Supervisor, Collateral

Summary

The Supervisor, Collateral responsibility is first and foremost an overseer whose main responsibility is to ensure that the collateral team completes the assigned amount of production, when they are supposed to do it and within acceptable levels of quality, costs and efficiency. The Collateral Supervisor will develop group cohesiveness, lead and solve routine daily problems. Assign production to the team, train and motivate team members.

Essential Job Functions:

• Ensure all collateral is received in a timely manager, sorted, filed and shipped to the banks within required time frames established.

• Ensure safekeeping of original loan collateral documents in fire proof file cabinets. Monitoring and alerting manager of possible capacity issues.

• Audit and review loan collateral documents for accuracy prior to the purchase of the loans.

• Ensure all loans are updated in Lakewood System with audit results and wire bank information.

• Manage the shipping process to the bank, reconciliation of the shipping manifest. Address all expectations from the bank post purchase to ensure timely delivery of pools.

• Manage the collateral pipeline for our c2c (correspondent to correspondent) clients, ensure timely completion of the collateral received by our mutual banks.

• Manage the SPG collateral mailbox, address daily questions or concerns. Quick turnaround responses to evelvated issues.

• Processing the return of collateral for loans not purchased by FMC, ensure data entry is complete in Lakewood System. Verify accuracy and safe delivery of collateral back to the correspondent lenders.

• Investigating, resolving and handling exceptions by using skilled staff and daily business object reports. Focus on identifying and handling cases that deviate from the normal day to day processes.

• Maintain regular and punctual attendance.

Other Related Duties:

• Performs other related duties as assigned.

Supervisory Responsibilities:

Manages staff and carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

Qualifications:

To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job.

Education and/or Experience:

High School Diploma or GED or one to three months related experience and/or training; or equivalent combination of education and experience.

Language Skills:

Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or government regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.

Mathematical Skills:

Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, and percentage and to draw and interpret bar graph.

Reasoning Ability:

Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several concrete variables in standardized situations.

Certificates, Licenses, Registrations:

None required

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to sit and talk or hear. The employee is occasionally required to stand; walk; use hands to finger, handle, or feel; and reach with hands and arms. The employee must occasionally lift and/or move up to 25 pounds.

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate.

Equal Employment Opportunity

Freedom Mortgage is committed to providing equal employment opportunities to all employees and applicants without regard to race, ethnicity, color, sex, marital status, sexual orientation, gender identity or expression, pregnancy, religion, national origin, age (40 and over), disability, military status, genetic information or any other basis protected by applicable federal, state, or local laws.

Americans with Disabilities Act

Applicants as well as employees who are or become disabled must be able to satisfactorily perform the essential job functions of the position either with or without reasonable accommodation. Applicants as well as employees are encouraged to meet with Human Resources as the organization shall review reasonable accommodations on a case-by-case basis in accordance with applicable law.

Job Responsibilities

The following statements reflect the general duties and responsibilities considered necessary to perform the essential functions of the job and should not be considered as an all-inclusive list of all the work requirements of the position. Freedom Mortgage Corporation may change the specific job duties with or without prior notice based on the needs of the organization.