Loans Operations - Lifecycle Management, Associate

Position: Whole Loans Operations - Lifecycle Management, Associate

Whole Loans Operations - Lifecycle Management, Associate

Country:
United States of America

Overview

The Whole Loans Operations Associate plays a crucial role in executing the end-to-end operational processes supporting the acquisition and sale of residential mortgage products (QM, Non-QM, RTL’s and other mortgage products), reconciling loan remittances against loan servicers, executing payments for loan buys and sells, as well as supporting the operational processes ahead of securitization of the mortgages.

Job Function Description

Responsible for the execution of day-to-day operations for the Whole Loans business. Aims to deliver superior service to clients, internal and external, by executing according to policies and procedures ensuring high operational standards to execute service delivery.

Key Responsibilities

• Lifecycle management for whole loans including funding, servicing, and sales.

Daily Cash Management

• Communicate with the desk daily to confirm liquidity requirements.
• Work with internal counter parties to ensure financing is completed accurately and timely.

Whole Loan Fundings

• Act as liaison between trading desk, external clients, and Operations.
• Face off with the trading desk daily to ensure effective and efficient processes and mitigate risk.
• Work with cash management to ensure the accurate and timely funding of whole loan purchases.
• Liaise with custodians to ensure accuracy of inventory/collateral reports.

Whole Loan Servicing

• Act as liaison between the firm and external clients/vendors to process monthly servicing timely and accurately.
• Reconcile and process monthly remittance reports from servicers including interim.
• Work with the desk daily to ensure data integrity within the risk management system.

Whole Loan Sales

• Work with the desk to verify the economic details of the settlement and ensure that the receipt of funds matches the risk management details.
• Process risk management entries to reconcile and settle all transactions accurately and timely.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

In-depth knowledge of the Operational processes supporting Whole Loans Operations.

Skills

• In depth knowledge of residential mortgage products including QM, Non-QM and RTL’s as well as other mortgage products.
• Proficient knowledge of the remittance reconciliation process with mortgage servicers.
• In depth knowledge of the purchase, sales and settlements of mortgages.
• Able to analyze mortgage cashflow projections and identify differences between firm records and mortgage services record.
• Proficient working with loan files from mortgage services and able to map and reconcile data as needed.

Key Competencies

• Advance user of SBO
  2000 and Centricity software packages.
• Advance user of office tools in particular Excel.
• Python programming language a plus.

Education

Bachelor's Degree or equivalent work experience.

Work Experience

2-5 Years.

Base Pay Range

$63,750.00 USD - $ USD (annualized salary range).

Benefits

Your contribution matters and it’s recognized. You can expect a fair and competitive rewards package that reflects the impact you create and the value you deliver. We know rewards go beyond numbers. Offering more than just a paycheck our benefits are designed to support you, your family and your well‑being, now and into the future.

Risk Culture

We embrace a strong risk culture and all of our professionals at all levels are expected to take a proactive and responsible approach toward risk management.

EEO Statement

At Santander, we value and respect differences in our workforce. We actively encourage everyone to apply. Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.

Working Conditions

Frequent minimal…