Transaction Manager

3 weeks ago


Englewood, Colorado, United States Redwood Trust Full time
Job Summary

The Transaction Associate/Manager position at Redwood Trust is responsible for managing and supporting residential mortgage related purchase/sale and security transactions. This role requires coordination and management of multiple processes to ensure successful transactions.

Key Responsibilities
  • Coordinate transaction 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
  • Lead kickoff calls and status update calls with internal and external stakeholders
  • Coordinate loan due diligence requirements with underwriting/compliance and summarize statuses with stakeholders
  • Coordinate the completion of reliance letters, data share agreements, and other due diligence documentation
  • Ensure bailee letters are in place and collateral is shipped/received at the 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
Requirements
  • 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 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 $75,000 - $100,000. The actual salary offer will be based on job-related education, geographic location, training, licensure, and certification, and other factors. Redwood Trust offers a competitive benefits package, including a 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.


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