Collateral Specialist

NQM Funding, LLC aka Premier Mortgage Associates is a mortgage company with a 25-year history of helping people become new homeowners and refinancing others into a better financial situation. Serving clients needs is the core of our business. This basic principle of putting the client first is the reason we close loans based upon relationships, not leads. NQM Funding, LLC is not your typical mortgage companyand our clients appreciate that.

Our Corporate Office is looking to hire a Collateral Specialist. This position is not remote.

Job Title: Collateral Specialist

Reports To: Shipping Acquisitions Manager/Director of Acquisitions

FLSA Status: Non-Exempt

Department: Post-Closing

Division: Retail

Salary Range: $35K to $45K

This position is not remote.

Summary: Collateral Specialist will be responsible for completing functions related to the closed loan package and collateral document review. Imaging and preparing collateral to be sent to specific Warehouse Banks ensuring to meet their guidelines. This also include full review of collateral packages received from clients for Correspondent Purchase Channel. This includes performing services requiring interaction and communication with Warehouse Banks, Purchase Acquisitions Coordinators, Correspondent Clients, Investors and Secondary Department regarding loan file status. Additional responsibilities may be added.

Duties and Responsibilities include the following. Other duties may be assigned.

• Pulling critical collateral documents, such as original note, copy of deed/mortgage, trust agreements, power of attorney agreements, legal description, title work and closing disclosures to be shipped daily to warehouse banks.

• Process daily shipping of collateral to various warehouse banks.

• Issue instructions to warehouse banks to forward collateral received to investors as loans are allocated.

• Review and clear exceptions with warehouse banks to ensure collateral is received and processed promptly to the investors.

• Review daily report on outstanding notes not received and place calls to settlement/escrow agents to obtain the documents within specific timeframes to meet warehouse turn times.

• Pulling critical collateral documents, such as original note, allonge, copy of deed/mortgage, trust agreements, power of attorney agreements, legal description, title work, Note addendums, etc. to be reviewed for accuracy prior to purchase of loans in Correspondent Channel.

• Conditioning and clearing of collateral documents for Correspondent Channel.

• Assisting Correspondent Clients with Collateral issues.

• Maintains current knowledge of policies and procedures as they relate to documents and warehouse banks.

• Maintains familiarity with residential mortgage documents.

• Works directly with Shipping and Post-Closing

• Perform other duties as assigned

Skills:

• Critical thinking and problem-solving skills

• Planning and organizing

• Decision-making

• Communication skills

• Persuasiveness

• Influencing and leading

• Delegation

• Teamwork

• Negotiation

• Conflict management

• Adaptability

• Stress tolerance

Education/Experience:

Degree: High School Diploma or Equivalent. Encompass experience preferred. 3+ years prior experience preferred.

NQM Funding, LLC offers the following benefits:

• Medical Plan

• Dental Plan

• Vision Plan

• GAP Insurance

• Life Insurance paid by the company

• Voluntary Life Insurance

• 401K

• Pet Insurance

• Legal Shield/ID Shield

Equal Employment Opportunity:

NQM Funding, LLC management will maintain and observe personnel policies which will not discriminate or permit harassment or retaliation against a person because of race, color, creed, age, sex, gender, gender identity, gender expression, religion, national origin, ancestry, marital status, military or veteran status or obligation, the presence of a physical and/or mental disability or medical condition, genetic information, sexual orientation, and all statuses protected by applicable state or local law in all recruiting, hiring, training, compensation, overtime, position classifications, work assignments, facilities, promotions, transfers, employee treatment, and in all other terms and conditions of employment.

NQM Funding, LLC will also prohibit retaliation against individuals for raising a complaint of discrimination or harassment or participating in an investigation of same.

NQM Funding, LLC will also reasonably accommodate qualified individuals with a disability so that they can apply for a job or perform the essential functions of a job unless doing so causes a direct threat to these individuals or others in the workplace and the threat cannot be eliminated by reasonable accommodation or if the accommodation creates an undue hardship to NQM Funding, LLC.