Job Description

Residential mortgage due diligence and quality control company looking for Remote Contractors to join its existing team of TRID Compliance / Post-Close Due Diligence Analysts.

COMPANY DESCRIPTION

Phoenix Collateral Advisors, LLC (PCA) is a Residential Asset Management provider serving the Residential lending and servicing industry. Established in 2005, PCA has developed a platform focused on the diligence, oversight and disposition of mortgage and real estate assets. Our focus is on attaining optimal performance at the individual asset level to help our client partners achieve long term profitability. PCA offers a comprehensive product line including, but not limited to: full credit, compliance and collateral reviews, loss mitigation and loan default oversight, put-back forensics and rebuttals, servicing quality control, REO asset management and surveillance. PCA also offers a wide range of professional services catering to the financial and professional services industry related to quality control and loan file reviews for the mortgage origination and servicing industry.

TRID COMPLIANCE AND DUE DILIGENCE UNDERWRITER

• Proficiency in TRID regulatory compliance A MUST, including ability to review and data capture of initial and revised disclosures for timing and tolerance variances.
• Ability to read and analyze compliance exceptions identified from third party compliance systems, such as ComplianceEase and Mavent.
• Familiarity with best practices for post-close quality control on newly and seasoned originated mortgages.
• Determining and documenting loan conditions and communicating requirements and/or decisions.
• 5+ years of experience in the residential mortgage industry.
• Proficiency of FNMA/FHLMC guidelines, QM/ATR.
• Excellent working knowledge of VA FHA and USDA programs including upfront MI and monthly premiums in relation to post close compliance reviews.
• Reviewing loan files for completeness and accuracy.
• Analyzing credit documents, including, but not limited to, mortgage applications, credit history and income documents, title documents, appraisals and all applicable compliance documents.
• Evaluate debt ratio, loan-to-value ratios, credit score, property valuation, and various other factors.
• Proficient in audit of all collateral documents.
• Detail-oriented while maintaining production goals and strict deadlines.
• Experience a plus: Ability to analyze servicing/collection comments and identify risk and possible exit recommendations. Identify the root cause of default resulting from the client's underlying business practices, underwriting, and/or fraud exposure.
• Superior verbal and written communication skills.

Company Description

PHOENIX, the premier advisory firm for Trading, Mortgage Services, and Analytics, (in the Mortgage Banking/Financial Services sector) is excited to announce varied career opportunities for talented candidates across all business lines, including within its Transaction Management team for immediate hire. After more than two decades of industry leadership, PHOENIX has successfully managed over $1 trillion in MSR transactions since 2013 and provided analytic solutions to a majority of the Top 20 banks and mortgage servicers. Diverse business-lines offer high-touch trading advisory and valuations/analytics for mortgage servicing rights and whole loans, in addition to mortgage servicing oversight/QC and loan-level due diligence. Our team members integrate a comprehensive understanding of tailored client objectives, accumulated market intelligence, policy insight, and unwavering customer service to forge deep and durable relationships across the industry. Experience the PHOENIX difference and explore opportunities with us today. PHOENIX offers a competitive salary, 401k plan, health, and dental insurance. Please visit us at www.phoenixtma.com.