Pre-Acquisition Collateral Analyst

Company

Verus Mortgage Capital is an independent national mortgage investor. Verus offers it’s 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/.

Role

Verus Mortgage Capital is seeking a Pre-Acquisition Collateral Analyst to efficiently facilitate the legal document collateral aspect of the mortgage loan acquisition process.

The scope of this role includes, but is not limited to, coordinating document shipments to custodian, data reporting analysis, working with sellers to resolve custodian exceptions and, validation of third-party legal document data within established timeframes. The ideal candidate should have strong knowledge of mortgage legal documents (collateral) for a variety of mortgage products spanning personal and business purpose residential loans, and the ability to work with internal and external counterparts enabling the organization to successfully purchase, service, and securitize viable mortgage transactions. The office is located in Bloomington, MN, however remote candidates will be considered.

Accountabilities

  • Collaborate with sellers and third-party custodial vendor(s) to ensure appropriate documents and data are received and files are processed for acquisition within established timeframes.
  • Complete legal document collateral comparison for consistency with price lock including review of Note, Mortgage, Riders & Title. Collaborate with lock desk associates to research and resolve discrepancies.
  • Ensure legal document collateral is valid, enforceable, and serviceable to meet all operational components of the business strategies.
  • Ability to identify required conditions for missing requirements and/or data elements to facilitate the purchase of a loan in accordance with company guidelines
  • Ensure sellers resolve exceptions for initial legal document delivery/transfer in a timely manner for pre purchase.
  • Provide guidance and training of Verus requirements to Sellers and Custodian(s) as needed.
  • Provide backup support for other acquisition roles as needed.
  • Participate in the development and maintenance of processes, policies, and systems to support the acquisition process.
  • Complete additional projects & responsibilities as assigned that contribute to the growth & well-being of the company

Education and Experience

  • Undergraduate degree, preferably in finance or business, or equivalent work experience
  • Minimum 5 years’ relevant experience in the mortgage, accounting, banking, servicing or investment banking industry.

Required Skills/ Abilities

  • Working knowledge of mortgage product parameter.
  • A working knowledge of closing and post-closing legal documents for personal and business purpose residential mortgage loans; commercial lending legal document experience is beneficial
  • Working knowledge of state and federal compliance and regulatory environment a plus
  • Intermediate Microsoft Excel, Word, and Outlook skills
  • Familiarity with LMS software is beneficial
  • Ability to independently complete multiple time-sensitive tasks with minimal supervision
  • Ability to work both independently and collaboratively within a small team environment
  • Strong negotiation, communication and interpersonal skills, high energy, team player
  • Must have excellent customer service skills and be comfortable with candor, interaction with other team members, and clients/vendors
  • Maintaining a reliable, uninterrupted high speed internet connection is a requirement of hybrid or remote position

Physical Requirements

  • Prolonged periods sitting at a desk and working on a computer.

Preferred Requirements

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.

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