Overview
Binomial Real Estate supports Blackstone's residential mortgage portfolio business. Binomial manages a portfolio of business-purpose loans and reperforming loans (RPL's), providing critical asset due diligence and vendor oversight. Binomial, a remote-first company, has its corporate headquarters located in New York, NY with employees located in each time zone.
The Loan Servicing Oversight team's primary responsibility is supporting the Blackstone residential mortgage business by managing the following components: loan level reviews, delinquent loan monitoring and resolution, loan administration and loan boarding. The AVP's role will support each of these functions under the guidance of the SVP of Loan Servicing Oversight. This position will interact directly with the trading desk, internal business groups, and external vendors.
Responsibilities
- Monitor established mortgage servicing service level agreements, including producing monthly scorecards to track vendor performance.
- Review servicing complaints to assess whether the vendor addressed them appropriately based on established vendor processes.
- Perform assessments (testing) related to critical functions/areas within servicing, including Loan Administration (cash management, escrow administration, etc.), Default Management (Collections, Loss Mitigation, etc.), and Investor Accounting.
- Provide reporting to management based on the results of assessments performed.
- Assist and complete MERS reconciliation, as required.
- Manage servicing issues identified by business assessments, in addition to issues identified by business partners (Operational Risk, Compliance, Credit/QC).
- Work with internal business partners to address loan level/escalated issues as needed.
- Participate in calls with business partners and vendors and prepare reporting as required based on information gathered on calls.
- Oversee the accuracy and timeliness of all required vendor reporting, in addition to ensuring that reports are maintained.
- Participate in ad hoc projects as needed and assist management with requests related to servicing oversight
Qualifications
Binomial Real Estate seeks to hire individuals who are motivated, experienced in the subject matter area, and are detail oriented while working within hard deadlines mandated by regulation, and are self-sufficient in a remote work environment. The successful candidate should have:
- Minimum seven (7) years of Servicing Oversight experience.
- Bachelor's degree required.
- The ideal candidate will have experience in business purpose residential mortgages (i.e., bridge/fix and flip loans, single-family rental loans) and Non-QM/Jumbo mortgages.
- The ideal candidate will also have experience in servicing/asset management of residential mortgage loans.
- Solid and detailed knowledge of residential mortgage underwriting and servicing guidelines.
- Must have a working knowledge of mortgage documents and an understanding of the mortgage life cycle.
- Robust computer data and presentation skills and significant experience with both Microsoft Excel and PowerPoint.
- Residential mortgage credit and underwriting experience and knowledge.
- Excellent oral and written communication skills, along with attention to details.
- Experience in the management of relationships with external vendors.
- Competitive salary, overall compensation and 401(k)
- Work-life balance offerings include:
- Remote work policy
- Weekly Summer Fridays
- Generous health insurance and wellness benefits
As of the date on which this job advertisement is posted, Binomial anticipates that the base salary range for this role is $80,000 - $110,000 (this represents the presently-anticipated low and high end of the Company's base salary range for this position). Total direct compensation may also include discretionary bonus and/or incentive compensation. Actual base salary range may vary based on various factors, including but not limited to location and experience.
Our company is proud to be an equal opportunity employer . We celebrate diversity and are committed to creating an inclusive environment for all employees. Our employment decisions are based on individual qualifications, job requirements and business needs without regard to race, color, marital status, sex, sexual orientation, gender identity and/or expression, age, religion, disability, citizenship status, national origin, pregnancy, veteran status and / or any other legally protected characteristics. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email [email protected] .
#LI-Remote #LI-AM1
What We Do
Revantage North America is a professional corporate services company that embraces ambition and innovation to serve Blackstone’s Real Estate portfolio companies.
Blackstone is one of the largest real estate private equity investment managers in the world, with a real estate portfolio that includes logistics, rental housing, office, hospitality and retail properties in the North America, Europe, and Asia.
Why Work With Us
If you’re looking to get high level exposure to senior leaders, be a pinch hitter, and grow rapidly within an organization, Revantage is the place for you. We work on a global playing field and interface directly with Blackstone and portfolio company executive management teams to problem solve using our best-in-class talent and resources.
Gallery
![Gallery](https://cdn.builtin.com/cdn-cgi/image/f=auto,fit=crop,w=255,h=145/https://builtinnyc.com/sites/www.builtinnyc.com/files/2022-08/Library_0.jpeg)
![Gallery](https://cdn.builtin.com/cdn-cgi/image/f=auto,fit=crop,w=255,h=145/https://builtinnyc.com/sites/www.builtinnyc.com/files/2022-08/IMG_5218_0.jpeg)
![Gallery](https://cdn.builtin.com/cdn-cgi/image/f=auto,fit=crop,w=255,h=145/https://builtinnyc.com/sites/www.builtinnyc.com/files/2022-08/IMG_5229_1.jpeg)
![Gallery](https://cdn.builtin.com/cdn-cgi/image/f=auto,fit=crop,w=255,h=145/https://builtinnyc.com/sites/www.builtinnyc.com/files/2022-08/IMG_5235_1.jpeg)
![Gallery](https://cdn.builtin.com/cdn-cgi/image/f=auto,fit=crop,w=255,h=145/https://builtinnyc.com/sites/www.builtinnyc.com/files/2022-08/IMG_5237_1.jpeg)
![Gallery](https://cdn.builtin.com/cdn-cgi/image/f=auto,fit=crop,w=255,h=145/https://builtinnyc.com/sites/www.builtinnyc.com/files/2022-08/IMG_5217_1.jpeg)
![Gallery](https://cdn.builtin.com/cdn-cgi/image/f=auto,fit=crop,w=255,h=145/https://builtinnyc.com/sites/www.builtinnyc.com/files/2022-08/IMG_5239_1.jpeg)
![Gallery](https://cdn.builtin.com/cdn-cgi/image/f=auto,fit=crop,w=255,h=145/https://builtinnyc.com/sites/www.builtinnyc.com/files/2022-08/IMG_5240_1.jpeg)
![Gallery](https://cdn.builtin.com/cdn-cgi/image/f=auto,fit=crop,w=255,h=145/https://builtinnyc.com/sites/www.builtinnyc.com/files/2022-08/Library-2_0.jpeg)
![Gallery](https://cdn.builtin.com/cdn-cgi/image/f=auto,fit=crop,w=255,h=145/https://builtinnyc.com/sites/www.builtinnyc.com/files/2022-08/BoardRoom.jpeg)
Revantage, a Blackstone Real Estate Portfolio Company Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.