CIB Residential Mortgage Finance, Associate

It Starts Here

Santander is a global leader and innovator in the financial services industry and is evolving from a high-impact brand into a technology-driven organization. Our people are at the heart of this journey and together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what’s possible. This is more than a strategic shift. It’s a chance for driven professionals to grow, learn, and make a real difference.
If you are interested in exploring the possibilities

We Want to Talk to You!

The Difference You Make

The

Residential Mortgage Finance Associate
will be a key member of the Residential Mortgage Finance team within the Securitized Products Group (SPG), supporting the origination, analysis, structuring, underwriting, and portfolio management of financing solutions for mortgage-related clients. The role will focus on residential mortgage finance activities, including residential mortgage loan financing, mortgage servicing rights financing, and related credit products.

The successful candidate will combine strong analytical capabilities with credit, collateral, and transaction execution experience, as well as an understanding of residential mortgage lending, mortgage company finance, and related risk considerations. Analyze residential mortgage collateral, loan tapes, review collateral eligibility, concentration limits, track performance triggers and monitor portfolio performance trends

Review underwriting guidelines of prospective clients to evaluate their various origination programs
Review client financial statements, liquidity, leverage, profitability, origination volumes, servicing portfolio performance, and operating metrics
Support underwriting, structuring, approval, and ongoing management of residential mortgage financing arrangements
Prepare internal credit memoranda, transaction summaries, client presentations, portfolio reviews, and approval materials
Assist with due diligence on mortgage originators, servicers, aggregators, and other residential mortgage finance clients
Evaluate residential mortgage loan performance, including delinquencies, prepayments, defaults, repurchases, early payment defaults, and servicing-related metrics
Monitor borrowing collateral, covenant compliance, margining, and facility utilization
Coordinate with internal teams, and the various lines of defense including Risk, Legal, Compliance, Operations, Treasury, Finance, and Audit
Coordinate with external stakeholders, including clients, legal counsel, document custodians, valuation providers, and third-party diligence firms
Review transaction documentation, including credit agreements, security agreements, custodial agreements
Monitor residential mortgage market trends, agency and non-agency lending developments, interest rate trends, origination volumes, servicing valuations, and regulatory developments
Provide analytical support for new business opportunities and existing client relationships

What You Bring

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

Bachelor’s degree preferably in Finance, Economics, Business, Accounting, Mathematics, Computer Science, or a related quantitative discipline
Advanced degree or relevant professional designation is additive

Qualifications

Minimum of 3 years of experience in residential mortgage finance, mortgage warehouse lending, specialty finance, commercial banking, structured lending, mortgage banking, credit underwriting, or related financial services disciplines
Experience evaluating mortgage lenders, servicers, aggregators, mortgage collateral, warehouse facilities, MSR financing, or servicing advance facilities preferred
Familiarity with residential mortgage origination, servicing, collateral eligibility, agency guidelines, non-agency mortgage products, and mortgage industry risk factors preferred
Strong attention to detail and problem-solving capabilities
Experience analyzing residential mortgage collateral, loan-level data, client financial statements, and borrowing base reporting
Understanding of residential mortgage lending, mortgage company finance, collateral valuation, warehouse lending mechanics, and secured credit facilities
Strong understanding of credit risk, liquidity risk, counterparty risk, collateral risk, and operational risk in residential mortgage finance
Strong financial modeling, credit analysis, and analytical skills
Proficiency with Excel and financial analysis tools
Familiarity with mortgage finance systems, loan tapes, custodial reporting, collateral reports, and mortgage data fields preferred
Excellent written, verbal, and presentation skills
Ability to manage multiple priorities and deadlines in a fast-paced environment
Self-motivated team player with the ability to work independently and collaboratively across functions
Certifications:
No Certifications listed for this job.

It Would Be Nice For You To Have

Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.

Work Authorization & Sponsorship

Applicants must be legally authorized to work in the United States on a full-time basis without requiring employer sponsorship to commence employment.

What Else You Need To Know

The base pay range for this position is posted below and represents the annualized salary range. For hourly positions (non-exempt), the annual range is based on a 40-hour work week. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.

Base Pay Range

Minimum:
$175,000.00 USD

Maximum

$225,000.00 USD

We Value Your Impact

Your contribution matters and it’s recognized. You can expect a fair and competitive rewards package that reflects the impact you create and the value you deliver. We know rewards go beyond numbers. Offering more than just a paycheck our benefits are designed to support you, your family and your well-being, now and into the future.

Santander Benefits - 2026 Santander OnGoing/NH eGuide (foleon.com)
Risk Culture:
We embrace a strong risk culture and all of our professionals at all levels are expected to take a proactive and responsible approach toward risk management.

EEO Statement

At Santander, we value and respect differences in our workforce. We actively encourage everyone to apply. Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.

Working Conditions

Frequent minimal physical effort such as sitting, standing and walking is required for this role. Depending on location, occasional moving and lifting light equipment and/or furniture may be required.

Employer Rights

This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate your employment at any time for any reason.

What

To Do Next

If this sounds like a role you
are
interested in, then please apply.
We are committed to providing an inclusive and accessible application process for all candidates. If you require any assistance or accommodation due to a disability or any other reason, please contact us
at

TAOps@santander.us
to discuss your needs.