent system
  5. Knowledge of Collateral management function will be an advantage
  6. Knowledge of Collateral document ( Deed, Mortgage Note, Allonge, Assignment, Title Docs Etc.).
  7. Knowledge/experience of post closing/origination

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