AVP Transaction Manager

About the role

As the Transaction Manager, you'll act as the liaison between investors and internal business stakeholders such as traders, legal counsel, quality control, accounting, treasury, and servicing departments.

Responsibilities

• Establish timelines for due diligence review and settlement deliverables.
• Work closely with the Trading Desk to address any issues with mortgage loan allocations and trades to ensure prompt resolution of issues and timely settlements.
• Manage the day-to-day relationship with investors whose trades you oversee.
• Coordinate the negotiation of non-disclosure agreements, trade confirmations, and purchase and sale agreements related to whole loan sales and mortgage servicing rights sales transactions.
• Monitor the due diligence process to ensure adequate and timely resolution of investors’ conditions and exceptions.
• Coordinate the execution of bailee letters and the shipment of collateral files to the investors’ custodians.
• Tie-out final funding population with investors and facilitate the settlement process, including repricing the trade, executing closing documentation, reviewing the funding schedule for accuracy, compiling mortgage loan schedule data, and communicating settlement funds to warehouse lenders and the treasury department.
• Coordinate the servicing transfer process between investors and the servicing department.
• Serve as the primary private label securitization (PLS) transaction manager responsible for clearing due diligence and data exceptions, preparing and finalizing data tapes, and resolving collateral exceptions or other activities supporting PLS deals.

Requirements

• 5+ years of related experience in Capital Markets Transaction Management or a similar field.
• Bachelor's degree in a related field required.
• Intermediate to advanced knowledge of the residential mortgage industry in Correspondent or Retail Lending, including sales, operations, capital markets, and/or other residential mortgage products and services.
• Intermediate to advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards, and practices.
• Intermediate to advanced experience in the residential mortgage industry with experience in Capital Markets transaction management, contract finance, and due diligence.
• Intermediate to advanced experience with MS Excel, with the ability to create ad hoc reports and analyses using functions such as nested formulas, lookups, pivot tables, etc.
• Expert speaking and writing communication skills.

Pay

Salary range for new hires is $121,870.00 - $150,546.00 for Westlake Village, CA or Irvine, CA. The role may also be eligible for annual bonus/incentives.

Benefits

• Competitive salaries and an ownership stake in the company.
• Medical and dental insurance.
• Paid time off.
• 401k matching program.
• Tuition assistance program.
• Employee volunteer program.
• Wellness program.
• Opportunities to bolster business knowledge and gain hands-on experience in company operations and financial management.