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Senior Capital Markets Operations Specialist

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Location: Fort Washington, PA, United States
Job ID: 1000330
Company: Ocwen US

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Job Description


The Capital Markets Operations Senior Specialist is responsible for the coordination and delivery of physical as well as electronic collateral documents in accordance with master repurchase agreements, selling guidelines, contracts and/or mandatory commitments. This position is responsible for ensuring timely collateral deliveries, as well as for investigating and resolving document and data discrepancies. Please note this position will require travel to an office location in Fort Washington, PA around 3x per week for a few hours per day. The rest of the working hours will be done in a telecommuting capacity.

Job Functions and Responsibilities:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Examples below:

  • Process the daily delivery of data and documents to the document custodian in accordance with warehouse investor requirements. Obtain images from vendors and maintain tracking and reconciliation. Investigate and resolve exceptions cited by investors/document custodians to resolve document and data exceptions.
  • Manage loans in pipeline to ensure optimal warehouse financing availability. Manage and report on aging loans in accordance with warehouse financing contractual requirements.
  • Prepare allonges and note endorsements per warehouse and delivery requirements. Clear collateral exceptions as needed including modification exceptions.
  • Travel on a regular basis to the Custodian office in Fort Washington, PA to prepare physical collateral for loan warehousing and delivery (note endorsements, etc.).
  • Review documents and images to ensure compliance with PHH product requirements, GSE requirements, warehouse investor contracts and/or mandatory commitments. Communicate with upstream and downstream business partners on suggestions for process improvements as well as updating of loan-level data.
  • Perform loan quality/eligibility checks prior to delivery to ensure highest product quality from a loan delivery perspective.
  • Act as a liaison between Capital Markets and Record Services for the clearing of loan modification exceptions to ensure timely delivery.
  • Complete pool deliveries to GSEs/investors including communication with document Custodian for the movement of collateral as needed. Investigate and resolve pool discrepancies with GSE/investors. Perform loan quality/eligibility checks prior to delivery to ensure highest product quality from a loan delivery perspective.
  • Manage the delivery of collateral for all EBO and modification transactions. Coordinate all exception clearing and file location analysis to ensure maximum pull-through in order to maintain deal economics.

Qualifications:

To perform this job successfully, an individual must have the following education and/or experience:

  • Bachelor’s degree preferred
  • Three to five years related Document Management and/or Loan Delivery experience.
  • Familiarity with GSE guidelines and procedures.
  • Working knowledge of the current mortgage banking practices, particularly an understanding of custodial, warehouse and settlement processes and policies.
  • Strong multi-tasking skills with the ability to manage strict deadlines.
  • Excellent interpersonal and communication skills.
  • Ability to work collaboratively with others, including peers, management, clients, and outside counterparties.
  • Strong analytical and problem-solving skills.
  • Proficiency in Microsoft Excel required.
  • Self-starter that has the ability to work under pressure in order to meet deadlines in a constantly changing environment.

Training / Licensing Requirements:

  • Must pass the Company’s Background Screening process prior to beginning employment. Additionally, as a condition of employment, you may be required to pass client-specific background check requirements or Federal/State licensing requirements, if applicable.

Company Summary:

Ocwen and its subsidiaries are proud to be equal opportunity workplaces. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. If you have a disability or special need that requires accommodation, please let us know.

About Us


Company: Ocwen US

Ocwen is intensely focused on hiring, developing and retaining the best talent in the industry! Our commitment to Diversity & Inclusion ensures that we are an organization that creates, promotes and sustains an inclusive work environment in which diversity, inclusiveness and respect are integral parts of our culture and work environment. Building the reputation as an outstanding place to work, a great business partner and a valued community member is our everyday endeavor.

Ocwen’s mission is to delight our customers through caring service and innovative lending solutions. We proudly serve over 1.3 million families with their mortgage needs by helping to find real solutions that benefit our customers and help to build stronger communities. Helping Homeowners is What We Do!®

Consider an opportunity to join our global team and put “Caring in Action” while growing your career.

Ocwen and its subsidiaries are proud to be equal opportunity workplaces. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. If you have a disability or special need that requires accommodation, please let us know.

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