Settlement Analyst

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What truly sets us apart is our people-first culture. Here, you'll be supported by unique initiatives like our Dream Manager program, one-on-one guidance from a nationally certified health and wellness coach, and free access to certified financial professionals who are here to help you plan for your future.

If you're looking for a career that empowers you to make meaningful connections, positively impact others, and pursue your personal and professional dreams-we'd love to meet you. Apply today and start the most rewarding chapter of your career with us.

Job Description

Settlement Analyst processes incoming wires and settlements as their priority; assists with funding duties as needed.

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Duties and Responsibilities include the following:

• Processes receipt and settlement of incoming wires from investors and return wires from closing agents; follows up with clients for missing Purchase Advises or wire discrepancies; notifies Treasury Desk of any incoming wires >$5MM.
• Works with FHLB, Wire Desk, IT, Accounting and Treasury as needed to resolve issues.
• Helps maintain department Settlement procedures.
• Responds timely with research and resolution of GL outages reported by Accounting.
• Receives, reviews and performs quality review on loans submitted by clients for funding, in accordance with Origin Bank and Warehouse Lending policies and procedures.
• Authorizes loans to go forward for funding approval based on criteria provided, or escalates all questionable findings, issues or exception requests to management.
• Helps maintain department Funding procedures.
• Processes additional wires per client request.
• Processes transfer of funds from Client DDA accounts to process Originator Participations and additional wires/manual advances.
• Performs pre- and post-funding quality control reviews in accordance with Warehouse Lending policies and procedures.
• Processes originator payoffs and curtailments as requested.
• Monitors Bot processing of daily posting of Originator Participations and settlement residual funds to Client DDA accounts; emails Participation Statement to Participating Banks when completed.
• Adds/updates WLS User information & provides installation instructions for clients; Updates Master Client List; Resets passwords per client request.
• Verifies settlement agent wire instructions/CPL/insurance coverage and sets up new agents in WLS.
• Responds timely to Wire Desk requests and OFAC verifications.
• Monitors expiration dates for Client E&O/Fidelity Bond and State Licenses; Obtains current policies from clients and updates WLS as required.
• Processes internal “swings” from one warehouse line to another for client-to-client purchases, OTC modifications, and sublimit moves; notifies team to update collateral status.
• Runs Daily Disbursement report/checks Fed Ref #'s/sends 'Done for the Day' email to Warehouse Lending, Wire Desk & Mortgage Accounting.
• Responds timely to client emails concerning information requests, quality control documentation, return wires, funding cancellations, updates, wire confirmations, etc.
• If responsible, may board new clients in WLS, add business rules, add users, link to products, closing agents & investors; distribute login credentials.
• If responsible, may update client info due to renewals, extensions, amendments, bulges, exception approvals
• If responsible, processes monthly interest payments for OTC, IML sublimit loans.
• If responsible, processes all OTC funding and draws in the absence of the Mortgage One Time Closing Manager, or to assist with heavy volume.
• Cross-trains with the Shipping team or other areas where the Warehouse Lending Operations Manager sees the opportunity for continuing training or support.

• Trains new Warehouse Lending employees and new Clients as needed.
• Attends industry events, representing Origin Bank Warehouse Lending Department in a professional manner.

Supervisory Responsibilities                                                       

This job has no supervisory responsibilities.

Competencies - To perform the job successfully, an individual should demonstrate the following competencies:

Problem Solving - Identifies and resolves problems in a timely manner; Gathers and analyzes information skillfully.

Interpersonal Skills/Customer Service - Maintains confidentiality; Manages difficult or emotional customer situations; Responds promptly to customer needs; Solicits customer feedback to improve service; Meets commitments.

Oral and Written Communication - Speaks clearly and persuasively in positive or negative situations; Responds well to questions; Participates in meetings; Writes clearly and informatively; Presents numerical data effectively.

Teamwork - Balances team and individual responsibilities; Gives and welcomes feedback; Contributes to building a positive team spirit; Puts success of team above own interests; Supports everyone's efforts to succeed.

Organizational Support - Follows policies and procedures; Supports organization's goals and values.

Planning/Organizing - Prioritizes and plans work activities; Uses time efficiently.

Professionalism - Approaches others in a tactful manner; Reacts well under pressure; Treats others with respect and consideration regardless of their status or position; Accepts responsibility for own actions; Follows through on commitments.

Quality and Quantity - Demonstrates accuracy and thoroughness; Applies feedback to improve performance; Completes work in timely manner; Works quickly.

Attendance/Punctuality and Dependability - Is consistently at work and on time; Ensures work responsibilities are covered when absent; Arrives at meetings and appointments on time; Follows instructions, responds to management direction; Commits to long hours of work when necessary to reach goals.

Adaptability, Initiative and Innovation - Able to deal with frequent change, delays, or unexpected events; Asks for and offers help when needed.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and/or Experience                                                     

Associate's degree (A. A.) or equivalent from two-year college or technical school; minimum five years related experience and/or training in mortgage banking with warehouse lending, closing/funding and mortgage shipping; or equivalent combination of education and experience.

Computer Skills                                                               

To perform this job successfully, an individual should preferably have knowledge of FIS eWire; IBS Insight; WLS (Warehouse Lending System) software, Microsoft Word, Excel and Outlook.

Bank Culture/Customer Service Skills

Promotes the Bank’s culture, including the support of our Brand promise and Core Values.

Ability and judgment to interact and communicate appropriately with other employees, customers and supervisor.  Ability to serve customers, both internal and external, (community/public) in a manner that will reflect superior customer relations and enhance the overall marketing effort of Origin.

Other Skills and Abilities                                               

Must be able to read and understand mortgage documents such as Form 1003, Closing Disclosure, property appraisals, investor locks and purchase commitments, property deeds and mortgage notes.

Physical Demands

While performing the duties of this Job, the employee is regularly required to sit; use hands to finger, handle, or feel; reach with hands and arms and talk or hear. The employee is frequently required to stand and walk. The employee is occasionally required to climb or balance and stoop, kneel, crouch, or crawl.  The employee must regularly lift and /or move up to 10 pounds, frequently lift and/or move up to 25 pounds and occasionally lift and/or move up to 50 pounds.  Specific vision abilities required by this job include close vision, color vision and ability to adjust focus.

Work Environment/Telecommuting

This is a fully remote position, and the individual must follow the Bank’s policies in this regard.

When/if working in the office, the work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. 

The noise level in the work environment is usually moderate.

This job description reflects management's assignment of essential functions.  It does not prescribe or restrict the tasks that may be assigned.  Origin Bank shall, in its discretion, modify or adjust the position to meet the Bank’s changing needs.  This job description is not a contract and may be adjusted as deemed appropriate in the Bank’s sole discretion. 

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Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, pregnancy, genetic information, disability, status as a protected veteran, or any other protected category under applicable federal, state, and local laws. Know Your Rights