Pine River Capital Management

  • Document Management Specialist - Two Harbors

    Job ID
    2018-1928
    # Positions
    2
    Category
    Two Harbors
  • 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 $3.5 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”. 

    Description:

    The Document Management Analyst is responsible for the document management operational functions related to the acquisition of agency and private investor Mortgage Servicing Rights (MSR) and whole loans, deal management, and life-of-loan servicing events. The Analyst engages with sellers and vendors to drive timely collateral delivery, certification, and exception clearing, as well as ongoing collateral and records management during the life-of-loan.  Typical business partners involved in the process are custodian, image repository, records management, sub-servicers, and title curative vendors. The Analyst acts as a facilitator between sellers and vendors to achieve shared objectives.

    Responsibilities

    • Manage operational components to drive timely receipt of physical and imaged mortgage documents in accordance with contractual and Agency requirements. Proactively collect overdue mortgage documents and drive resolution of document exceptions.
    • Manage physical collateral release and MERS/assignments for mortgage sales
    • Facilitate note and trailing document certification processes; including but not limited to exception resolution, title curative and MERS Administration Management.
    • Coordinate collateral loan pledging activities with financial partners.
    • Subject Matter Expert (SME) related to life-of-loan servicing event documentation (CEMA, lien releases, assignments, etc)
    • Manage organizational risk related to servicing rights acquisition, sales and servicing events; ensuring compliance with regulatory, agency, CFPB, State, and Federal guidelines.
    • Participate in the development and maintenance of processes, procedures, and systems development to support operational processes.
    • Understand mortgage document management principles and agency guidelines.  Provide a broad analytical view in the day to day operations including vendor performance, relationship management, and investor requirements with all counterparties.

    Qualifications

    • Undergraduate degree, preferred in finance or business or equivalent work experience
    • Minimum of 5 years related experience in mortgage, banking, custodial services, or mortgage servicing.
    • Knowledge of collateral management, custodial operations, MERS and mortgage servicing inclusive of loss mitigation
    • Good understanding of mortgage origination, acquisition/sales transfers, and mortgage servicing including working knowledge of mortgage documents
    • Ability to efficiently sift through large amounts of information and spot trends and inconsistencies
    • Effective communication skills including verbal, written and presentation skills
    • Proven ability to work effectively both independently and in a team based environment
    • Demonstrated willingness to be flexible and adaptable to changing priorities
    • Strong multi-tasking and organizational skills with attention to detail
    • Solid project management and analytical skills
    • Advanced knowledge of Microsoft Excel, Outlook, and Word

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