Transaction Manager or Associate

Job Description

Job Description

Position Summary

The Transaction Associate / Manager position is responsible for management and support of Redwood Trust residential mortgage related purchase / sale and security transactions.

This position is also responsible for overall coordination and management of multiple processes to maximize the success of each transaction.

The ability to successfully manage internal and external relationships is a vital skill for this role. The position requires experience with the mortgage industry, bulk whole loan purchases, bulk and flow whole loan sales, and public / private security transactions.

This position has a high level of interaction with internal parties (capital markets, underwriting, legal and compliance, IT, servicing, funding, treasury) as well as external parties including loan sellers, loan buyers, brokers and document custodians.

Responsibilities & Duties

• Coordinate transaction related functions and requirements with internal and external stakeholders
• Manage transaction timelines with internal and external parties to ensure timely settlements
• Work with the trade desk to communicate and distribute transaction loan populations and data files as required per the transaction documents and requirements
• Lead kickoff calls and status update calls with internal and external stakeholders
• Coordinate loan due diligence requirements with underwriting / compliance and summarize statuses with appropriate stakeholders
• Coordinate the completion of reliance letters, data share agreements, and other due diligence documentation as needed
• Ensure bailee letters are in place and collateral is shipped / received at the applicable custodian
• Track and resolve collateral exceptions and certifications with third party custodians
• Settle transactions in accordance with transaction contracts and coordinate wires with the Treasury department
• Work with the servicing department to ensure a smooth servicing transfer post settlement
• Support securitization transactions as needed

Required Education, Experience, & Skills

• Bachelor’s degree in Finance or Business
• 2+ years (Associate) or 5+ years (Manager) of mortgage industry experience
• Ability to listen effectively and communicate ideas concisely
• Knowledge of mortgage banking, secondary markets, whole loan transactions, RMBS, and warehouse financing
• Ability to engage individuals and groups to surface essential requirements needed to complete transactions
• Interpersonal skills to help identify priorities among appropriate stakeholders
• Ability to understand transaction legal documentation to ensure accurate settlements
• Ability to evaluate, summarize and communicate residential loan due diligence results and exceptions
• Excellent organizational skills to ensure timely and accurate loan purchase and sale transaction settlements
• Knowledge of collateral files and reconciliation of custodial exceptions
• Technologically savvy, with the ability to work in varied systems; Advanced Excel skills
• High attention to detail and effective problem-solving skills
• Excellent oral and written communication skills
• Analytical thinking ability and professionalism

A reasonable estimate of the base compensation range for this role is 75k - 100k. The actual salary offer to the successful candidate will be based on job-related education, geographic location, training, licensure and certification, and other factors.

We also offer a competitive benefits package including discretionary corporate bonus program, multiple health plans, STD and LTD options, company sponsored life insurance, fitness reimbursement, paid parental leave, time to volunteer, Paid Time off, ESPP, and 401K matching.