The Transaction Manager position will be responsible for management and support of company’s residential mortgage related purchase / sale and security transactions. The successful candidate will be responsible for overall coordination and management of multiple processes to maximize the success of each transaction. The ability to successfully manage internal and external relationships is a vital skill for this role. The position requires experience with the mortgage industry, bulk whole loan purchase, bulk and flow whole loan sales, public / private security transactions, Freddie Mac and Fannie Mae cash and TBA sales and bulk and flow MSR servicing purchases and sales. The successful candidate will have a high level of interaction with internal parties (trading, sales, legal and compliance, structured finance) as well as external parties including loan sellers, dealers, warehouse providers and GSEs.
Coordinate certain transaction related functions and requirements with internal and external stakeholders
Manage transaction timelines with internal and external parties to ensure timely settlements
Work with the Transaction Data Manager to communicate and distribute transaction loan populations and data files as required per the transaction documents and requirements
Act as a backup to the Transaction Data Manager as needed or appropriate
Coordinate loan due diligence requirements with Transaction Due Diligence Manager and summarize statuses with appropriate stakeholders
Track and resolve collateral exception and certifications with third party custodians
Settle transactions in accordance transaction contracts and coordinate wires with Treasury department
Coordinate all Freddie Mac and Fannie Mae loan shipping and security delivery
Communications: The right candidate will have a large degree of internal and external diplomacy as well as understanding of perspective from various stakeholders. The right candidate can both listen effectively and communicate ideas concisely.
Industry knowledge: Position requires knowledge of mortgage banking, secondary markets, whole loan transactions, RMBS, and warehouse financing.
Interviewing and listening skills: Incumbent is required to engage individuals and groups to surface essential requirements information. Interpersonal skills, to help negotiate priorities and to resolve conflicts among appropriate stakeholders.
Analytical Skills: The right candidate must be able to critically evaluate the information gathered from multiple sources, reconcile differing views, decompose high-level information into details, and abstract up from low-level information to a more general understanding, and distinguish user requests from the underlying true needs.
Loan Due Diligence: Ability to evaluate, summarize and communicate residential loan due diligence results and exceptions.
Organizational skills: Requires the ability to plan, track and coordinate the gathering, review and summation of diverse and complex transaction related tasks, results and requirements to ensure timely and accurate loan purchase and sale transaction settlements.
Minimum 8 years of mortgage industry experience
Bachelors degree in finance or business
Technologically savvy, with the ability to work in varied systems.
Advanced Excel skills
High attention to detail and effective problem solving skills
Excellent oral and written communication skills
Analytical thinking ability, diplomacy and professionalism
TMR - 2 years ago
TMR is headquartered in Medina, Ohio just outside of Cleveland with global support in Europe and Canada, which enables us to distribute...