Residential Loan Servicer

Responsibilities

• Performs a variety of administrative duties pertaining to the servicing of Residential and Consumer loans.
• Ensures the accurate set up of all new residential, Freddie Mac, and consumer loans on the core system.
• Reviews loan notes for accuracy and compliance with rate and general lending policy and guidelines.
• Reviews and monitors new loans on Loan Registers ensuring accuracy and making corrections as needed.
• Tracks and performs necessary maintenance on HELOC loans going into repayment.
• Sets up investor trailers on the core system and funds GSE loans.
• Balances funds received from investors for all purchased loans.
• Prepares and submits monthly loan reports to investors and Solar loans.
• SUBMITS REQUESTS FOR INTEREST SUBSIDIES AND RECONCILES FUNDS RECEIVED.
• Manages the MERS system to assure that all new and paid off loans are being assigned/deleted as required.
• Prepares the monthly reconciliation on MERS.
• Manages the PMI process from registration, monthly remittance, monitoring and cancellation.
• Processes general ledger entries on a monthly basis for all Purchased Loan payments received via wire.
• Reviews various general ledger accounts, researches, and clears outstanding entries.
• Manages the payment of several vendor invoices as assigned.
• Affords assistance in processing all index changes on the core system on either a daily, weekly or monthly basis.
• Prepares Loan Servicing reports for the Executive Committee, as well as month end and quarter end reports.

Qualifications

• 3-5 years of loan servicing experience.
• 3 years customer service experience.