Delivery Analyst

PURPOSE AND SCOPE: The Delivery Analyst position delivers all Direct, Retail, Wholesale loans into the Secondary Market in order to reduce the corporate balance sheet. This function analyzes complex data from the origination systems as well as the product and underwriting matrixes. The Delivery function is the last data comparison and scrubbing as the loan is being transferred to the final system of record, Mortgage Serv. The Delivery Analyst position is very fast paced and deadline driven.

The Delivery Unit processes 4 to 10 billion pool dollars monthly to offset the Corporation balance sheet. As a result this position requires a solid understanding of all Delivery functions, investor requirements, and underwriting/product matrices including but not limited to; agency deliveries, private deliveries, home equity deliveries, off balance sheet facilities, clearing of exceptions on agency product, private investor product, home equity product, and any due diligence audits. The Delivery Unit must analyze and rectify complex issues during the pool delivery process, as well as after pool transmission to the final investor to ensure settlement and timely payment for the pools.

ACCOUNTABILITIES:
Major Accountabilities

•Manage all 1st and 2nd mortgage pools agency, private, and home equity on a daily, weekly, and monthly basis according to the Monthly Delivery Calendar established by the investors.

•Complete all pools assigned by deadline date and time. The monthly volume of number of loans can range from 2,000 to over 10,000 loans per person.

•The Delivery Analyst must have a working knowledge of all deliveries systems (internal and external) as well as the core GMACM systems – origination through servicing. The Analyst must have a working knowledge of various product matrixes as well as the underwriting/processing requirements.

•Initiate pool validations on delivery system to verify that loan level information complies with agency or private investor delivery guidelines. Review, analyze, and correct issues revealed by edit checks. This may involve analysis and research of origination issues such as pricing, processing style, and underwriting as well as correcting invalid information on the Capital Market’s system or directly in agency software (Mornet, Midanet, and Ginnienet). Validations may also require an analysis of origination loan data such as MI, LTV, loan parameters) for investor delivery requirements and delivery compliance.

•Submit validated pool schedules and collateral to external Document Custodian on selected private investors in a timely manner to allow the Document Custodian time to audit the collateral. Private investor deliveries may require submission packages to be sent directly to the investor.

•Clear exceptions reported by the external Document Custodian as necessary for pool to comply with private investor guidelines. The clearing of exceptions on private investor pools may be required before payment from the investor is received.

•Provide documentation for certified pools to Document Custodian, Allocations Unit, Follow-up Unit, Investor Reporting, and secondary market investors as determined by business need.Job Requirements
QUALIFICATIONS REQUIRED:
•OVERTIME IS REQUIRED. Overtime is required during peak delivery times. This includes every f month for approximately a two-week period. Volumes increase at end-of-quarter and end-of-year increasing the need for overtime. Due to the nature of end-of-quarter deliveries vacations on last week of month during quarter-ends may be restricted.

•This is a high volume, deadline driven environment. The amount of loans delivered on the secondary market directly impacts corporate income.
•Bachelor’s Degree preferred and/or 2-3 years Mortgage Banking experience.
•Ability to analyze large volume of data
•Must have ability to fully function in current Windows environment, using Word, Excel, and Access.
•Ability to identify and resolve problems
•Ability to work within deadline pressure
•Ability to identify, analyzes, and resolves loan eligibility issues before, during and after the delivery of a deal/pool to an investor.
•Knowledge of product requirements for delivery, and ability to review and interpret product guidelines and/or delivery contracts for pertinent delivery information.


CONDITIONS OF WORK: