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Transaction Manager

Mill Valley, CA 94941 | Work from home flexibility

Posted: 10/04/2024 Industry: Accounting / Finance Job Number: 3195

Job Description


Position Summary

The Transaction Associate/Manager is responsible for managing and supporting residential mortgage-related purchase/sale and security transactions. This position oversees and coordinates multiple processes to ensure the success of each transaction. Effective management of both internal and external relationships is crucial. The role requires experience in the mortgage industry, including bulk whole loan purchases, bulk and flow whole loan sales, and public/private security transactions. The position involves extensive interaction with internal teams (capital markets, underwriting, legal and compliance, IT, servicing, funding, treasury) and external parties such as loan sellers, loan buyers, brokers, and document custodians.

Responsibilities & Duties
  • Coordinate transaction-related functions and requirements with internal and external stakeholders.
  • Manage transaction timelines to ensure timely settlements.
  • Communicate and distribute transaction loan populations and data files as required per transaction documents and requirements.
  • Lead kickoff and status update calls with stakeholders.
  • Coordinate loan due diligence requirements with underwriting/compliance and summarize statuses for stakeholders.
  • Facilitate the completion of reliance letters, data share agreements, and due diligence documentation.
  • Ensure bailee letters are in place, and collateral is shipped/received at the custodian.
  • Track and resolve collateral exceptions and certifications with third-party custodians.
  • Settle transactions according to contracts and coordinate wires with the Treasury department.
  • Collaborate with the servicing department to ensure smooth post-settlement servicing transfer.
  • Support securitization transactions as needed.

Required Education, Experience, & Skills
  • Bachelor’s degree in Finance or Business.
  • 2+ years (Associate) or 5+ years (Manager) of experience in the mortgage industry.
  • Strong listening and communication skills.
  • Knowledge of mortgage banking, secondary markets, whole loan transactions, RMBS, and warehouse financing.
  • Ability to engage stakeholders to surface essential requirements for transaction completion.
  • Strong interpersonal skills to help prioritize among stakeholders.
  • Familiarity with transaction legal documentation to ensure accurate settlements.
  • Ability to summarize and communicate residential loan due diligence results and exceptions.
  • Excellent organizational skills for timely and accurate transaction settlements.
  • Knowledge of collateral files and custodial exception reconciliation.
  • Technologically proficient, with strong Excel skills.
  • Attention to detail and effective problem-solving skills.
  • Strong oral and written communication skills.
  • Analytical thinking and professionalism.
BlueSky Resource Solutions is an equal opportunity employer. We are committed to creating an inclusive environment for all employees and applicants. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

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David Myers

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About Mill Valley, CA

Ready to take the next step in your career? Explore our job opportunities in the vibrant area around Mill Valley, California. Nestled in the picturesque Marin County, just a short drive from San Francisco, Mill Valley is known for its stunning natural beauty, with Mount Tamalpais offering breathtaking views and endless outdoor activities. This charming town boasts a rich arts scene, with galleries like the O'Hanlon Center for the Arts and the Throckmorton Theatre providing a cultural haven. Indulge in delicious cuisine at local favorites like Piazza D'Angelo and Sweetwater Music Hall. Consider joining our team and be part of a community that celebrates creativity, innovation, and work-life balance. Let your career flourish in this enchanting and unique location.
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