Collateral Specialist at Plaza Home Mortgage

United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Mortgage, BankingIndustries

Requirements

High school diploma or equivalent required
1 year prior experience in the mortgage banking industry required
Excellent written, verbal, and interpersonal communication skills essential
Exceptional attention to detail with the ability to consistently prioritize and produce accurate work within set deadlines required
Ability to manage time and multi-task in a fast-paced environment with heavy volume of transactions is crucial
Strong commitment to customer and associate service
Excellent problem-solving skills
Ability to use independent judgment skills essential to making quick decisions within written policy and standard operating procedures
Proven aptitude to work in both a team and individual environment
Proficiency with computer systems including MS Office (Word, Excel, and Outlook) and Internet Browsers
Knowledge of DataTrac a plus

Responsibilities

Track daily collateral shipped reports to ensure timely delivery of collateral from Correspondents to the applicable warehouse banks
Contact Correspondents regarding any outstanding collateral packages and exceptions
Communicate with warehouse banks to clear Correspondent loans for purchase
Run daily funded allocation reports and request notes to be shipped from the applicable warehouse bank to Investors
Check daily outstanding aged collateral reports
Assess timely Correspondent MERS Beneficial Interest and Servicing transfers
Monitor daily warehouse bank exception reports and clear accordingly
Other duties as assigned

Skills

Key technologies and capabilities for this role

collateral trackingcorrespondent communicationwarehouse bank coordinationMERS transfersexception clearingreport analysisattention to detailtime managementmulti-taskinginterpersonal communication

Questions & Answers

Common questions about this position

What is the salary for the Collateral Specialist position?

The salary is $19 - $23 per hour.

Is this a remote position?

Yes, this is a fully remote position.

What skills are required for this role?

Required skills include excellent written, verbal, and interpersonal communication; exceptional attention to detail and ability to prioritize accurate work within deadlines; ability to multitask in a fast-paced environment; strong problem-solving skills; and proficiency with MS Office and internet browsers. 1 year of mortgage banking experience and a high school diploma are also required.

What is the company culture like at Plaza Home Mortgage?

Plaza is committed to building quality, long-term relationships with clients through comprehensive programs and exceptional customer experience, and is an EEOC employer dedicated to preventing discrimination and providing equal employment opportunity.

What makes a strong candidate for the Collateral Specialist role?

A strong candidate has 1 year of mortgage banking experience, a high school diploma, excellent communication and problem-solving skills, attention to detail, multitasking ability in fast-paced settings, and proficiency in MS Office; knowledge of DataTrac is a plus.

Plaza Home Mortgage

Mortgage lending and loan servicing solutions

About Plaza Home Mortgage

Plaza Home Mortgage provides a range of mortgage products, including conventional loans, FHA loans, VA loans, and specialized options like home equity and reverse mortgages. They operate through Wholesale lending, partnering with brokers for tailored solutions, and Correspondent lending, assisting banks in managing their loan portfolios. The company generates revenue from origination and servicing fees and has reintroduced the Solutions Non-QM program to serve borrowers outside traditional criteria. Their goal is to enhance client relationships through education and continuous improvement.

San Diego, CaliforniaHeadquarters

2000Year Founded

N/ACompany Stage

Financial ServicesIndustries

501-1,000Employees

Benefits

Hybrid Work Options

Risks

Increased competition in Non-QM market could pressure Plaza Home Mortgage's profit margins.

Rising interest rates may decrease refinancing activities, impacting origination fee revenue.

Potential stricter regulations on Non-QM loans pose compliance risks for the company.

Differentiation

Plaza Home Mortgage offers a wide range of loan products, including Non-QM loans.

The company operates through Wholesale and Correspondent lending channels for diverse client needs.

Plaza Home Mortgage emphasizes client education and technology enhancements for competitive advantage.

Upsides

Increased demand for Non-QM loans offers growth opportunities for Plaza Home Mortgage.

Digital mortgage solutions align with borrower preferences, enhancing customer experience.

Expansion of reverse mortgage market provides opportunities to leverage home equity for retirees.

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