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Mortgage Warehouse Collateral Analyst

Origin Bank
6 hours ago
Full-time
On-site
Frisco, TX, United States
Indeed

Your Career. Your Story. Let's Write the Next Chapter Together. At Origin Bank, a job isn't just a paycheck - it's a meaningful journey. We're committed to helping you grow both professionally and personally in an environment where people come first. We offer a competitive total rewards package, including generous benefits and compensation tailored to your skills, experience, and education. What truly sets us apart is our people-first culture. Here, you'll be supported by unique initiatives like our Dream Manager program, one-on-one guidance from a nationally certified health and wellness coach, and free access to certified financial professionals who are here to help you plan for your future. If you're looking for a career that empowers you to make meaningful connections, positively impact others, and pursue your personal and professional dreams-we'd love to meet you. Apply today and start the most rewarding chapter of your career with us. Job Description Receives, reviews, logs and properly stores all original collateral received from Clients and closing agents; prepares original Notes and Bailee letters for shipment to takeout investors; processes receipt and settlement of incoming investor wires. Essential Duties and Responsibilities include the following. Processes daily incoming collateral; opens mail received from clients and closing agents; reviews original Notes against funded loans in WLS; logs Notes in WLS Manages collateral inventory; performs weekly audits of all mortgage Notes in the Bank’s possession to ensure an accurate inventory. Monitors aged outstanding collateral (“Wet Note”) reports; follows up with clients and updates status in WLS. Prepares original Notes and Bailee letters for timely shipment to takeout investors; properly endorses, stacks, scans and packages Notes by client and investor prior to shipment. Processes receipt and settlement of incoming wires from investors and return wires from closing agents; allocates funds to loans in accordance with purchase advices. Gathers required documentation to obtain investor approvals on behalf of Clients; sets up new investors in WLS; links approved investors to client accounts as requested. Approves loans for disbursement. Prepares agency pool documents for execution and delivery. Reviews Jumbo loans up to $1MM for funding approval. Adds/updates WLS User information for clients; Resets passwords per client request. Researches and resolves GL outages reported by Accounting. Responds timely to client emails concerning information requests, quality control documentation, return wires, funding cancellations, updates, wire confirmations, etc. Trains new Warehouse Lending employees and Clients as needed. Processes daily IBS transfers for all client residuals, or QC’s team member’s transactions Processes daily CNB participation transfers, or QC’s team member’s transactions Updates GMFS daily balances spreadsheet, used to calculate utilization Reviews new investor financials and product matrixes for approval Processes monthly Libor updates in WLS Cross trains in any area where Warehouse Lending VP sees the opportunity for continued training or support. Attends industry events; representing Origin Bank Warehouse Lending Department in a professional manner. Supervisory Responsibilities This job has no supervisory responsibilities. Qualifications To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Education and/or Experience Minimum two years related experience and/or training in mortgage banking with warehouse lending, and mortgage shipping; or equivalent combination of education and experience. Compliance Requirements Responsible for compliance under the requir…

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