[Hiring] Warehouse Lending Specialist @First Bank

Role Description

The Warehouse Lending Specialist position will be a client-facing role with internal duties and responsibilities. This person will be expected to correspond with clients in a timely, respectful, and professional manner.

• Funding: Work in unison with peers in managing funding requests, processing additional wires, new title agent approvals, and end-of-day reporting requirements.
• Collateral: Receive, process, and release all collateral (notes). Responsible for the safekeeping of the note in a fire-proof vault while in First Bank’s possession.
• Settlements: Assist in processing daily settlements and manage the flow of settlement wires to ensure the GL’s balance daily.

This is a Funding role within Mortgage warehouse lending. Mortgage Warehouse knowledge is a plus but not required. Basic knowledge of industry products is preferred.

Qualifications

• High School diploma or equivalent.
• Proficient in Microsoft Office product Suite: Outlook, Word, & Excel.
• Experience with or ability to quickly learn the bank's Warehouse System of record.
• Familiarity with loan documentation or ability to be trained quickly.
• Prior mortgage warehouse lending experience preferred, but not required.

Requirements

• Responsible for corresponding with clients in a timely, respectful, and professional manner to meet daily demands of SLAs.
• Adhere to various types of funding requirements per industry product codes/document types.
• Process loan settlements to balance to GL’s daily.
• Receive, process, and ship collateral to the final takeout investor, ensuring it meets all requirements.
• Confirm borrowers' signatures are original, not copies.
• Ship all daily collateral release requests and make the daily mail drop, on or off site.
• Manage the missing collateral report by tracking Promissory Notes that have not been received within the allotted period.
• Complete the MERS assignment in the MERS database (members.mersinc.org), when applicable.
• Maintain current and accurate Investor endorsement verbiage at all times.
• Engage in frequent communication with management and client’s shipping team regarding any pertinent investor changes.
• Assist in processing settlements daily.
• Cross-train with other departments to assist when other team members are out.
• Complete and pass all required regulatory compliance training as assigned by the Bank.

Benefits

• Compensation range: $25.00 - $30.00, based on factors such as prior experience, skill set, training, and geographic location.

Working Conditions

• Generally works in an office environment or from a remote home office.

Physical Requirements

• Must be able to remain in a stationary position up to 75% of the time.
• Must be able to occasionally move about inside the office to access file cabinets, office machinery, etc.
• Continually operates a computer and/or other office equipment, such as a copy machine, printer, etc.
• Frequently communicates with peers and clients, exchanging accurate information via phone, TEAMS chat, email, or in person.