Collateral and Funding Operations Specialist

$49,920 - $70,720/Yr

Radian Guaranty - Philadelphia, PA

Full-time - Entry Level

Remote - Philadelphia, PA

Professional, Scientific, and Technical Services

About the position

The Operations Specialist for Radian Mortgage Capital (RMC) plays a crucial role in the management and processing of collateral and funding operations. This position is primarily responsible for coordinating the delivery of collateral documents to custodians, ensuring that all necessary documentation is accurate and complete. The specialist will review collateral exception reports from custodians to clear any documentation issues and follow up with sellers for outstanding trailing documents. Additionally, the role involves facilitating post-purchase activities, which include MERS transfers and sending monthly purchase confirmations to sellers. In preparation for loan purchases, the Operations Specialist will review and prepare loans, validating MERS, obtaining pay histories from sellers, and ensuring that all documentation aligns with system data for accuracy. This position requires a strong attention to detail and the ability to perform routine administrative operations and service support tasks effectively. The Operations Specialist will also be expected to perform other duties as assigned, contributing to the overall efficiency and effectiveness of the operations team. Radian values a flexible work environment, allowing employees to work from home or another designated workspace. This role is designed to support a work-from-anywhere model, subject to Radian's Alternative Work Policy and business needs. The company is committed to recognizing the potential in each employee and fostering an inclusive culture that encourages personal and professional growth.

Responsibilities

• Coordinate the delivery of collateral documents to custodians
• Review collateral exception reports from custodians to clear documentation
• Follow up with Sellers for outstanding trailing documents
• Facilitate post-purchase activities, including MERS transfers and sending monthly Purchase confirmations to Sellers
• Review and prepare loans for purchase, including validating MERS, obtaining pay histories from Sellers, reviewing documentation against system data for accuracy and preparing the purchase advice and funding memos
• Perform other duties as assigned or apparent.

Requirements

• High school diploma or general education degree (GED)
• 4-6 years mortgage post-closing and/or funding operations experience
• Efficient in time-management and ability to organize and prioritize tasks
• Technology savvy and comfortable learning new systems and programs
• Strong attention to detail
• Excellent verbal and written communication skills
• Strong problem solving and analytic skills.

Benefits

• Competitive Compensation with an anticipated base hourly rate from $24.00 to $34.00 based on skills and experience
• 20 days of paid time off annually, prorated in the year of hire
• 9 paid holidays + 2 floating holidays
• Parental leave for new parents
• Multiple medical plan choices, including HSA and FSA options, dental, vision, and basic life insurance
• 401(k) with a top of market company match, immediately vested
• Opportunity to participate in Radian's Employee Stock Purchase Plan (ESPP)
• Homebuyer Perks program to assist employees in home ownership.