What are the responsibilities and job description for the Pre-Acquisition Collateral Analyst position at Invictus Capital Partners / Verus Mortgage Capital?
Description
Verus Mortgage Capital is seeking a Pre-Acquisition Collateral Analyst to efficiently facilitate the legal document collateral aspect of the mortgage loan acquisition process.
The scope of this role includes, but is not limited to, coordinating document shipments to custodian, data reporting analysis, working with sellers to resolve custodian exceptions and, validation of third-party legal document data within established timeframes. The ideal candidate should have strong knowledge of mortgage legal documents (collateral) for a variety of mortgage products spanning personal and business purpose residential loans, and the ability to work with internal and external counterparts enabling the organization to successfully purchase, service, and securitize viable mortgage transactions.
This position is based in our Bloomington, MN office and follows a hybrid work model, with 2–3 days per week onsite and the remainder remote.
Responsibilities and Duties:
- Collaborate with sellers and third-party custodial vendor(s) to ensure appropriate documents and data are received and files are processed for acquisition within established timeframes.
- Complete legal document collateral comparison for consistency with price lock including review of Note, Mortgage, Riders & Title. Collaborate with lock desk associates to research and resolve discrepancies.
- Ensure legal document collateral is valid, enforceable, and serviceable to meet all operational components of the business strategies.
- Ability to identify required conditions for missing requirements and/or data elements to facilitate the purchase of a loan in accordance with company guidelines
- Ensure sellers resolve exceptions for initial legal document delivery/transfer in a timely manner for pre purchase.
- Provide guidance and training of Verus requirements to Sellers and Custodian(s) as needed.
- Provide backup support for other acquisition roles as needed.
- Participate in the development and maintenance of processes, policies, and systems to support the acquisition process.
- Complete additional projects & responsibilities as assigned that contribute to the growth & well-being of the company
Education and Experience:
- Undergraduate degree, preferably in finance or business, or equivalent work experience
- Minimum 5 years’ relevant experience in the mortgage, accounting, banking, servicing, or investment banking industry.
- Intermediate knowledge of mortgage legal documents and collateral for various mortgage products.
- Experience with closing and post-closing legal documents; commercial lending experience is a plus.
- Familiarity with state and federal compliance and regulatory environment.
- Proficiency in Microsoft Excel, Word, and Outlook.
- Data reporting and analysis skills.
- Familiarity with Loan Management System (LMS) software.
- Ability to handle multiple tasks independently and meet deadlines.
- Strong communication, negotiation, and interpersonal skills.
- Excellent customer service skills.
- Attention to detail and problem-solving abilities. Flexibility to support other acquisition roles and projects as needed.
Key Competencies
- Collateral and Document Expertise: Strong understanding of mortgage legal documents across various loan types to ensure enforceability and compliance.
- Analytical Thinking: Ability to compare, validate, and reconcile document data, identify discrepancies, and resolve exceptions.
- Communication and Collaboration: Effectively works with sellers, custodians, and internal teams; provides guidance and resolves issues professionally.
- Attention to Detail: Reviews legal documents with accuracy to ensure clean acquisitions and minimize risk.
- Time Management: Manages multiple tasks and deadlines in a fast-paced acquisition environment.
- Adaptability: Supports other acquisition functions and contributes to process improvements and cross-functional initiatives.
How This Role Demonstrates Our Values
- Integrity: Ensures legal document accuracy and compliance to support clean, trustworthy acquisitions.
- Collaboration: Works closely with sellers, custodians, and internal teams to resolve exceptions and streamline processes.
- Excellence: Delivers high-quality, timely work that supports successful loan purchases and meets operational goals.
- Critical Curiosity: Proactively investigates discrepancies, improves processes, and asks thoughtful questions to support continuous improvement.
Benefits
- Great compensation package
- Attractive benefits plans and paid time off
- 401(k) w/ company matching
- Professional learning and development opportunities
- Tuition Reimbursement
- And much more!
Successful applicants will exemplify strong ethics, integrity, respect for others, accountability for decisions and actions, and good citizenship.
Maintaining a reliable, uninterrupted high speed internet connection is a requirement of hybrid or remote positions.
Maintaining a reliable, uninterrupted high speed internet connection is a requirement of hybrid or remote positions.
All job duties and responsibilities must be performed within the guidelines of the Verus Residential Mortgage Employee Handbook and established company policies and procedures. It is the responsibility of each employee to maintain confidentiality of the company, its clients and to follow applicable laws and regulations in the performance of duties.
Verus Mortgage Capital is an equal opportunity employer. All qualified applicants are welcomed to apply and will receive consideration for employment without unlawful discrimination because of a person’s race, religious creed, color, national origin, citizenship status, ancestry, marital status, sex, age, or sexual orientation, or because of a person’s disability or medical condition.
About Invictus Capital Partners / Verus Mortgage Capital
Verus Mortgage Capital is an independent national mortgage investor. Verus offers its Sellers
responsible non-prime and Jumbo prime lending products that fill the credit void in today’s market. Verus consistently evaluates today’s market and credible borrower financing needs to offer our partners innovative solutions. Verus Mortgage Capital is an affiliate of Invictus Capital Partners please visit our website at https://verusmc.com/.
responsible non-prime and Jumbo prime lending products that fill the credit void in today’s market. Verus consistently evaluates today’s market and credible borrower financing needs to offer our partners innovative solutions. Verus Mortgage Capital is an affiliate of Invictus Capital Partners please visit our website at https://verusmc.com/.
