Servicing And Portfolio Oversight Manager

SERVICING AND PORTFOLIO OVERSIGHT MANAGER (NON QM and RTL)

Ellington is an SEC-registered investment adviser founded in December 1994 with approximately $12 billion of assets currently under management in hedge funds, institutional accounts, and public vehicles. Ellington manages portfolios of agency and non-agency residential mortgage-backed securities and opportunistically invests in other target assets including corporate loans, commercial mortgage-backed securities, mortgage-related derivatives and other asset-backed securities. The firm employs approximately 170 people at its offices in New York City, Old Greenwich, Connecticut and London. More information regarding Ellington can be found at www.ellington.com.

Position Summary

Ellington, through its correspondent loan purchase platform, acquires Consumer and Business Purpose Non QM loans as well as business purpose residential, and multifamily bridge loans throughout the US from a network of private lenders. The latter is the primary focus for this position and those loans are short term bridge, Ground up Construction and Fix-flip loans. Ellington is seeking a Servicing Oversight Manager for our growing team. The ideal candidate will have 5+ years of experience in managing loan servicing operations from on-boarding, collections, loss mitigation, foreclosure, and REO and reporting to management. Previous experience working for a fix/flip lenders or loan aggregators is a plus.

Responsibilities:

• Comprehensive Servicer and portfolio oversight of multiple lenders and servicing entities that support both a aggregation to securitization and portfolio loan acquisition strategy.

• Management focus areas include: on-boarding, collections, escrow management, claims, collateral management, foreclosure, bankruptcy, with a heavy emphasis on loss mitigation strategy and REO asset management

• Maintain internal Operations manual and ensure servicer and asset manager compliance with established protocols

• Perform due diligence and vetting of new servicing and asset management entities

• Develop, maintain and present loan and portfolio management reports to senior management

Qualifications:

• 5+ years in servicing management in the residential loan space

• Ability to manage multiple projects at a time and prioritize accordingly

• Ability to effectively communicate, both written and verbally, with Senior Management regarding the progress and results of volume and timelines

• Ability to work effectively under time constraints

• 4-year degree from accredited university preferred

Additional:

• Remote work environment is possible for the right candidate.

• Full time or 1099 options may be available.

Ellington Management Group is an Equal Opportunity Employer. Ellington's policy is to extend opportunities to qualified applicants and employees on an equal basis regardless of an individual's sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age or any other characteristic protected by applicable law.