Manager, Bulk Acquisitions
Freedom Mortgage
full-time
Posted on:
Location Type: Remote
Location: New Jersey • United States
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About the role
- Responsible for ensuring that all acquisitions are completed with investor/PSA requirements.
- Responsible for ensuring all acquisitions comply with all the complex, very large loan data and reporting requirements outlined in the signed Servicing Transfer Instructions to board Freedom’s Servicing System of Record.
- Responsible for ensuring compliance with RESPA, CFPB and Agencies Guidelines when acquisitions board to Freedom System of Record and limit risk exposure to Freedom.
- Responsible to ensure all agency submission requests directly to FNMA/FHLMC/GNMA on behalf of Freedom Mortgage comply with terms of the Sale agreements and Agency requirements preventing the denial of an acquisition for Freedom Mortgage or negative financial implications.
- Ability to analyze and negotiate requirements of Purchase and Sales Agreements, Servicing Transfer Instructions and Letters of Intent to ensure Sellers can meet Freedom’s requirements within the Servicing Operational parameters and Compliance objectives.
- Oversee the maintenance of key transfer documents to include but not limited to, Servicing Due Diligence Questionnaire, Servicing Transfer Instructions and Data Reporting to ensure all necessary Servicing Lines of business requirements and timelines are met for each acquisition.
- Responsible for ensuring control reports, and reconciliations are completed accurately and timely to ensure all funds due to Freedom have been received and in compliance with Servicing Transfer Instructions and requirements.
- Create task plans and action items for tracking projects, timelines adherence and completion of the projects.
- Responsible for maintaining the Servicing Transfer Instructions and Questionnaire with any new Agency or line of business requirements.
- Develop and maintain department policies and procedures.
- Responsible for escalating matters in accordance with company policy.
- Comply with all company policies and procedures.
Requirements
- Strong knowledge of investor/PSA requirements, RESPA, CFPB and Agencies Guidelines
- Ability to manage and mitigate potential risk exposure
- Strong relationship building and communication skills with key agency stakeholders
- Ability to implement and maintain robust compliance programs
- Ability to provide training and guidance to relevant stakeholders
- Strong analytical and negotiation skills
- Ability to develop and implement effective quality control processes
- Attention to detail
- Strong organizational and time management skills
- High School Diploma/GED required
- Bachelor's Degree from a Four (4) year College/University and 8 years related experience and/or training; or equivalent combination of education and experience.
Benefits
- Equal Employment Opportunity
- Americans with Disabilities Act
- Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
RESPACFPBPurchase and Sales AgreementsServicing Transfer InstructionsServicing Due Diligence QuestionnaireData Reportingcompliance programsquality control processesrisk managementnegotiation
Soft Skills
relationship buildingcommunicationanalytical skillsattention to detailorganizational skillstime managementtraining and guidanceproject managementproblem-solvingescalation
Certifications
High School Diploma/GEDBachelor's Degree