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Analyst, Collateral Due Diligence
PennyMac
Fort Worth, TX, United States
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Job Description
Manage the review of the collateral files (note, mortgage, related riders and addendums, assignments, title insurance policy, etc.) for loans purchased by PennyMac to ensure the enforceability of the loans and accuracy of the note data.
• Responsible for the collateral review process when purchasing loans
• Assist in the clearing or curing of collateral issues on purchased loans
• Assist in managing the relationships with custodians DB and BNYM
• Coordinate reviews of note data with JCIII
• Manage the custody of collateral files at DB and BNYM
• Manage the release of collateral (i.e., PIF, to FC attorney, etc.)
• Manage the delivery of collateral documents to investors (Fannie, Freddie, Suntrust, etc.)
• Involved in the secondary marketing delivery of loans (locking in pricing, delivering collateral, delivering data, etc.)
• Demonstrates behaviors which are aligned with the organization’s desired culture and values
Preferred Qualifications
• Minimum of one (1) year of mortgage or finance industry experience, preferably in loan servicing and in a high paced, customer service oriented operation
• Familiarity with the collateral documents files (i.e. note, mortgage, related riders and addendums, assignments, title insurance policy, etc.)
• Demonstrated ability to make decisions within set policies/procedures
• Interpersonal skills
• Verbal and written communication skills
• Ability to be trained and train on various Collateral Management related tasks
• Working knowledge of Microsoft Office (Excel, Word, PowerPoint, Visio)
• Ability to work in a team environment as well as an individual contributor
• Ability to work independently with moderate/minimum supervision
• 2 Year college degree (Associate) or equivalent work experience
• 1+ years Minimum Years of Experience