Comerica Bank Job - 32798540 | CareerArc
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Company: Comerica Bank
Location: Livonia, MI
Career Level: Associate
Industries: Banking, Insurance, Financial Services


Mortgage Warehouse Document Custodian

The Mortgage Warehouse Document Custodian is responsible for the file and safekeeping of mortgage documents and investor shipping functions for the Bank's Mortgage Warehouse customers.

Position Responsibilities:

  • File original collateral documents.
  • Prepare collateral packages for investor shipping.
  • Endorse original notes to Investors.
  • Perform Quality Review on outgoing shipping packages.
  • Validate and archive collateral documents.
  • Ensure outgoing shipments adhere to Lender and Investor guidelines.
  • Maintain Mortgage Warehouse vaults to meet compliance and audit standards.
  • Ensures compliance with established service objectives in accordance with procedures, corporate policies, legal guidelines, credit and lending policies, and applicable Federal and State Laws.
  • Support Mortgage Warehouse Services audits/exams by providing requested information per agreed upon timeframes and ensure all requested responses for all exceptions or issues are completed within the requested time frame.
  • Process original note deposits on Mortgage Warehouse loan system.
  • Perform collateral review of original collateral documents to ensure adherence to Credit Agreement.

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