What are the responsibilities and job description for the Collateral Analyst – Associate 1 position at Verus Mortgage Capital?
The Collateral Analyst – Associate I will support the post-acquisition collateral process by coordinating with Sellers and custodial vendors, reviewing collateral and legal documentation for completeness and enforceability, tracking and resolving collateral exceptions, and ensuring accurate, timely delivery of collateral to support securitization and whole loan sale strategies.
Responsibilities and Duties:
- Collaborate with Sellers and third-party custodial vendor(s) to ensure appropriate documents and data are captured/received and files are processed for transactions within established timeframes.
- Ensure legal document collateral is valid, enforceable, and serviceable to meet all operational components of the business strategies.
- Ensure Sellers resolve exceptions for final document delivery, securitization, and whole loan sales in a timely manner.
- Ensure all necessary information and data has been communicated to internal counterparts to successfully service mortgage loans and ready them for securitization and future sale.
- Provide guidance and training of Verus requirements to Sellers and Custodian(s) as needed.
- Provide backup support for other collateral team roles as needed.
- Contribute to the development and maintenance of processes, policies, and systems to support the post-acquisition collateral process.
- Contribute to the completion of additional projects & responsibilities, as assigned, that contribute to the growth & well-being of the company.
How This Role Demonstrates Our Values:
- Integrity: Shows integrity and ethical conduct when reviewing sensitive legal documents and collaborating with partners.
- Collaboration: Treats internal and external partners with respect and professionalism.
- Excellence: Upholds Verus’ commitment to operational excellence, customer service, and responsible mortgage lending.
- Critical Curiosity: Demonstrates accountability in tracking, resolving, and communicating collateral exceptions.
Education and Experience:
- Undergraduate degree preferred (Finance, Business, or related field), or an equivalent combination of education and transferable skills.
- No prior mortgage or financial industry experience required – candidates from other industries must bring strong analytical, organizational, or problem-solving abilities.
- Experience in mortgage, accounting, banking, servicing, or investment banking is a plus, but not mandatory.
- Ability to learn and interpret mortgage-related documents; familiarity with closing or post-closing legal documents for residential or commercial loans is beneficial but not required.
- Willingness and ability to learn industry systems and processes; prior exposure to MERS® or loan transfer systems is a plus but not required.
- General understanding of compliance or regulatory environments is helpful, but transferable experience in detail-oriented, process-driven work is equally valuable.
- Intermediate proficiency in Microsoft Excel, Word, and Outlook.
- Familiarity with workflow/enterprise systems is beneficial but not required.
- Ability to work independently with minimal supervision, while also collaborating effectively within a small team environment.
- Strong organizational skills with the ability to manage multiple time-sensitive tasks and projects.
- Excellent communication and interpersonal skills; high energy, proactive, and team oriented.
- Maintains a positive attitude and delivers exemplary internal and external customer service.
- Transferable skills such as attention to detail, process management, analytical thinking, and adaptability are strongly valued.
Benefits
- Great compensation package
- Attractive benefits plans and paid time off
- 401(k) w/ company matching
- Professional learning and development opportunities
- Tuition Reimbursement
- And much more!
Successful applicants will exemplify strong ethics, integrity, respect for others, accountability for decisions and actions, and good citizenship.
Maintaining a reliable, uninterrupted high speed internet connection is a requirement of hybrid or remote positions.
Maintaining a reliable, uninterrupted high speed internet connection is a requirement of hybrid or remote positions.
All job duties and responsibilities must be performed within the guidelines of the Verus Residential Mortgage Employee Handbook and established company policies and procedures. It is the responsibility of each employee to maintain confidentiality of the company, its clients and to follow applicable laws and regulations in the performance of duties.
Verus Mortgage Capital is an equal opportunity employer. All qualified applicants are welcomed to apply and will receive consideration for employment without unlawful discrimination because of a person’s race, religious creed, color, national origin, citizenship status, ancestry, marital status, sex, age, or sexual orientation, or because of a person’s disability or medical condition.
About Invictus Capital Partners / Verus Mortgage Capital
Verus Mortgage Capital is an independent national mortgage investor. Verus offers its Sellers
responsible non-prime and Jumbo prime lending products that fill the credit void in today’s market. Verus consistently evaluates today’s market and credible borrower financing needs to offer our partners innovative solutions. Verus Mortgage Capital is an affiliate of Invictus Capital Partners please visit our website at https://verusmc.com/.
responsible non-prime and Jumbo prime lending products that fill the credit void in today’s market. Verus consistently evaluates today’s market and credible borrower financing needs to offer our partners innovative solutions. Verus Mortgage Capital is an affiliate of Invictus Capital Partners please visit our website at https://verusmc.com/.
Department
Post Acquisition Collateral
Employment Type
Full Time
Location
Bloomington, MN
Workplace type
Hybrid
Compensation
$60,000 - $70,000 / year
Reporting To
Collateral Oversight & Post Closing Manager
Salary : $60,000 - $70,000