What are the responsibilities and job description for the Collateral Reviewer position at New American Funding?
Overview
Position: Collateral Reviewer
Location: Full-time On-site: 18583 Dallas Pkwy, Suite 160, Dallas TX 75287
Pay: $17 - $19/hr d.o.e.
Summary: The Post-Closing Collateral Reviewer responsibilities include, preparing collaterals and endorsements based on Warehouse guidelines. Clearing exceptions to push the banks to Dry the Notes. Assist with resigns and Note corrections as well as RUSH doc requests for funding.
Responsibilities
Other Duties : This job profile is not intended to be an all-inclusive list of job duties and responsibilities, as one may perform additional related duties as assigned in order to meet the needs of the organization.
Physical Demands : The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Must be able to lift up to ten pounds. Primary functions require sufficient physical ability and mobility to work in an office setting; to stand or sit for prolonged periods of time; to occasionally stoop, bend, kneel, crouch, reach, and twist; to lift, carry, push, and/or pull light to moderate amounts of weight; to operate office equipment requiring repetitive hand movement and fine coordination including use of a keyboard; and to verbally communicate to exchange information. VISION: See in the normal visual range with or without correction. HEARING: Hear in the normal audio range with or without correction.
[EOE/M/F/D/V. Drug-free workplace.]
Position: Collateral Reviewer
Location: Full-time On-site: 18583 Dallas Pkwy, Suite 160, Dallas TX 75287
Pay: $17 - $19/hr d.o.e.
Summary: The Post-Closing Collateral Reviewer responsibilities include, preparing collaterals and endorsements based on Warehouse guidelines. Clearing exceptions to push the banks to Dry the Notes. Assist with resigns and Note corrections as well as RUSH doc requests for funding.
Responsibilities
- Prepare collaterals per Investor/Warehouse
- Ship collaterals via Fedex per Warehouse
- Upload shipping information into Encompass
- Upload Fedex shipping information into folder
- Login files that ship to Plano, Texas
- Assist in resign Notes.
- Clear exceptions to get the banks to dry the loans.
- Prepare endorsements/allonges and process for execution.
- High School diploma or GED.
- Some College
- 2 years’ mortgage experience preferred – Post Closing, Mortgage Operations, Processing, Underwriting, Funding, and/or QC
- 2 years’ working in post-close collateral department or post-closing department
- Encompass 360
- Working knowledge of conventional and government residential mortgage loans, and investor guidelines.
- Must have excellent attention to detail.
- Prior experience and proficiency with Loan Origination Systems and Microsoft Office programs (i.e. Outlook, Word, Excel, etc.).
- Good verbal and written communication skills.
Other Duties : This job profile is not intended to be an all-inclusive list of job duties and responsibilities, as one may perform additional related duties as assigned in order to meet the needs of the organization.
Physical Demands : The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Must be able to lift up to ten pounds. Primary functions require sufficient physical ability and mobility to work in an office setting; to stand or sit for prolonged periods of time; to occasionally stoop, bend, kneel, crouch, reach, and twist; to lift, carry, push, and/or pull light to moderate amounts of weight; to operate office equipment requiring repetitive hand movement and fine coordination including use of a keyboard; and to verbally communicate to exchange information. VISION: See in the normal visual range with or without correction. HEARING: Hear in the normal audio range with or without correction.
[EOE/M/F/D/V. Drug-free workplace.]
Salary : $17 - $19