CIB Residential Mortgage Finance, Associate

The Role

The Residential Mortgage Finance Associate will be a key member of the Residential Mortgage Finance team within the Securitized Products Group (SPG), supporting the origination, analysis, structuring, underwriting, and portfolio management of financing solutions for mortgage-related clients.

Responsibilities

• Analyze residential mortgage collateral, loan tapes, review collateral eligibility, concentration limits, track performance triggers and monitor portfolio performance trends
• Review underwriting guidelines of prospective clients to evaluate their various origination programs
• Review client financial statements, liquidity, leverage, profitability, origination volumes, servicing portfolio performance, and operating metrics
• Support underwriting, structuring, approval, and ongoing management of residential mortgage financing arrangements
• Prepare internal credit memoranda, transaction summaries, client presentations, portfolio reviews, and approval materials
• Aid in due diligence on mortgage originators, servicers, aggregators, and other residential mortgage finance clients
• Evaluate residential mortgage loan performance, including delinquencies, prepayments, defaults, repurchases, early payment defaults, and servicing-related metrics
• Maintain monitoring of borrowing collateral, covenant compliance, margining, and facility utilization
• Coordinate with internal teams, and the various lines of defense including Risk, Legal, Compliance, Operations, Treasury, Finance, and Audit
• Coordinate with external stakeholders, including clients, legal counsel, document custodians, valuation providers, and third-party diligence firms
• Review transaction documentation, including credit agreements, security agreements, custodial agreements
• Maintain monitoring of residential mortgage market trends, agency and non-agency lending developments, interest rate trends, origination volumes, servicing valuations, and regulatory developments
• Provide analytical support for new business opportunities and existing client relationships

Qualifications

• Minimum of 3 years of experience in residential mortgage finance, mortgage warehouse lending, specialty finance, commercial banking, structured lending, mortgage banking, credit underwriting, or related financial services disciplines
• Experience evaluating mortgage lenders, servicers, aggregators, mortgage collateral, warehouse facilities, MSR financing, or servicing advance facilities preferred
• Familiarity with residential mortgage origination, servicing, collateral eligibility, agency guidelines, non-agency mortgage products, and mortgage industry risk factors preferred
• Strong attention to detail and problem-solving capabilities
• Experience analyzing residential mortgage collateral, loan-level data, client financial statements, and borrowing base reporting
• Understanding of residential mortgage lending, mortgage company finance, collateral valuation, warehouse lending mechanics, and secured credit facilities
• Strong understanding of credit risk, liquidity risk, counterparty risk, collateral risk, and operational risk in residential mortgage finance
• Strong financial modeling, credit analysis, and analytical skills
• Proficiency with Excel and financial analysis tools
• Familiarity with mortgage finance systems, loan tapes, custodial reporting, collateral reports, and mortgage data fields preferred
• Excellent written, verbal, and presentation skills
• Ability to manage multiple priorities and deadlines in a fast-paced environment
• Self-motivated team player with the ability to work independently and collaboratively across functions

Preferred Qualifications

• Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.

Benefits

Comprehensive benefits to our people, including health coverage and PTO, retirement planning, and more.

Additional Information

We are committed to providing an inclusive and accessible application process for all candidates. If you require any assistance or accommodation due to a disability or any other reason, please contact us at TAOps@santander.us to discuss your needs.