Realty Management Division, Residential Mortgage Asset Management, Due Diligence Default Servicing- Associate/ Analyst

US-TX-Irving
Job ID
2017-37187
Schedule Type
Full Time
Level
Analyst
Function(s)
Real Estate
Americas
Division
Realty Management Division
Resi Mortgage Asset Mgmt
Employment Type
Employee

MORE ABOUT THIS JOB

Realty Management

 

The Realty Management Division (RMD) plays an integral role in supporting the firm’s real estate investing strategy by providing investment and asset management services globally in the real estate market, partnering with other divisions in the firm to deliver results wherever Goldman Sachs has an interest. RMD serves as an extension to revenue divisions by providing services such as sourcing, acquisition, underwriting and due diligence of distressed and performing real estate and loan assets, asset management, portfolio management and disposition across various property types including office, multi-family, retail and hotel. Our division also manages residential loan portfolios and warehouse repo lines across auto, student, and consumer asset classes while providing structure, pricing and collateral analysis support. We look for individuals who are passionate about real estate and finance, have strong problem solving and analytical skills, and are great communicators who are eager to make an impact.

 

 

Divisional Overview


Residential Mortgages Asset Management (RMAM) is a business unit within the Realty Management Division (RMD) primarily supporting the Securities divisions’ Mortgage Loan Trading and Investment Banking’s Structured Finance desks. RMAM is responsible for directing and facilitating due diligence (at both the deal and asset levels) for the acquisitions, sales and securitizations of residential loan portfolios, and ensuring completion of transaction closing requirements. Post trade RMAM is responsible for the Asset management and facilitation of the portfolio’s strategies and portfolio performance reporting.

 

RESPONSIBILITIES AND QUALIFICATIONS

Role Overview


The Due Diligence Default Servicing Associate/Analyst will assist in loan level due diligence on residential whole loan pool bids/acquisitions. Additional responsibilities include reviewing servicing history comments/notes to determine the current status of an asset, assisting in due diligence for the acquisition of residential loan portfolios, facilitating the sale/securitization of assets, and conducting servicing reviews on Goldman Sachs’ third-party vendor partners.

 

Responsibilities:

  • Assist on due diligence of residential mortgage loans pertaining to servicing (including tax and title) and default servicing (Foreclosure/Bankruptcy/Loss Mitigation) 
  • Escalate adverse findings and potential drops to Transaction Manager(s) and Trade Desk(s) 
  • Order/analyze property reports and tax searches for potential purchases and loan sales 
  • Work closely with the Valuations Team and Collateral Management Team on acquisitions to identify property related and collateral related issues discovered through servicing comments; determine resolutions/potential cures 
  • Report and track issues until resolved; issue final reports identifying risk/significant issues, resolutions, financial impact, etc. 
  • Document and maintain quality notes and accurate summaries on all loan reviews 
  • Maintain accurate reporting of exceptions and reconciling data to maintain data integrity 
  • Maintain KPIs on third-party vendor partners, and assist in updating departmental policies/procedures 
  • Assist with annual on-site reviews of third-party vendor partners 
  • Assist with performing due diligence on prospective new Sellers/Counterparties/Servicers/Third-Party Vendor Partners 
  • Actively participate in system/technology related projects (e.g., assist IT/System Administration with design, analysis, testing, and implementation aspects of enhancements made to the Due Diligence System) 
  • Support other departments with servicing related research (GS Whole Loan Reporting, Asset Management, Repurchase Team, and Trade Desk Support) 
  • Perform other duties as assigned

Qualifications:

  • Minimum of 3 years of mortgage servicing experience, and/or tax and title experience, emphasis in Foreclosure, Bankruptcy and/or Loss Mitigation 
  • Possess firm understanding of corporate advances and how these impact the boarding of assets 
  • Independent thinker who will be proactive, assertive and professional in dealing with internal/external customers, third-party vendor partners, other RMD/RMAM departments, and senior managers 
  • Strong ability to organize, analyze and interpret legal and compliance materials 
  • Strong self-confidence, good judgment, and sound decision making and problem solving skills 
  • Ability to handle a fast-paced environment with minimum supervision
  • Ability to work independently and multi-task
  • Outstanding initiative and excellent communication/presentation skills (both verbal and written) 
  • Possess strong organizational and detail-oriented skills 
  • Advanced proficiencies in MS Excel, Word and Outlook 
  • Must have ability to travel and work extended hours as needed

ABOUT GOLDMAN SACHS

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

© The Goldman Sachs Group, Inc., 2018. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.

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