What are the responsibilities and job description for the Senior Mortgage Purchase Specialist position at Western Alliance Bank?
Job Title
Senior Mortgage Purchase Specialist
Location:
Biltmore
What You'll Do
Coordinate the operational aspects for an assigned pipeline of mortgage whole loan transactions, which will often be the larger and more complex transactions. Interact with 3rd party diligence firms, and work closely with counterparties to clear conditions on loans for purchase or sale. Review collateral, trailing docs and custodian reports as needed. Direct servicing transfers and MERS updates. Act as subject matter expert for assignment of mortgages outside of MERS. Utilize strong spreadsheet skills to streamline the operations of the mortgage purchase team.
We offer all the important things you'd want — like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you’ll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!
About The Company
Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC. AmeriHome Mortgage is a Western Alliance Bank company.
Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.
© Western Alliance Bancorporation
Senior Mortgage Purchase Specialist
Location:
Biltmore
What You'll Do
Coordinate the operational aspects for an assigned pipeline of mortgage whole loan transactions, which will often be the larger and more complex transactions. Interact with 3rd party diligence firms, and work closely with counterparties to clear conditions on loans for purchase or sale. Review collateral, trailing docs and custodian reports as needed. Direct servicing transfers and MERS updates. Act as subject matter expert for assignment of mortgages outside of MERS. Utilize strong spreadsheet skills to streamline the operations of the mortgage purchase team.
- Interact with counterparties in the operational aspects of mortgage loans purchases and sales, which will often be the larger and more complex transaction.
- Interact with 3rd party Due Diligence vendors that review mortgage loans for the bank.
- Utilize knowledge of underwriting to help resolve conditions. Previous experience as an underwriter will be favorably considered.
- Work closely with customers to clear conditions needed to purchase loans. Work closely with investors to clear conditions on loan sales by the bank.
- Review collateral, trailing documents, and reporting from document custodians.
- Coordinate servicing transfers.
- Act as a primary MERS system user and subject matter expert for AOMs outside of MERS.
- Manage assigned loan pipeline to ensure deadlines are met.
- Serve as customer liaison to ensure customer expectations are met, service standards are adhered to, and issues are elevated and resolved in a timely manner.
- Utilize strong excel/spreadsheet skills to streamline operations.
- 3 years of experience in mortgage operations (processing, underwriting, closing, post-closing, or mortgage whole loan trading operations).
- Past experience with mortgage loans that have small defects (Scratch & Dent) will be favorably considered.
- Ideal candidate has experience in the operational aspects of mortgage whole loan transactions.
- Knowledge of credit, compliance, and collateral conditions that are commonly found on TPR securitization reports is a plus.
- Proficiency in: MERS, servicing transfer coordination, document custodian report review, collateral review and collateral tracking.
- Attention to detail.
- Strong oral, written, and interpersonal communication skills.
- Strong spreadsheet skills
- College degree preferred, but not required.
- Self-starter, self-reliant, dependable, ability to work within and meet specific time constraints. Ability to take ownership of items and see them thru to completion.
- Comfortable in a fast-paced work environment.
- Strong problem-solving skills.
We offer all the important things you'd want — like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you’ll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!
About The Company
Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC. AmeriHome Mortgage is a Western Alliance Bank company.
Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.
© Western Alliance Bancorporation
