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Santander · 1 day ago

Whole Loans Operations - Lifecycle Management, Associate

Dallas, TX

Full-time

Onsite

Entry, Mid Level

$64K/yr - $108K/yr

2+ years exp

Santander is a global leader and innovator in the financial services industry, evolving into a technology-driven organization. The Whole Loans Operations Associate plays a crucial role in executing the operational processes supporting the acquisition and sale of residential mortgage products, ensuring high operational standards and service delivery.

BankingCommercial LendingFinanceFinancial ServicesPersonal Finance

Comp. & Benefits

Responsibilities

Lifecycle management for whole loans including funding, servicing, and sales

Daily cash management associated with the whole loan activity:

Communicate with the desk daily to confirm liquidity requirements

Work with internal counterparties to ensure financing is completed accurately and timely

Whole loan fundings:

Act as liaison between trading desk, external clients, and Operations

Face off with the trading desk daily to ensure effective and efficient processes and mitigate risk

Work with cash management to ensure the accurate and timely funding of whole loan purchases

Liaise with custodians to ensure accuracy of inventory/collateral reports

Whole loan servicing:

Act as liaison between the firm and external clients/vendors to process monthly servicing timely and accurately

Reconcile and process monthly remittance reports from servicers including interim

Work with the desk daily to ensure data integrity within the risk management system

Whole loan Sales:

Work with the desk to verify the economic details of the settlement and ensure that the receipt of funds matches the risk management details

Process risk management entries to reconcile and settle all transactions accurately and timely

Qualification

Whole Loans OperationsResidential mortgage productsRemittance reconciliationMortgage purchaseSalesCashflow analysisData mappingReconciliationSBO2000 softwareCentricity softwareExcel proficiencyPython programming