Pine River Capital Management

  • Service Transfer Manager, Two Harbors

    Job ID
    2018-1919
    # Positions
    1
    Category
    Two Harbors - Operations
  • Overview

     Two Harbors Investment Corp.

     

    Two Harbors Investment Corp. is a publicly traded mortgage real estate investment trust, or REIT. Our objective is to provide an attractive risk-adjusted total return to our stockholders over the long-term through dividends and capital appreciation. Our mission is to be recognized as the industry-leading mortgage REIT.  We take an opportunistic investment approach to the residential mortgage sector, including residential mortgage-backed securities, mortgage servicing rights and other financial assets.

    Two Harbors today is the largest hybrid mortgage REIT with a market capitalization of over $3 billion. Two Harbors is externally managed and advised by PRCM Advisers LLC, a wholly owned subsidiary of Pine River Capital Management L.P.  Two Harbors trades on the NYSE under the ticker symbol “TWO”.

    Position Description:

    Two Harbors is seeking a Service Transfer Manager who will perform a wide variety of duties to support the Servicing Transfer group. This role will work closely with our network of sellers and sub-servicers by serving as a manager of  inbound flow service transfers. This includes developing & maintaining monthly checklists to ensure that each milestone remains on track and the end result is a CFPB compliant service transfer. Qualified candidates will be highly organized, results oriented, self-starting, possess strong communication skills, have a background in mortgage servicing/originations, and a familiarity with applicable regulatory requirements

    Responsibilities

    • Completion of a “monthly transfer summary report” which evidences adherence to compliance requirements, successful achievement of all deliverables, archival of approvals/communications, and reconciliation of expected populations.
    • Conduct a post mortem as part of every service transfer to identify lessons learned/ potential process improvements.
    • Ability to balance multiple priorities with while dealing with regulatory / financial deadlines.
    • Schedule and facilitate meetings with sellers, servicers, and vendors as necessary related to the service transfer process:
    • Ensure all deliverables are clearly documented
    • Foster and preserve positive relationships.
    • Monitor email and provide timely and appropriate responses while actively tracking/resolving tasks.
    • Monthly control point testing.
    • Maintenance of policy and procedures.

    Qualifications

     

    • 5+ years’ experience in the mortgage industry, working with mortgage data and systems from origination to servicing:o   Knowledge of Fannie Mae & Freddie Mac servicing and service transfer requirements & timelineso   Excellent time management skills and the ability to organize, prioritize, and perform multiple tasks simultaneously.
        • Experience with MSP a plus
        • Specific experience with flow service transfers, servicing operations, or origination post-closing strongly preferred
    • Ability to work independently with minimal direct supervision while achieving stated objectives.
    • Undergraduate degree (preferred) or equivalent work related experience required.
    • Demonstrated project management skills.
    • Ability to partner with traders, business executives and peers.
    • Must be technologically literate and proficient in the use of the Microsoft Office Suite (Excel, Access, PowerPoint, Word, Visio).
    • Experience using SQL is a plus.

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