Global Banking & Markets - Due Diligence - Associate

BUSINESS UNIT OVERVIEW

The Loan Management team is a business unit within the Global Banking & Markets segment, primarily supporting the Mortgage Loan Trading and Structured Finance desks. The team is a multifaceted diligence and asset management platorm specializing in whole loan acquisition, sales, securitizations, and financing
opportunities. The Loan Management team has product expertise across mortgages, consumer loans, real estate and warehouse financing.

Trade Management Analyst will have key responsibilities in supporting due diligence (at both the deal and asset levels) for the acquisition and sale/securitization of residential whole loan portfolios and ensuring completion of transaction closing requirements. Analyst is responsible for reviewing Residential Mortgage documents for accuracy and adherence to requirements, assisting in due diligence for the acquisition and sale or securitization of residential loan portfolios Goldman Sachs thirdparty
vendor partners. The team also works on Consumer and Warehouse business.

Responsibilities

Perform critical document reviews including property reports and title policies to identify any
title deficiencies or prior liens or tax liens which affects GS lien position on property
Perform valuation documents review like property appraisal review, BPO (Broker Price Opinion)
review for loan and trade level requirements.
Perform accuracy check on loan data received from different sources and validate through
documents review
Support Transaction Managers on trade related functions and perform ancillary reviews &
various diligence reviews on loans
Review various lender guides against GS underwriting criteria to identify gaps to assist with
trading desk for decision making
Perform audits/underwriting QC review of the originated loan (Credit, Income and Compliance)
and determine exceptions
Extensively work with different servicers and perform continuous follow ups to get loan level
data and documents required for various diligence reviews
Review and analyze invoices and supporting information to ensure accurate billing for services
by third party vendors
Actively participate in system/technology/automation related projects (e.g., assist IT/System
Administration with design, analysis, testing, and implementation aspects of enhancements
made to the system)
Support other departments with servicing related research (Reporting and Analytics, Asset
Management, Repurchase Team, Transaction Management, and Trade Desk Support)
Ensure departmental and corporate guidelines are followed, and objectives are achieved
Perform other duties as assigned

Requirements

Minimum of 3-7 years of experience on US mortgage loan origination, underwriting and
mortgage documents review
Knowledgeable on mortgage documents such as Note, Mortgage Deed, Title Policy, Property
Appraisal, BPO and credit reports
Requires strong working knowledge on Residential Loan Underwriting, able to read and
understand lending guide.
Excellent decisionmaking and strong analytical skills
Selfconfidence, good judgment, sound decision making and problem solving skills
Ability to handle a highstress, fastpaced environment, and aggressive deadlines with minimum
Supervision; successfully meet established project requirements and deadlines
Ability to work independently, multitask, and be well organized
Strong verbal and written communications skills
Strong organizational skills, attention to detail and flexibility
Ensure that quality work product is maintained in a tradebased and time sensitive environment
Knowledge of the principles and regulations applicable to mortgage lending
Experience reviewing loans for compliance with applicable federal and state laws, including but
not limited to knowledge of regulatory requirements, including but not limited to Real Estate
Settlement Procedures Act (RESPA)Regulation X, TruthinLending Act (TILA)Regulation Z
Excellent PC skills and possess a high level of proficiency in Microsoft Office applications to
include Excel, and Word