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Mortgage Warehouse Lending Operations Specialist

BMO Financial Group

This is a Full-time position in New York, NY posted May 29, 2020.

Location: New York, NY

Address:

521 Fifth Avenue

Job Family Group:

Customer Shared Services

Thank you for your interest in BMO Financial Group. We are currently working towards providing a better candidate experience by including all of our job descriptions in both English and French. In the meantime, if this role is located in Quebec and/or New Brunswick please reference the French job description available below the English version. Otherwise please see the job description below in English as per federal language requirements.

Nous vous remercions pour votre intérêt à l’égard de BMO Groupe financier. Nous travaillons actuellement à offrir une meilleure expérience aux candidats en publiant toutes nos descriptions de poste en français et en anglais. Entre-temps, si ce poste est affiché au Québec ou au Nouveau-Brunswick, veuillez consulter la description de poste en français disponible sous la version anglaise. Autrement, veuillez consulter la description de poste ci-dessous en anglais, conformément aux exigences fédérales en matière de langues.

BMO is looking for a Mortgage Warehouse Lending Operations specialist for its new mortgage finance business. The Warehouse Funding Operations specialist will assist management with the day to day processing through the life cycle of a residential mortgage loan. This role will be integral in the teams ability to provide business solutions in an efficient and controlled manner.

Candidate will be responsible for supporting a warehouse lending business. This will include:

  • Daily on-boarding/off-boarding of assets
  • Approving new cash request/returns
  • Performing Collateral Management Activities
  • On-boarding new lending relationships
  • Building custodial relationships
  • Validating/reconciling data with custodians
  • Ensuring Book and Records reflect the firms activity.
  • Identifying, developing, and testing solutions to improve a new and growing business
  • Interacting with the business and clients is critical as the role will be a stand-alone position until additional resources are required.

Job Qualifications

In-depth knowledge of the residential mortgage warehouse lending business

Agency and non-agency eligible loans

  • Knowledge of supporting additional warehouse lending assets such as commercials, HEL & HELOC, student loans, autos, etc.
  • Knowledge of Repo transaction flow
  • Good organization and documentation skills

Knowledge

  • Extensive expertise of the warehouse lending operations
  • Front to back flow
  • Knowledge of various asset classes (mortgage and non-mortgage assets)
  • Experience working within a banking environment
  • Understanding of MRAs and other contractual documentation
  • Operational controls, best practices
  • Knowledge of LMS is a plus

Skills

  • Excellent conceptualization, presentation and communication skills
  • Leadership, strategic vision and planning ability.
  • Strong ability to influence others.
  • Sound judgment and strong analytical skills to identify opportunities for enterprise collaboration.
  • Excellent team building skills, both as a leader and as a team player.
  • Strong logic and data integration skills.
  • Ability to identify and implement appropriate risk governance and control mechanisms.

We’re here to help

At BMO Harris Bank we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO Harris Bank team you are valued, respected and heard, and you have more ways to grow and make an impact.  We strive to help you make an impact from day one – for yourself and our customers.  We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.