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Vice President-Residential Whole Loan Due Diligence

Salary
Competitive
Employment
Full Time
Work Place
Office
Real Estate Field
Location
New York
 NY
Postal Code
10022
Country
United States

This job is no longer active.

Description


Our client is a leading global investment bank. As a market leader, the talent and passion of their people is critical to their success. Their values are rooted in integrity, excellence and strong team ethic. Our client can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow.

 

 

Our client’s residential whole loan desk is looking for a Vice President who can join their team on-site in New York City. The candidate will manage a team and oversee various facets of due diligence and transactional activities for various whole loan products.

 

 

Some of the candidates’ primary responsibilities and qualifications desired are mentioned below.

 

 

Responsibilities:

  • Whole Loans Due Diligence –  track, report, analyze and cure loan due diligence findings based on compliance, credit, title, valuation, servicing data, and collateral
  • Coordinate and prepare diligence findings, reporting, material preparation, and curative actions for third party RMBS securitization underwritings between counterparties, legal counsel, vendors, rating agencies, servicers, and custodians
  • Identify and target high-risk issues to make suitable recommendations to trading desk for re-pricing / drop adjustments for whole loan acquisitions and sales and for third parties via advisory agreements
  • Lead internal effort to review and negotiate all deal documentation and create subsequent exhibits, prepare funding schedules and review and interpret diligence findings in coordination with the trading desk and external counsel for pricing and settlement of whole loan acquisition and sale transactions
  • Organized and monitored due diligence activities, servicing transfers, loan document transfers, and operations between internal groups, vendors, servicers and custodians while communicating progress and collaborating with counterparties from bid through settlement
  • Vendor Management – worked with the internal legal, procurement and information security teams to onboard new vendors and to monitor vendor performance.
  • Oversee the inventory of mortgage loan collateral held on the firm’s repo financing lines, as well as whole loan owned assets.
  • Ensure that potential funding pools are in compliance with established facility concentration and risk limits.
  • Ensure good communication with front office personnel, risk, legal, and outside clients in order to control the risks associated with the funding process.
  • Oversee due diligence process, including managing third-party vendors' review efforts

 

 

 

Requirements:

  • 5+ years of experience leading teams in due diligence process
  • Strong knowledge of residential real estate
  • Bachelor’s degree required
  • Ability to work in a fast-paced culture
  • Strong leadership and project management skills
  • Demonstrated abilities of meeting deadlines, being self-motivated, having attention to detail, and executing at a high level

About SitusAMC

SitusAMC is the leading provider of consulting, outsourcing, talent and technology solutions, supporting institutional lenders and investors, across the life cycle of commercial and residential real estate debt and equity. The firm employs more than 3,300 employees with offices in 27 markets across the U.S., Europe and APAC.


SitusAMC brings together the industry’s top talent, unparalleled platform and innovative technologies to help clients optimize returns, identify risk, transform processes and infrastructure, and ultimately, realize opportunities in their businesses.

SitusAMC is an Equal Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

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EOE/M/F/D/V

 

Job Sector


 

Experience


5+ to 7 years


This job is no longer active.

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