Warehouse Lending Specialist

About this Role

The Warehouse Lending Specialist position will be a position that is client-facing with internal duties and responsibilities. This person will be expected to correspond to clients in a timely, respectful, and professional manner.

 

Funding - Warehouse Lending Specialist will work in unison with peers in managing the funding requests, processing additional wires, new title agent approvals, and end of day reporting requirements. 

 

Collateral - Warehouse Lending Specialist will receive, process, and release all collateral(notes). This role is responsible for the safekeeping of the note, in a fire-proof vault, while the note is in First Bank’s possession.

 

Settlements - Warehouse Lending Specialist will assist in processing daily settlements and help manage the flow of settlement wires to ensure the GL’s balance daily.

 

• This is a Funding role within Mortgage warehouse lending.
• Mortgage Warehouse knowledge is a plus but not required.
• Basic knowledge of industry products is preferred.

Key Responsibilities

• Responsible for corresponding with clients in a timely, respectful, and professional manner and to meet the daily demands of SLA’s.
• Must be able to adhere to the various types of funding requirements per the industry product codes/document types.
• Must be able to process loan settlements to balance to GL’s daily.
• Receives, processes and ships collateral to the final takeout investor. Ensures the collateral meets all requirements for the selected takeout investor.
• Must confirm borrowers signatures are original, not copies. Ships all daily collateral release requests and makes the daily mail drop, on or off site.
• Manages the missing collateral report by tracking Promissory Notes that have not been received within the period allotted.
• Completes the MERS assignment in the MERS database (members.mersinc.org), when applicable.
• Maintains current and accurate Investor endorsement verbiage at all times. Engages in frequent communication with management and client’s shipping team to keep abreast of any pertinent investor changes.
• Will assist in processing settlements, daily.
• Cross-trains with other departments to assist when other team members are out.
• Completes, and passes, all required regulatory compliance training as assigned by the Bank.

KNOWLEDGE, SKILLS & ABILITIES

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  • Meticulous with the ability & desire to learn new tasks.
  • Accurate and efficient in work abilities.
  • Strong, courteous, and professional communication skills.
  • Self-sufficient and not afraid to ask questions for guidance.
  • Ability to stand for extended periods of time.
  • Ability to multi-task frequently.

   

  • QUALIFICATIONS/EXPERIENCE

   

  • High School diploma or equivalent.
  • Must be proficient in Microsoft Office product Suite. Outlook, Word, & Excel.
  • Experience with or the ability to quickly learn the banks Warehouse System of record.
  • Must be familiar with loan documentation or ability to be trained quickly.
  • Prior mortgage warehouse lending experience preferred, but not

   

  WORKING CONDITIONS:

   

  Generally works in an office environment or from a remote home office.

   

  PHYSICAL REQUIREMENTS:

   

  ☒Must be able to remain in a stationary position up to 75% of the time.

  ☒Must be able to occasionally move about inside the office to access file cabinets, office machinery, etc.

  ☒Continually operates a computer and/or other office equipment, such as a copy machine, printer, etc.