Senior Vice President, Director of Transaction Management

Role Overview

• As the Director of Transaction Management will be responsible for all trade contracts including MLPAs, Bailee Agreements, non-disclosure agreements, purchase and sale agreements.
• You'll lead the Transaction Management team that processes loan sales to third party investors.
• You'll negotiate trade transaction for capital market transactions, including contracts, trade confirmations as well as other transaction items.
• You'll also work with investors and various internal groups to ensure all contracts are completed accurately.
• Lead contract negotiations for all capital market transactions.
• Act as liaison between investors and internal business stakeholders such as traders, legal counsel, quality control, accounting, treasury and servicing departments.
• Work closely with the Trading Desk to address any issues with mortgage loan allocations and trades to ensure prompt resolution of issues and timely settlements.
• Responsible for primary relationship management with investors; establish timelines for due diligence review and settlement deliverables.
• Manage a team of Transaction Managers responsible for executing and completing the teams’ daily responsibilities and trade settlements.
• Negotiate non-disclosure agreements, trade confirmations, purchase confirmations, and purchase and sale agreements related to whole loan sales and mortgage servicing rights sales transactions.
• Coordinate the execution of bailee letters and the shipment of collateral files to the investors’ custodians, while ensuring all necessary releases from interested parties are obtained.
• Monitor due diligence process to ensure timely follow up with internal & external business partners for resolution of data and collateral defects preventing the sale of the loans as well as ensure all data delivered to the investor is accurate and complete while all loans meet the trade parameters.
• Review and approve final funding population with investors and facilitate the settlement process including the repricing of the trade, execution of closing documentation, reviewing the funding schedule for accuracy, compiling mortgage loan schedule data, and communicating settlement funds to warehouse lenders and to the treasury department.
• Coordinate and monitor the servicing transfer process between the investors and the servicing department as well as ensure any issues that arise are addressed and resolved timely.
• Prepare/review monthly management report.
• Lead and develop a team: responsible for hiring, coaching, performance management, training and development.

Requirements

• 10+ years of related experience in Capital Markets Transaction Management or similar field
• Bachelor's degree in related field required; Masters or MBA in related field preferred
• Previous leadership experience required
• Advanced to expert knowledge of residential mortgage industry in Correspondent or Retail Lending; including sales, operations, capital markets and/or other residential mortgage products and services
• Advanced to expert knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices
• Advanced to expert residential mortgage industry with experience in Capital Markets transaction management, contract finance and due diligence
• Intermediate to advanced experience with SQL and MS Excel with ability to create ad hoc reports and analyses using functions such as nested formulas, lookups, pivot tables, etc.
• Expert speaking and writing communication skills.

Tech Stack

• SQL

Benefits

• competitive salaries
• an ownership stake in the company
• medical and dental insurance
• time off
• a great 401k matching program
• tuition assistance program
• an employee volunteer program
• a wellness program