Collateral Specialist

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Are you ready to be part of a dynamic and innovative mortgage company that prioritizes relationships over transactions? At NQM Funding, LLC, dba Premier Mortgage Associates, we have been dedicated to turning dreams of home ownership into reality for over 25 years. We believe in building enduring relationships with our clients, providing personalized mortgage solutions that truly put their needs first. Our commitment to excellence and integrity sets us apart, allowing us to close loans based on genuine connections rather than mere leads.

Embark on a fulfilling career where your dedication to client satisfaction is valued and makes a real difference. Join our team and discover a path where passion aligns with excellence, providing daily opportunities to make a significant difference. Apply today and become part of our journey to create homeowner success stories!

Our Corporate office is looking to hire a Collateral Specialist.
This position is not remote.

Job Title: Collateral Specialist

Reports To: Acquisitions Manager

FLSA Status: Non-Exempt

Department: Post-Closing

Division: Retail

Salary Range: $45K – $50K per year

Collateral Specialists will be responsible for completing functions related to the review of the closed loan package and collateral documentation. Coordinating and preparing collateral to be sent to investors for sale; as well as reviewing Correspondent Collateral for Purchase by NQMF. These tasks include performing services requiring interaction and communication with Warehouse Banks, Investors, Purchase Acquisitions Coordinators, Correspondent Clients, Client Support Teams and the Secondary Department, regarding loan file status.

Additional responsibilities may be added as needed.

• Reviewing daily mail and processing all incoming collateral received.
• Process daily shipping of collateral to various warehouse banks, if assigned.
• Review and clear exceptions with warehouse banks to ensure collateral is received and processed promptly to the investors, if assigned.
• Review daily report on outstanding notes not received and place calls to settlement/escrow agents to obtain the documents within specific time frames to meet warehouse turn times, if assigned.
• Review incoming correspondent collateral for any defects prior to purchase.
• Conditioning and clearing of collateral documents for Correspondent Channel when needed.
• Effectively communicate and coordinate condition resolution with Correspondent Clients in writing.
• Assisting Correspondent Clients with hypothetical Collateral issues and scenarios.
• Maintains current knowledge of policies and procedures as they relate to document requirements for warehouse banks, Investors and Custodians.
• Maintains familiarity with residential and commercial mortgage documents.
• Works directly with Post-Closing, PC-Support, Shipping and Purchase Acquisition Coordinators.
• Perform other duties as assigned

• Critical thinking and problem-solving skills
• Planning and organizing
• Decision-making
• Influencing and leading
• Delegation
• Teamwork
• Negotiation
• Conflict management
• Stress tolerance

Degree:
High School Diploma or Equivalent. Encompass experience preferred. 3+ years prior experience preferred.

• Medical Plan
• Vision Plan
• GAP Insurance
• Life Insurance paid by the company
• Voluntary Life Insurance
• 401K Pet Insurance
• Legal Shield/d

NQM Funding, LLC management will maintain and observe personnel policies which will not discriminate or permit harassment or retaliation against a person because of race, color, creed, age, sex, gender, gender identity, gender expression, religion, national origin, ancestry, marital status, military or veteran status or obligation, the presence of a physical and/or mental disability or medical condition, genetic information, sexual orientation, and all statuses protected by applicable state or local law in all recruiting, hiring, training, compensation, overtime, position classifications, work assignments, facilities, promotions, transfers, employee treatment, and in all other terms and conditions of employment.

NQM Funding, LLC will also prohibit retaliation against individuals for raising a complaint of discrimination or harassment or participating in an investigation of same.

NQM Funding, LLC will also reasonably accommodate qualified individuals with a disability so that they can apply for a job or perform the essential functions of a job unless doing so causes a direct threat to these individuals or others in the workplace and the threat cannot be eliminated by reasonable accommodation or if the accommodation creates an undue hardship to NQM Funding, LLC.