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Collateral Specialist in San Diego, CA at Plaza Home Mortgage, Inc.

Date Posted: 9/18/2018

Job Snapshot

  • Employee Type:
  • Location:
    San Diego, CA
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:

Job Description

Plaza Home Mortgage, Inc., a national wholesale mortgage company headquartered in San Diego, California, has a full-time opportunity for a Collateral Specialist with our San Diego, California Corporate Office
Plaza Home Mortgage, Inc. was originally founded in December of 2000 to serve the San Diego area mortgage market. Due to our growth and success, we now have branches throughout the United States and we are continuing to grow and expand in anticipation of market demands. Plaza is privately owned and operates as a full-service Mortgage Banker.
Plaza’s mission is to become the premier provider of mortgage loans by developing a distinct, sustainable competitive advantage through superior execution of a business philosophy that combines knowledge, technology, and service. Plaza Home Mortgage, Inc. is dedicated to building long-term relationships with both customers and employees through quality training, and excellent customer support.
Our ideal candidate should be hardworking and maintain high levels of professionalism and ethics.


The Collateral Specialist is responsible for monitoring all collateral for timely delivery and clear all collateral exceptions.  Ensures delivery of all collateral for loan purchase.

Job Requirements
Must comply with all BSA/AML requirements as well as any mandatory changes. The following job functions are not all-inclusive.  The associate will be required to perform other job-related tasks/responsibilities requested by the manager.  Job duties may change as required by needs of company.  Must complete all required industry and compliance training as required by Plaza Home Mortgage.
  1. Track daily collateral shipped reports to ensure timely delivery of collateral from Correspondents to the applicable warehouse banks.
  2. Contact Correspondents regarding any outstanding collateral packages and exceptions.
  3. Communicate with warehouse banks to clear Correspondent loans for purchase.
  4. Run daily funded allocation reports and request notes to be shipped from the applicable warehouse bank to Investors.
  5. Check daily outstanding aged collateral reports.
  6. Assess timely Correspondent MERS Beneficial Interest and Servicing transfers.
  7. Monitor daily warehouse bank exception reports and clear accordingly.
  8. Other duties as assigned.

  • High school diploma or equivalent required
  • Prior experience in the mortgage banking industry and experience performing MERS online system activities strongly desired
  • Excellent  written, verbal and interpersonal communication skills essential
  • Exceptional attention to detail with the ability to consistently prioritize and produce accurate work within set deadlines required
  • Ability to manage time and multi-task in a fast-paced environment with heavy volume of transactions is crucial
  • Solid commitment to customer and associate service necessary
  • Should be adept at solving problems and possess aptitude to use independent judgment skills to make quick decisions within written policy and standard operating procedures
  • Proven aptitude to work in both a team and individual environment
  • Proficiency with computer systems including MS Office (Word, Excel, and Outlook) and Internet Browsers with knowledge of DataTrac a plus

  • Attention to Detail
  • Client Focus
  • Concern for Safety
  • Interactive Communication
  • Organizational Awareness
  • Teamwork
  • Using Information Technology
  • Work Ethic and Values
Plaza offers a great work environment. Plaza is an EEOC employer and follows all federal, state, and local laws relating to fair employment.
Plaza Home Mortgage, Inc. is committed to preventing, stopping and remedying all forms of discrimination that occur in its workplace. Managers are accountable for keeping Plaza’s workplace free from discrimination and ensuring that Plaza provides equal employment opportunity for all in the workforce and for those seeking to become members of Plaza’s workforce.
Plaza’s employees are protected by laws designed to protect employees from discrimination on the bases of race, religion, color, sex,  pregnancy, gender identity, sexual orientation, parental status, national origin, age, disability, family medical history or genetic information, political affiliation, military service, or any other non-merit based factor. These protections extend to all management practices and decisions, including recruitment and hiring practices, appraisal systems, promotions, and training and career development programs.  Plaza’s employees are also protected against retaliation if they engage in a protected activity, whistleblowing, or the exercise of any appeal or grievance right provided by law.


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