Mortgage Underwriter
Birmingham, AL · On-site
... collateral valuation, complicated tax returns, financial statements, sales contracts, title ... manage an individual loan pipeline daily, prioritizing files and ensuring loan closing dates are ...
Mortgage Underwriter
Birmingham, AL · On-site
... collateral valuation, complicated tax returns, financial statements, sales contracts, title ... manage an individual loan pipeline daily, prioritizing files and ensuring loan closing dates are ...
Collateral Management Valuation information
How does a Collateral Management Valuation professional typically interact with other teams within a financial institution?
Collateral Management Valuation professionals work closely with teams such as risk management, trading, and legal to ensure that the value of collateral is accurately assessed and aligned with regulatory requirements. They often coordinate with front office staff to clarify transaction details and with operations teams to resolve discrepancies in collateral records. Regular communication and collaboration are essential to manage daily margin calls, mitigate counterparty risk, and respond to market fluctuations, making teamwork and cross-departmental coordination a key aspect of the role.
What is Collateral Management Valuation?
Collateral Management Valuation is the process of assessing and monitoring the value of assets pledged as collateral in financial transactions, such as derivatives, loans, or repurchase agreements. This valuation ensures that the collateral held is sufficient to cover the exposure or risk in the event of a counterparty default. Professionals in this field regularly revalue collateral based on market prices and risk factors, helping firms manage credit risk and comply with regulatory requirements. Accurate collateral valuation is essential for maintaining financial stability and protecting both parties in a transaction.
What are the key skills and qualifications needed to thrive as a Collateral Management Valuation professional, and why are they important?
To thrive as a Collateral Management Valuation professional, you need strong analytical skills, expertise in financial instruments, and a degree in finance, economics, or a related field. Familiarity with valuation systems, collateral management platforms, and regulatory tools such as Bloomberg, Calypso, or TriOptima is typically required. Attention to detail, effective communication, and the ability to work under pressure are essential soft skills for this role. These competencies ensure accurate collateral valuation, risk mitigation, and compliance with industry regulations in fast-paced financial environments.
What is the difference between Collateral Management Valuation vs Collateral Management Analyst?
| Aspect | Collateral Management Valuation | Collateral Management Analyst |
|---|---|---|
| Certifications | Typically requires certifications like CFA or valuation-specific credentials | Often requires similar certifications, such as CFA or relevant financial analysis credentials |
| Work Environment | Focuses on valuation processes, risk assessment, and pricing of collateral assets | Involves monitoring collateral, data analysis, and supporting collateral operations |
| Industry Usage | Used in banking, asset management, and trading firms for valuation purposes | Commonly employed in financial institutions for collateral management and reporting |
While both roles operate within collateral management, Collateral Management Valuation specializes in assessing the value of collateral assets, whereas Collateral Management Analyst focuses on day-to-day collateral monitoring and operational support. Understanding these distinctions helps clarify career paths and job expectations in the industry.
What are popular job titles related to Collateral Management Valuation jobs in Alabama? For Collateral Management Valuation jobs in Alabama, the most frequently searched job titles are:
What job categories do people searching Collateral Management Valuation jobs in Alabama look for? The top searched job categories for Collateral Management Valuation jobs in Alabama are:
What cities in Alabama are hiring for Collateral Management Valuation jobs? Cities in Alabama with the most Collateral Management Valuation job openings:
Full-time
Medical, Dental, Vision, Retirement
Posted 6 hours ago
First Horizon Bank rating
8.3
Based on 31 frontline employees who took The Breakroom Quiz
40th of 170 rated banks
Job description
Location: On site in Charlotte, NC, Miami Lakes, FL, Plano, TX, Houston, TX, Birmingham, AL or Baton Rouge, LA.
Summary:
Underwrites residential mortgage loan applications according to agency, investor, regulatory and internal First Horizon guidelines. Analyzes all aspects of the loan application and supporting documentation to make prudent credit decisions which maximize organizational profit and minimize risk or loss. Provide quality and timely customer service to internal and external customers.
Essential Duties and Responsibilities:
• Independently evaluate a variety of complex residential mortgage credit applications, credit bureau information, collateral valuation, complicated tax returns, financial statements, sales contracts, title, insurance and/or other supporting documentation to decision loans within designated authority levels by way of automated underwriting tools.
• Review and evaluate loan viability and identify risk issues and potential fraud.
• Comply with bank policies and procedures, regulatory requirements, and investor/internal guidelines.
• Effectively communicate with sales and operations partners regarding loan approvals, condition clarifications, deficiencies, and denials.
• Respond to audits and post-closing issues in a timely manner.
• Proactively manage an individual loan pipeline daily, prioritizing files and ensuring loan closing dates are met as well as company turn-time standards.
• Collaborate with team members using underwriting guideline knowledge to identify potential solutions for denied loan files and issue counteroffers when applicable.
• Mentor less experienced underwriters and provide second level reviews for training files.
• Perform other duties as assigned.
Qualifications:
To perform this job successfully, an individual must be able to perform each essential duty
satisfactorily. Additionally, the qualifications listed below are representative of the knowledge,
skills, and/or abilities required in this position:
• Thorough understanding of mortgage lending regulations, underwriting guidelines, unique product types (bond, jumbo, portfolio) and the residential mortgage loan process.
• Excellent verbal and written communication skills, including ability to concisely articulate the borrower’s financial profile and associated risks.
• Ability to prioritize work and meet tight timelines
• Ability to partner and collaborate with a team of peers and management
• Government lending credentials, including FHA Direct Endorsement and VA SAR or equivalent non-QM, manual underwriting experience
About Us
First Horizon Corporation is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.
Benefit Highlights
• Medical with wellness incentives, dental, and vision
• HSA with company match
• Maternity and parental leave
• Tuition reimbursement
• Mentor program
• 401(k) with 6% match
• More -- FirstHorizon.com/First-Horizon-National-Corporation/Careers/Our-Benefits
Follow Us
Facebook
X formerly Twitter
LinkedIn
Instagram
YouTube
What First Horizon Bank employees say
Pay
Benefits
Hours and flexibility
Workplace
Get the full story on Breakroom
About First Horizon Bank
Sourced by ZipRecruiter
Industry
Finance and insurance and commercial banking
Company size
5,001 - 10,000 Employees
Headquarters location
Memphis, TN, US