Vice President - Transaction Management and Underwriting
Selene Finance LP - Minneapolis, Minnesota, United States, 55400
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Overview
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Selene Finance LP Get AI-powered advice on this job and more exclusive features. Selene Holdings is a multiple-lines business financial services firm with a mortgage servicing company, a loan diligence company, a title company, an insurance brokerage, and a real estate owned company. We have office locations in Dallas, TX, Jacksonville, FL, and Salt Lake City, UT. Founded in 2007 to address needs in the mortgage industry, Selene strives to provide amazing client and borrower experiences. A positive attitude coupled with proven creative thinking and actions are all attributes we seek in every one of our employees. If you want to make a difference, then Selene is the place for you!
Position Description
Selene Finance is seeking a Vice President of Transaction Management, whose focus will be on various New Origination products, with a strong focus on the credit underwriting aspects of residential transition loans (RTL). This individual will lead and manage a wide variety of duties including due diligence on new loan acquisitions/sales, regular deal activity, and special projects and initiatives.
The ideal candidate will work across all business units within the organization and requires knowledge of new original products (Non-QM, RTL, and other asset classes), default servicing practices, including foreclosure, bankruptcy, title, litigation, and collateral. Qualified candidates will be flexible, results oriented, self-starters, who possess advanced communication, critical thinking, and problem-solving skills. The ideal candidate must have an ability to work in a fast-paced team-centered environment and manage multiple competing priorities, while remaining productive, level-headed, and well-balanced.
Responsibilities
Partner with the trading desk by performing loan level underwriting reviews and forming risk-based conclusions. Manage the logistics of the bid, due diligence, and loan acquisition/sale processes, including direct interface with vendors and other counterparties, and the review and assessment of loan-level factors such as title, collateral, credit, compliance, and overall servicing. Work with the Transaction Management team toward successful transaction execution. Collaborate closely with internal teams and servicers to identify procedural changes and system enhancements where needed; recommend operational improvements and assist in implementation Manage several aspects of transactions while maintaining a high level of organization, managing vendor and project timelines, performing risk assessments and escalating where needed, exuding confidence in day-to-day tasks such as leading conference calls and managing counterparty communication
Requirements
Minimum of 5 years mortgage experience in at least 3 or more of the following areas: Credit, Compliance, Property Valuation, Loss Mitigation, Bankruptcy and Foreclosure processes. Strong working knowledge of New Origination products/concepts such Non-QM, Residential Transition Loans, HELOCs, and eOrigination loans a must A demonstrated willingness to learn and add value to existing processes based on established work experience Familiarity with the various aspects of the due diligence, and loan sale/acquisition process Solves problems with a sense of recognizing opportunities, understanding risks and acting quickly to overcome obstacles and reach a solution. Must be detail oriented and consistently maintain a high level of quality and accuracy in their work. Work product must be consistently reliable and accurate. Ability to work independently with minimal direct supervision and effectively communicate (orally and in writing) with others, both internally and externally Ability to organize, prioritize and allocate workload for optimum efficiency Strong team player with a high level of professionalism Multi tasker in a constantly changing, fast paced environment Strong data manipulation skills through excel (required), SQL databases (a plus)
Why Selene?
Benefits
Selene Finance LP is committed to the total wellbeing of its employees and therefore offers one of the best benefits packages available in the industry today, which includes:
Paid Time Off (PTO) Medical, Dental &Vision Employee Assistance Program Flexible Spending Account Health Savings Account Paid Holidays Company paid Life Insurance Matching 401(k) Plan
The job requirements listed above are representative of the knowledge, skills, and/or abilities required. This job description is not an inclusive list of all duties and responsibilities of this position. Incumbents will be required to follow any other job-related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments. Selene reserves the right to amend and change responsibilities to meet business and organizational needs.
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Seniority level Executive Employment type
Employment type Full-time Job function
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