CIB PPT Lending Whole Loan Operations, Analyst - Dallas/Miami at Santander

Dallas, Texas, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Banking, MortgageIndustries

Requirements

In depth knowledge of residential mortgage products including QM, Non QM, RTL’s and other mortgage products
Proficient knowledge of the remittance reconciliation process with mortgage servicers
In depth knowledge of the purchase, sales and settlements of mortgages
Able to analyze mortgage cashflow projections and identify differences between firm records and mortgage servicers records
Proficient working with loan files from mortgage servicers and able to map and reconcile data as needed
Advanced user of SBO2000 and Centricity software packages
Advanced user of office tools in particular Excel
Python programming language a plus
Bachelor's Degree or equivalent work experience
2-3 Years work experience

Responsibilities

Lifecycle management for whole loans including funding, servicing, and sales
Daily cash management Analyst with the whole loan activity: Communicate with the desk daily to confirm liquidity requirements. Work with internal counterparties to ensure financing is completed accurately and timely
Whole loan fundings: Act as liaison between trading desk, external clients, and Operations. Face off with the trading desk daily to ensure effective and efficient processes and mitigate risk. Work with cash management to ensure the accurate and timely funding of whole loan purchases. Liaise with custodians to ensure accuracy of inventory/collateral reports
Whole loan servicing: Act as liaison between the firm and external clients/vendors to process monthly servicing timely and accurately. Reconcile and process monthly remittance reports from servicers including interim. Work with the desk daily to ensure data integrity within the risk management system
Whole loan Sales: Work with the desk to verify the economic details of the settlement and ensure that the receipt of funds matches the risk management details. Process risk management entries to reconcile and settle all transactions accurately and timely
Execute the end-to-end operational processes supporting the acquisition and sale of residential mortgage products (QM, Non QM and RTL’s and other mortgage products)
Reconcile loans remittances against the loan servicers
Execute the payments for loans buys and sells
Support the operational processes ahead of securitization of the mortgages
Responsible for the execution of day-to-day operations for the Whole Loans business, delivering superior service to clients, internal and external, by executing according to policies and procedures ensuring high operational standards

Skills

Whole Loan Operations

Loan Reconciliation

Cash Management

Mortgage Funding

Loan Servicing

Securitization

Residential Mortgages

QM Loans

Non-QM Loans

RTL Loans

Santander

Provides banking, investment, and insurance services

About Santander

Santander Bank provides a variety of financial services to individuals, small businesses, and large corporations in the United States. Its offerings include savings and checking accounts, loans, credit cards, and investment products. The bank also has specialized services through Santander Investment Services and insurance products via Santander Securities LLC. Santander stands out from its competitors by focusing on community growth, committing $13.6 billion to support initiatives like the 'Cultivate Small Business' program, which aids early-stage entrepreneurs, especially from underrepresented groups. The bank generates revenue through interest on loans, service fees, and commissions, while promoting responsible banking practices and financial education. Santander's goal is to empower individuals and businesses, enhance community prosperity, and provide comprehensive financial solutions.

Boston, MassachusettsHeadquarters

1902Year Founded

$75MTotal Funding

POST_IPO_DEBTCompany Stage

Fintech, Financial ServicesIndustries

10,001+Employees

Benefits

Health, dental, & vision

401k

Flexible PTO

Parental & sick leave

Discounts: technology, travel, auto, fitness, & tuition

Risks

ISO 20022 transition may challenge smaller business partners.

'Quishing' attacks pose a growing threat to consumer security.

Openbank faces competition in the U.S. high-yield savings market.

Differentiation

Santander's Openbank offers a 5.00% APY high-yield savings account nationwide.

The bank's Inclusive Communities Plan pledges $13.6 billion for community initiatives.

Santander's ISO 20022 adoption enhances operational efficiency and data management.

Upsides

Openbank's high-yield savings account attracts more U.S. customers.

Santander's renewable energy financing highlights commitment to sustainable investments.

Proactive cybersecurity measures enhance customer trust and protect digital assets.

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