Collateral Analyst III

About the role

At Origin Bank, we're dedicated to supporting your professional and personal growth within a people-first culture. Our total rewards package includes competitive compensation and benefits tailored to your skills and experience.

Responsibilities

• Processes daily incoming collateral, opening mail from clients and closing agents, reviewing original Notes against funded loans in WLS, logging Notes in WLS, adding notes to Not Funded log, sorting and flagging notes by investor, and filing notes not pending shipment.
• Reconciles daily custodial reports and updates WLS for notes received, notes shipped, and exceptions via daily import.
• Manages collateral inventory, performing weekly audits of mortgage Notes in the Bank’s possession to ensure an accurate inventory.
• Maintains eVault for receipt of eNotes, processes eDeliveries, and updates WLS accordingly via import file.
• Monitors aged outstanding collateral reports, following up with clients and updating status in WLS.
• Prepares original Notes and Bailee letters for timely shipment to takeout investors, running daily ship report for notes requested to ship by clients, endorsing each note according to investor guidelines, stacking, scanning, and packaging Notes by client and investor prior to shipment, preparing FedEx labels, and updating WLS to reflect Notes pulled and shipped.
• Gathers required documentation to obtain investor approvals on behalf of Clients, setting up new investors in WLS, linking approved investors to client accounts as requested.
• Maintains investor updates for endorsement requirements, collateral delivery changes, and ownership changes, updating WLS investor records and P&P accordingly.
• If responsible, may approve loans for disbursement.
• Prepares agency pool documents for execution and delivery, approving Freddie Mac security release forms in Freddie Mac Loan Advisor System, and approving Fannie Mae Bailee Letters in Fannie Mae system.
• Adds/updates WLS User information and provides installation instructions for clients, updating master Client List, and resetting passwords per client request.
• Responds to client emails concerning information requests, return notes, Allonges, shipping requests, tracking info, corrections needed, and research.
• Trains new Warehouse Lending employees and Clients as needed.
• Processes monthly SOFR EOM and Term Index updates in WLS, and reports changes to participating banks.
• Works with manager to provide documentation requested by internal and external auditors.
• Coordinates and implements quarterly FHLB Collateral Review for Warehouse.
• Manages collateral movement for internal “swings” from one warehouse line to another for client-to-client purchases, OTC modifications, and sublimit moves.
• Aids in Annual Investor Audit by obtaining current financial statements and product guidelines for management review and approval.
• Completes all Bank-assigned training in a timely manner.
• Attends industry events, representing Origin Bank in a professional manner.

Qualifications

To perform this job successfully, an individual should have knowledge of FIS eWire; IBS Insight WLS (Warehouse Lending system) software, Microsoft Word, Excel and Outlook. Minimum five years related experience and/or training in mortgage banking with warehouse lending, closing/funding, and mortgage shipping, or equivalent combination of education and experience.