Scope/Purpose of the Position
The Collateral Analyst is responsible for assisting in the collateral review process, generating manual valuation models, ensuring quality and accuracy, and meeting daily performance metrics. Additionally, the Collateral Analyst will establish an apprenticeship program, coaching junior team members while implementing quality controls to monitor their work and ensure compliance with risk and quality metrics. This role also involves managing Broker Price Opinion (BPO) orders and overseeing quality control processes to mitigate risk.
Key Responsibilities and Essential Functions
- Collateral Review
- Develop and maintain manual valuation models, ensuring accuracy and consistency in assessments.
- Manage and process Broker Price Opinion (BPO) orders, coordinating with relevant stakeholders.
- Track and meet daily performance metrics related to valuation and BPO processing.
- Quality Control and Apprenticeship
- Maintain quality control standards by reviewing and verifying valuation reports.
- Implement risk management measures to ensure compliance with company policies and industry regulations.
- Establish and oversee an apprenticeship program to mentor and coach junior analysts.
- Develop and execute quality control processes to monitor the performance and accuracy of team members' work.
- Identify inefficiencies and recommend process improvements to enhance operational effectiveness.
- Stay updated on industry trends, market conditions, and regulatory changes affecting collateral valuation.
Work Experience and Knowledge, Skills and Abilities
- Excellent analytical skills, attention to detail, and ability to work within time constraints.
- Excellent level of oral and written communication skills; Ability to communicate across a variety of audiences.
- Professional and effective interpersonal skills; Solid decision-making skills with display of professionalism in maintaining confidentiality. Ability to build strong relationships with internal business partners to achieve success.
- Ability to rapidly acquire detailed knowledge of departmental policies, practices and procedures.
- Strong time management skills, fast learner, self-motivated, and comfortable taking initiative and handling multiple projects simultaneously.
- Committed to taking responsibility and ownership for agreed actions and delivery.
- Reports to work on a daily and timely basis.
- Depending on role and business needs we ask for the flexibility to work off hours including weekends. We strive to be available to our customers and adapt to their convenience.
- Quarterly travel may be required.
Minimum Qualifications
- High school graduate or equivalent training.
- Two to four years’ experience with Appraisals.
- Two years’ in the mortgage Industry.