Bachelor’s degree preferred or three to five years of related Secondary Marketing/Capital Markets Operations experience, such as Document Management, Document Custodian, or Post Closing.
Familiarity with Government Sponsored Entity and Bayview guidelines, products, and procedures.
Working knowledge of current mortgage banking practices, particularly shipping, custodial, warehouse, and settlement processes and policies.
Excellent verbal and written communication skills.
Strong interpersonal and organizational skills.
Proficiency with Microsoft Word and Excel.
Strong multi-tasking skills and ability to manage strict deadlines.
Strong analytical and problem-solving skills.
Ability to work collaboratively with peers, management, clients, and outside counterparties.
Ability to work under pressure to meet deadlines in a constantly changing environment.
Ability to work overtime as needed.
Responsibilities
Provide support to Non-Agency clients, Operations management, Correspondent Operations, and Transaction Management.
Oversee Non-Agency requests received in the Non-Agency Client Management email box.
Assist Non-Agency Correspondent TPO sellers throughout the purchase and post-purchase processes.
Maintain knowledge of investor program policies, operational procedures, and regulatory laws.
Identify and help resolve issues arising during the loan purchase process.
Work daily with the AVP of Operations as a point of contact to facilitate workflow.
Assist with day-to-day operational tasks, including reviewing Exclusionary List exception reports, responding to servicer questions on Correspondent TPO flow loans, assisting with the Express workflow pipeline, and assisting with the management of internal conditions.
Address immediate issues and concerns requiring attention.
Serve as the direct point of contact for Correspondent TPO clients needing assistance with acquisition-process matters outside underwriting review, including delivery of images and collateral, directing underwriting inquiries to the correct contacts, answering settlement questions, resolving or escalating servicing transfer issues, and monitoring final documents.
Overview
Overview
The Operations Specialist serves as the direct point of contact for all Correspondent TPO clients requiring assistance with any aspect of the acquisition process outside of the underwriting review. This includes, but is not limited to, delivery of images and collateral, advising of correct contacts for underwriting, aid in questions regarding settlement, resolving or escalating servicing transfer issues, and monitoring all final documents. This position requires best in-class customer service and communication skills and an understanding of loan programs, compliance rules, investor requirements and general mortgage origination standards. This individual will assist with the day-to-day operational tasks of the Non-Agency team.
RESPONSIBILITIES
Provide support to Non-Agency Clients, Operations management, Correspondent Ops, and Transaction Management.
Oversee the Non-Agency requests that come into the Non-Agency Client Management email box.
Offers assistance to all Non-Agency Correspondent TPO sellers throughout the purchase and post-purchase processes.
Maintain knowledge of investor program policies , operational procedures and regulatory laws.
Identifies and aids in solving issues that arise during the loan purchase process.
Works with AVP of Operations daily serving as a point contact to facilitate workflow process.
Assists with day-to-day operational tasks that include, but are not limited to reviewing the Exclusionary List exception reports, responding to servicer questions on Correspondent TPO flow loans, assisting the AVP of Operations with the Express workflow pipeline, and assisting with the management of internal conditions.
Consistently prepared to take on immediate issues/concerns that require attention.
Qualifications
Bachelor’s degree preferred or three to five years related Secondary Marketing/Capital Markets Operations experience (i.e. Document Management, Document Custodian, Post Closing, etc.).
Familiarity with Government Sponsored Entity (GSE) and Bayview guidelines, products and procedures.
Working knowledge of current mortgage banking practices, particularly an understanding of shipping, custodial, warehouse and settlement processes and policies.
Excellent verbal and written communication skills.
Strong interpersonal and organizational skills and ability.
Proficiency with MS Word and Excel.
Strong multi-tasking skills with the ability to manage strict deadlines.
Strong analytical and problem-solving skills.
Ability to work collaboratively with others, including peers, management, clients, and outside counterparties.
Self starter with the ability to work under pressure to meet deadlines in a constantly changing environment.
Ability to work overtime as needed
LOCATION and COMPENSATION:
This role is based in our Denver, CO office.
Base compensation is expected to be $55,000 - $70,000 + OT with the opportunity for incentive compensation including bonus compensation.
EEOC
Bayview is an Equal Employment Opportunity employer. All aspects of consideration for employment and employment with the Company are governed on the basis of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.
Legal action taken against Lakeview Loan Servicing, LoanCare, Lendmark Financial Services, and Carrington Mortgage Services for violating military rights.
Unfortunately, its firm has had to file multiple recent lawsuits against Lakeview Loan Servicing, LLC; LoanCare, LLC; Lendmark Financial Services, LLC; and Carrington Mortgage Services, LLC for blatant violations of deployed military servicemembers' rights pursuant to California Military & Veteran's Code § 800.
Each lawsuit alleges that, after its clients submitted written requests to invoke their statutory rights to deferment of principal and interest pursuant to C.M.V.C. § 800, each company failed to provide written responses within the required 30 day deadline. Therefore, Section 813 of the C.M.V.C. mandates that its clients are entitled to the deferment relief requested and each company therefore waived any ability to object or deny the requested relief.
Each lawsuit alleges that, despite mandatory application of deferment pursuant to C.M.V.C. 813, each company began accusing its clients of going into default, including some companies going so far as to threaten foreclosure even though it is blatantly obvious that its clients are protected from foreclosure not only pursuant to the C.M.V.C. but also pursuant to federal SCRA laws.
Some of these recently filed Complaints can be found in the Lakeview and LoanCare complaint, the Lendmark Financial complaint, and the Carrington Mortgage complaint.
To put it mildly, it seems to Temecula Consumer Attorneys that there are many mortgage companies in this Country that simply have no respect for its deployed military servicemembers and have no intention of honoring deployed military servicemembers' mandatory statutory protections for deferment.
If these issues sound familiar to something you are experiencing, please do not hesitate to contact its firm for a free and confidential evaluation of whether your rights have been violated as well.