Transaction Management Associate

Posted 4 Days Ago
Be an Early Applicant
Minneapolis, MN, USA
In-Office
Junior
Fintech
The Role
Supports mortgage loan acquisition, due diligence, securitization, and transaction execution activities. Coordinates vendors, counterparties, internal teams, servicers, timelines, risk assessments, and process improvements. Reviews loan-level factors, leads communications, identifies system and procedural enhancements, and assists with special projects. Requires mortgage industry experience, strong Excel skills, organization, communication, problem-solving, and the ability to manage competing priorities independently.
Summary Generated by Built In

Selene Holdings is a multiple-lines business financial services firm with a mortgage servicing company, a loan diligence company, a title company, an insurance brokerage, and a real estate owned company. We have office locations in Dallas, TX, Jacksonville, FL, and Salt Lake City, UT.  Founded in 2007 to address needs in the mortgage industry, Selene strives to provide amazing client and borrower experiences.  A positive attitude coupled with proven creative thinking and actions are all attributes we seek in every one of our employees. If you want to make a difference, then Selene is the place for you!


Position Description

Selene Finance is seeking an Associate Transaction Manager who will assist with and manage a wide variety of duties during due diligence on new loan acquisitions, regular deal activity, and special projects and initiatives. The ideal candidate will work across several business units within the organization and requires some knowledge of new origination products (Non-QM, RTL, CES, HELOC). Qualified candidates will be flexible, results oriented, self-starters, who possess advanced communication, critical thinking, problem-solving skills, and the willingness to learn. The ideal candidate must have an ability to work in a fast-paced team-centered environment and manage multiple competing priorities, while remaining productive, level-headed, and well-balanced.


Responsibilities

·         Assist with the logistics of the due diligence and loan acquisition and securitization processes, including direct interface with vendors and other counterparties, and the review and assessment of loan-level factors.

·         Work with the Transaction Management team toward successful transaction execution.

·         Collaborate closely with internal teams and servicers to identify procedural changes and system enhancements where needed; recommend operational improvements and assist in implementation

·         Assist with all aspects of transactions while maintaining a high level of organization, managing vendor and project timelines, performing risk assessments and escalating where needed, exuding confidence in day-to-day tasks such as leading conference calls and managing counterparty communication

·         Assist the Transaction Management team with various tasks and ad hoc projects, as needed

 

Requirements

·         Minimum of 2 years mortgage experience in at least 3 or more of the following areas: Credit, Compliance, Loan Origination, Underwriting Guidelines, Collateral, and basic contract administration

·         A demonstrated willingness to learn and add value to existing processes based on established work experience

·         Familiarity with the various aspects of the due diligence, and loan sale/acquisition process is a plus

·         Working knowledge of servicing systems, such as Black Knight/ LPS, MSP is a plus, but not required

·         Solves problems with a sense of recognizing opportunities, understanding risks and acting quickly to overcome obstacles and reach a solution.

·         Must be detail oriented and consistently maintain a high level of quality and accuracy in their work.  Work product must be consistently reliable and accurate.

·         Ability to work independently with minimal direct supervision and effectively communicate (orally and in writing) with others, both internally and externally

·         Ability to organize, prioritize and allocate workload for optimum efficiency

·         Strong team player with a high level of professionalism

·         Multi tasker in a constantly changing, fast paced environment

·         Strong data manipulation skills through excel (required), SQL databases (a plus)


Why Selene?

Benefits
Selene Finance LP is committed to the total wellbeing of its employees and therefore offers one of the best benefits packages available in the industry today, which includes:

  • Paid Time Off (PTO)

  • Medical, Dental &Vision

  • Employee Assistance Program

  • Flexible Spending Account

  • Health Savings Account

  • Paid Holidays

  • Company paid Life Insurance

  • Matching 401(k) Plan


The job requirements listed above are representative of the knowledge, skills, and/or abilities required. This job description is not an inclusive list of all duties and responsibilities of this position. Incumbents will be required to follow any other job-related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments. Selene reserves the right to amend and change responsibilities to meet business and organizational needs.

Privacy Policy - Selene (seleneadvantage.com)

Skills Required

  • At least 2 years of mortgage experience in three or more areas, including credit, compliance, loan origination, underwriting guidelines, collateral, or contract administration.
  • Strong Excel data manipulation skills.
  • Ability to communicate effectively orally and in writing with internal and external stakeholders.
  • Ability to work independently with minimal supervision.
  • Strong organization, prioritization, multitasking, and workload management skills.
  • Strong problem-solving, critical-thinking, risk-assessment, and process-improvement abilities.
  • Detail-oriented approach with consistently accurate and reliable work.
  • Professionalism and ability to work effectively in a fast-paced, team-oriented environment.
  • Familiarity with loan due diligence and loan sale or acquisition processes.
  • Knowledge of non-QM, RTL, CES, or HELOC origination products.
  • Working knowledge of servicing systems such as Black Knight, LPS, or MSP.
  • Experience with SQL databases.
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The Company
HQ: Dallas, TX
493 Employees
Year Founded: 2007

What We Do

Founded in 2007, Selene was created to provide loan resolution strategies for distressed mortgage investment portfolios. We have evolved to offer capacity and scalability to service all types of residential mortgage loans from performing loans (current, re-performing and new originations) to non-performing loans requiring high-touch, complex special servicing. We are an approved servicer for FHLMC, FNMA, GNMA, VA and USDA. Selene is also only one of two GNMA single-family master servicers and approved sub-servicers in the industry. Selene’s diverse client list includes large banks, small to mid-tier investors, REITS, private equity and hedge funds as well as GSEs and government agencies.

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