Principal, Residential Mortgage Support

Position Overview

Apollo seeks a Transaction Manager to provide the Consumer & Residential Credit team with support primarily related to business purpose residential mortgage loans, consumer loans and residential mortgage loans as well as structures and lending facilities related to such loans.

This is a hands-on role that requires senior level experience with residential mortgages, asset management and technical infrastructure maintenance.

Will require fluency in commercial contracts, term sheets and agreements as well as advanced skills in Excel and familiarity with business programming languages and database management such as SQL, Tableau and PowerBI.

Must be able to work independently, design business processes, oversee and develop junior level team members and autonomously manage day to day operations.

• Responsible for primary relationship management with investors and sellers; establishing timelines for due diligence review and settlement deliverables
• Act as liaison between sellers, investors and internal business stakeholders such as traders, legal counsel, quant team, accounting, treasury and servicing departments
• Work with Trading Desk, Finance, Legal and Trade Support to facilitate purchase and sale of assets
• Normalize reporting across sellers and monitor accuracy of data
• Create and oversee infrastructure designed to acquire assets, report and manage risk
• Suggest and oversee improvements in technologies and efficiencies used to during due diligence and post-closing activities
• Take a leading role in creating and managing the architecture of our third-party mandate infrastructure, including being a primary point of contact for project management teams
• Oversee timely and accurate reconciliation of loan files
• Work with middle office to manage asset-backed lending facilities including review and verification of periodic funding / payment date reports, facilitating draw requests and compliance with transaction triggers and covenants
• Coordinate with internal stakeholders including accounting, operations, and back office in setting up new investments and reporting
• Take an active role in creating and maintaining collateral databases, trade blotters and various business critical reports
• Take an active role in improving automation processes with a creative eye to leveraging database programs to generate automated reports for ongoing asset management, loan exception processes and diligence review
• Take a senior role in managing FHLB mortgage lending relationship
• Take an active role in marketing and creation of pitch books and internal presentations
• Oversee third party servicers and due diligence / servicing managers including : Monitor due diligence process to ensure adequate and timely resolution of investor’s conditions and exceptionsEnsuring that servicers have appropriate accounts set up and reconcile to allocationsProviding appropriate wire instructions by accountMaking sure live loan reporting is occurring and data requests are accommodatedAggregation of monthly remittance reportsCoordinate servicing transfersLoss mitigation supervision
• Oversee sollateral management including : Coordinate collateral due diligence process prior to acquisitionFacilitate resolution of trailing documents with Seller and CustodianWork with counterparties and monitor trailing documents and repurchase deadlinesCoordinate obtaining final assignments and endorsements from SellersOversee third party document custodiansEnsure loans are on appropriate shelfs at custodianFacilitate collateral movement for asset purchases / sales, including pledging collateral for FHLB borrowingsComply with audit requestsManage collateral remediation processMERS coordination and reconciliationOversee vendors tracking of trailing documents, obligations, and claimsEnsure appropriate diligence images are retained and readily accessible
• Coordinate monthly pricing process
• Coordinate and track post-closing asset level legal notices and ensure satisfactory resolution
• Interface with various internal systems to create ad hoc reporting
• Tie-out final funding population with investors and facilitate the settlement process including the repricing of the trade, execution of closing documentation, reviewing the funding schedule for accuracy, compiling mortgage loan schedule data, and communicating settlement funds to warehouse lenders and the treasury department

Qualifications & Experience

• Bachelor’s degree from a top tier university
• Seven or more years work experience in residential mortgage finance and asset management
• Both general and front-line knowledge of real estate finance, investments, economics, law, real estate related documents, insurance, and accounting principles
• Self-starter who needs minimal direction
• Ability to manage multiple projects simultaneously
• Excel and PowerPoint proficiency
• MERS
• Experience with SQL is required
• Experience with PowerBi and Tableau is preferred
• Familiarity with basic programming languages is preferred
• Proven experience automating manual processes
• Courses or higher education in computer science or a quantitative field is preferred
• Strong analytical and critical thinking skills with the demonstrated ability to meet deadlines and perform in a high-stress, fast-paced environment
• Attention to detail and accuracy
• Ability to multi-task and work independently with minimum supervision

Pay Range

225,000-300000

The base salary range for this position is listed above. This position is also eligible for a discretionary annual bonus based on personal, team, and Firm performance.

Compensation ranges are based on several factors including job function, level, and geographic location. Final offer amounts are determined by multiple factors including candidate experience and expertise, and may vary from the amounts listed here.