Collateral Specialist, Mortgage Warehouse

Job Description:

Wintrust provides community and commercial banking, specialty finance and wealth management services through its 16 bank charters and nine non-bank businesses. Wintrust delivers the sophisticated solutions of a large bank while staying true to the relationship-focused, personalized service of our community banking roots. We serve clients in all 50 states with more than 200 branch banking locations in Illinois, southwestern Florida, northwestern Indiana, west Michigan and southern Wisconsin and commercial banking offices in Chicago, Denver, Milwaukee, Grand Rapids, Mich., and in key branch banking locations throughout Illinois. Our people are the heart of our business and we are proud to rank consistently as a top place to work. Wintrust is a $66 billion financial institution based in Rosemont, Illinois, and listed on the NASDAQ Global Select Market under the symbol “WTFC.”

Why join us?

• An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 11 years) and Employee Recommended award by the Globe & Mail (past 6 years)

• Competitive pay and discretionary or incentive bonus eligible

• Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few

• Family-friendly work hours

• Promote from within culture

The Collateral Specialist is part of the Mortgage Warehouse Lending team, which provides short-term bridge financing for Independent Mortgage Bankers. In this client-facing role, you will ensure collateral is properly inventoried and shipped to investors per clients' direction.

What You’ll Do

• Intake of collateral: Receive and open deliveries from UPS and FedEx, scan documents from packages, entering the received date in the system

• Fulfillment: Ship the collateral (original Note) per client direction (Side Letter Agreement) to an end investor who will acquire the Note; includes creating the bailee letter, a UPS or FedEx shipping label, and scanning all documents and collateral being shipped

• Monitoring: Intake of incoming Notes; input into the system; inventory; process request to ship the Notes. Weekly reporting and status updates for Wet Notes (original note not yet received by the Bank)

• Adhere to policies and procedures to ensure accuracy, compliance, and fraud prevention

Qualifications

• High School diploma or equivalent

• Prior experience in an office or operations environment which services and supports a banking line of business

• Highly organized with a keen attention to detail and accuracy

• Ability to complete a high volume of tasks with a sense of urgency and within assigned service levels

• Strong written and oral communication skills

• Proficient in Microsoft Office

Benefits

Medical Insurance • Dental • Vision • Life insurance • Accidental death and dismemberment • Short-term and long-term Disability Insurance • Parental Leave • Employee Assistance Program (EAP) • Traditional and Roth 401(k) with company match • Flexible Spending Account (FSA) • Employee Stock Purchase Plan at 5% discount • Critical Illness Insurance • Accident Insurance • Transportation and Commuting Benefits • Banking Benefits • Pet Insurance

Compensation

The estimated pay range for this role is $20.19 - $26.44 per hour, along with eligibility to earn an annual bonus. Actual salaries may vary based on several factors, such as a candidate’s qualifications, skills and experience.

#LI-AC1

From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life.  To build a company that reflects the communities we serve, we believe that fostering a unique and inclusive workplace where everyone feels valued and empowered to succeed will support our ongoing success.  Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, disability, veteran status, genetic information, and other legally protected categories.

About Us

Wintrust provides community and commercial banking, specialty finance and wealth management services, delivering the sophisticated solutions of a large bank through a relationship-focused approach built from our community banking roots.

Wintrust may collect personal information from you in connection with the application process. Wintrust complies with the California Consumer Privacy Act of 2018, and its policy may be found here

Click here for Equal Opportunities.