What are the responsibilities and job description for the COLLATERAL SPECIALIST position at Vellum Mortgage Inc.?
Job Description- Collateral Specialist
Position Overview
The Collateral Specialist will report to the Post-Closing Manager. Collateral specialist ensures loan files are received, completed, audited, shipped and sold correctly. The position requires you to be detail oriented with strong problem-solving skills.
Position Requirements
- Experience: None (Entry level position), Encompass experience preferred but not required
- Compensation Range: Depending on Experience
- Education: High School Diploma required
- Work Condition: Fulltime, Hourly, Potential for overtime (as needed), in-office
- Expectation:
- Strong analytical and problem-solving skills
- Ability to work independently
- Attention to detail
- Proactive
- Strong organizational skills.
- Excellent verbal and written communication skills.
- Ability to meet deadlines in a fast-paced environment.
- Responsibilities:
- Receive, log and ship out Collateral and Final Documents daily.
- Audit loan files for completeness and accuracy.
- Deliver loans to investors within the set delivery lock date.
- Daily reconciliation of investor exception reports.
- Clear all deficiencies within the investor lock period.
- Ensure suspense conditions are accurate.
- Maintain a daily log of outgoing suspense conditions from Investor.
- Update notes daily in the Loan Origination System based on Investor suspense reports.
- Reviews and obtains purchase advice for the accounting department.
- Perform other related duties as requested.
- Physical Requirement: Must be able to lift 20 lbs. boxes of paperwork.
Salary : $18 - $22
