MERS and Collateral Associate 3

***No agencies or 3rd party Recruiters please. Thank you! ***

Who we are:

Cornerstone Servicing, a division of Cornerstone Capital Bank, is a best-in-class mortgage servicer with a reputation for amazing service, customer satisfaction, employee retention and happiness! We employ people who are passionately committed to Cornerstone's Mission, Vision & Core Convictions.

We honor God by using our talents to make a positive difference in the lives of our Team Members, Clients, Shareholders, Communities, and the People who provide services to us.

Who we are looking for:

Cornerstone Servicing is seeking an experienced MERS & Collateral Associate III to join our team in Englewood, CO! The Associate coordinates servicing transactions for Collateral, MERS, Mailroom and Lien Release functions in the Loan Servicing Group. Delegates tasks, prioritizes work, coordinates audits and other projects. Interacts directly with Clients, Auditors, Other Departments and Vendors on deals. Primary driver of process improvement in work automation with vendors and IT.

• Location: Onsite daily in Englewood, CO
• Compensation: $55-65k/yr

Key Responsibilities:

MERS Administration:

• Ensure new loans are registered utilizing multiple MERS ORG ID's and that batches are processed timely based upon purchase advises
• Process MERS batches/deactivation, handle MIN level inquiries,
• Coordinate MERS discrepancies with Operational Business Units and Vendors
• Primary contact for MERS CRMS, MERS Administration Tasks and our required MERS audits
• Work with other business units to ensure compliance with MERS regulations/rules/procedures, discrepancy resolution and other projects

Collateral:

• Order collateral files, process note verifications and date of possession requests. Follow-up on outstanding collateral orders
• Receive, image, inventory, file and ship collateral files/trailing documents
• Interface with new Investors and their custodians on collateral set-up Lien Release, Assignments and Limited Power of Attorneys Processing:
• Ensure lien release exceptions are resolved with vendor
• Coordinate assignment projects with vendor for deals
• Inventory new LPOA's and ships documents out for transactions Other Duties:
• Work with management to delegate tasks, prioritize work and complete projects * Facilitate training with other team members
• Coordinate audit requests by interfacing with Auditors and Investors
• Assist with process improvement initiatives with IT and vendors
• Back-up the mailroom and other duties as assigned

Knowledge, Experience, Education Required:

• High School Diploma or equivalent
• Advanced written and verbal communication skills.
• Must have high level of integrity and professionalism
• Strong ability to multitask in a metrical environment while maintaining proper attention to detail.
• Ability to prioritize a diverse workload with time-sensitive deadlines
• Minimum 4-5 years of experience using Microsoft Office Suite (Word, Excel, Outlook, etc.)
• Minimum 4-5 years of experience in mortgage industry working with Collateral or MERS Administration in higher level positions.

What we offer:

Because we recognize and reward hard work, we offer a competitive salary, a full benefits package, and the potential for a performance-based bonus.

What to do next:

If Cornerstone sounds like the place for you (and if you have the qualifications, drive, and passion to match), we invite you to become a member of our winning team! And remember, once you're a part of our Cornerstone team, we'll continue to invest in you as a valuable asset to our company. As many of our team members can tell you, there's something special about working at Cornerstone.