Realty Management Division, Residential Mortgage Team, Default Servicing, Associate/VP, Irving

The Due Diligence Default Servicing Associate/VP is responsible for managing third-party vendor partners who perform various aspects of 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.

Primary Responsibilities:

  • Perform due diligence on all aspects of residential mortgage loans pertaining to servicing (including tax and title) and/or 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 all 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
  • Review, understand, and act on deal level documents (e.g., MLPA, R&W, Side Letter, etc.)
  • 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)
  • Ensure departmental and corporate guidelines are followed, and objectives are achieved
  • Communicate the firm’s goals and objectives
  • Perform other duties as assigned

Basic Qualifications• Minimum of 5 years of extensive mortgage servicing experience, with an emphasis in Foreclosure, Bankruptcy and 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
  • Capable of recommending modifications to existing policies/procedures to control risk and improve performance/efficiencies
  • 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 high-stress, fast-paced environment, and aggressive deadlines with minimum supervision; successfully meet established project requirements and deadlines
  • 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 (and occasional weekends) as needed

Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet. © The Goldman Sachs Group, Inc., 2015. All rights reserved.

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