SVP, Transaction Management
Company: Disability Solutions
Location: Westlake Village
Posted on: September 29, 2024
Job Description:
Job Title:SVP, Transaction ManagementLocation:CA - Westlake
VillageWhat you'll do:AmeriHome, a fast-growing mortgage company,
is seeking to fill the role of Head of Transaction Management in
our Westlake Village HQ office. The Capital Markets group is
responsible for the pricing, hedging, trading, and delivery of the
company's mortgage loans to investors. The Head of Transaction
Management will be responsible for overseeing a staff of
Transaction Managers processing whole loan sales and mortgage
servicing rights sales to third party investors and will be given
the unique opportunity to interact with all departments of the
company. Through this role, the candidate will not only interact
with various internal and external counterparts but will also be
responsible for developing team members, design and implement
process improvements, play a key role in contributing to
implementation of departmental and company strategies, leading
towards continued professional growth in a dynamic organization.
The candidate must be a college graduate who is highly motivated,
organized, entrepreneurial and can work in a fast-paced, time
sensitive environment.What we are looking for:
- Act as liaison between investors and internal business
stakeholders such as traders, legal counsel, quality control,
accounting, treasury and servicing departments. Especially works
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.
- Negotiate non-disclosure agreements, trade confirmations,
purchase confirmations, and purchase and sale agreements related to
whole loan sales and mortgage servicing rights sales
transactions.
- Manage a team of Transaction Managers responsible for executing
and completing the teams' daily responsibilities and trade
settlements.
- 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 reports. What you will
need:
- Bachelor's degree, in business administration, finance or
related field. JD degree a plus.
- Minimum 15 years in the residential mortgage industry with
experience in Capital Markets transaction management, contract
finance and due diligence.
- Minimum 10 years' experience reviewing and negotiating legal
contracts related to Capital Market transactions.
- 7+ years of management experience.
- Excellent written and verbal, communication skills; ability to
communicate effectively and professionally with internal/external
stakeholders.
- Strong analytical and critical thinking skills with the
demonstrated ability to meet deadlines and perform in a
high-stress, fast-paced environment.
- Strong attention to detail and accuracy.
- Ability to multi-task and work independently with minimum
supervision.
- High level of motivation and accountability.
- Advanced proficiency in Excel with ability to create ad hoc
reports and analyses using functions such as nested formulas,
lookups, pivot tables, etc. as well as experience with SQL.
- Strong Powerpoint skills, including ability to prepare and
summarize data in slides and present confidently in
management.
- Extensive understanding of origination processes, underwriting
guidelines, servicing and regulatory compliance.
- Proactive in identifying problems and opportunities for
improvements.Compensation: Salary range for new hires is generally
$193,955.00 - $228,182.50 for Westlake Village, CA. Salary amount
is determined by specific job location. In addition, the role may
be eligible for annual bonus/incentives earned.Benefits you'll
love:We offer all the important things you'd want - like
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, and a
wellness program. In addition, you'll have the opportunity to
bolster your business knowledge, learning the ins and outs of how
successful companies operate and manage their finances, giving you
invaluable hands-on experience to help grow your career!About the
company:AmeriHome Mortgage is a Western Alliance Bank company.
Western Alliance Bank is a wholly owned subsidiary of Western
Alliance Bancorporation. Alliance Bank of Arizona, Alliance
Association Bank, Bank of Nevada, Bridge Bank, First Independent
Bank, and Torrey Pines Bank are divisions of Western Alliance Bank;
Member FDIC.Western Alliance Bancorporation is committed to equal
employment and will consider all qualified applicants without
regard to race, sex, color, religion, age, nation origin, marital
status, disability, protected veteran status, sexual orientation,
gender identity or genetic information. Western Alliance
Bancorporation is committed to working with and providing
reasonable accommodations for individuals with disabilities. If you
are an individual with a disability and require a reasonable
accommodation to complete any part of the application process
and/or need an alternative method of applying, please email
HR@westernalliancebank.com or call 602-386-2488. When contacting
us, please provide your contact information and state the nature of
your accessibility issue. We will only respond to inquiries
concerning requests that involve a reasonable accommodation in the
application process.-- Western Alliance Bancorporation
Keywords: Disability Solutions, Los Angeles , SVP, Transaction Management, Executive , Westlake Village, California
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