Servicing Advance Senior Analyst

• RESPONSIBILITIES:

  •            Ensure Corporate and T&I Advances are calculated correctly and are processed timely through the subservicing invoice, (as well as ensuring they align with the appropriate subservicing agreements)

  •            Complete detailed review of reconciliation of corporate, escrow, and third party advances (daily, monthly, as needed)

  •            Participate in projects related to automation of advance data received from sub servicers.

  •            Document/maintain desktop procedures for all job duties.

  •            General Accounting Tasks

  •            Record Advance Accrual entry monthly

  •            Record Acquisition Advances for new deals monthly

  •            Reconcile Final Acquisition Advance deals to boarded amounts (daily/as needed)

  •            Track partial claims payable to sellers upon receipt of cash

  •            Work with transaction management/seller claims to clear items due to Sellers/Subservicers.

  •            Accounting Reconciliation Tasks

  •            Prepare account reconciliations for Boarded Not Disbursed, Service Release Transfers, Escrow, Corporate and Third Party Advance

   

  REQUIREMENTS:

  •            Bachelor’s Degree in Finance/Accounting preferred or 5 years’ mortgage-related accounting experience.

  •            Previous experience in an analytical environment.

  •            Proficiency in accounting for servicing transfers between subservicers and other third parties, including loan level advance review.

  •            Knowledge of current agency guidelines for servicing advance recoverability on all loan types.

  •            Intermediate/Advanced proficiency with MS Excel, MS SQL

  •            Strong sense of urgency with solving problems, meeting challenging deadlines and achieving critical goals

  •            Strong interpersonal skills

  •            The ability to work well in a collaborative team environment.

  •            Able to effectively and professionally communicate to others verbally and in writing.