Loan Acquisition Transaction Manager

Job Description

Job Description

Description

The Transaction Manager is responsible for overseeing the end-to-end mortgage loan acquisition process, ensuring accuracy, efficiency, and timely execution. This role manages the acquisition pipeline, resolves aged production issues, responds to diligence requests, and drives continuous improvement in systems and processes. Additionally, the Transaction Manager supports client training and cultivates strong relationships across internal teams and external partners.

The ideal candidate brings strong analytical skills, hands-on experience in operational acquisition and securitization, and a track record of addressing both business and technical challenges. Success in this role requires excellent communication and interpersonal skills, a proactive, analytical and detail-oriented mindset, and the ability to thrive both independently and in a fast-paced, collaborative environment.

Local Candidates work hybrid in office, 2-3 days per week in Bloomington, MN. Tuesdays, Wednesdays and Thursdays

Responsibilities and Duties :

• Manage Mortgage Transactions : Oversee multiple acquisitions, ensuring timely execution within cost constraints. Handle due diligence (DD), transaction milestones, settlement approval and document retention.
• Transaction Coordination : Develop timelines, collaborate with stakeholders, manage bulk transactions, and address workflow exceptions.
• Legal and Diligence Oversight : Work with legal on trade-specific contracts and serve as a liaison for reliance letter diligence across multiple TPRs.
• Data Accuracy & Reconciliation : Capture, review, and reconcile data from DD, custodians, and client submissions, addressing inconsistencies or discrepancies.
• Reporting & Training : Create tailored client reports, define diligence workflows, and train new clients on underwriting standards and system navigation.
• Communication & Issue Resolution : Provide trade updates, coordinate with acquisitions, legal and capital markets, and address post-purchase concerns.
• Product & Credit Knowledge : Maintain deep understanding of credit guidelines, transaction processes, and exception criteria to analyze collateral and resolve credit-related concerns.
• Customer Support & Problem Solving : Provide responsive, solution-oriented support to clients; troubleshooting issues and deliver resolutions aligned with company and customer objectiv
• Process Improvement & Compliance : Drive operational enhancements, support compliance and IT initiatives, and ensure alignment with internal policies and regulatory requirements.
• Securitization & Whole Loan Sale Support : Partner with the securitization and whole loan sale team to ensure smooth execution of trades, proper documentation flow, and timely resolution of transaction-related issues.

Education and Experience :

Key Competencies :

How This Role Demonstrates Our Values :

Benefits

Disclaimer :

Successful applicants will exemplify strong ethics, integrity, respect for others, accountability for decisions and actions, and good citizenship.

Maintaining a reliable, uninterrupted high speed internet connection is a requirement of hybrid or remote positions.

All job duties and responsibilities must be performed within the guidelines of the Verus Residential Mortgage Employee Handbook and established company policies and procedures. It is the responsibility of each employee to maintain confidentiality of the company, its clients and to follow applicable laws and regulations in the performance of duties.

Verus Mortgage Capital is an equal opportunity employer. All qualified applicants are welcomed to apply and will receive consideration for employment without unlawful discrimination because of a person’s race, religious creed, color, national origin, citizenship status, ancestry, marital status, sex, age, or sexual orientation, or because of a person’s disability or medical condition.