LexingtonRecruiter Since 2001
the smart solution for Lexington jobs

Mortgage Servicing Reconciliation Admin

Company: FirstBank
Location: Lexington
Posted on: May 26, 2023

Job Description:

This position is remote eligible, but candidates must reside in our business footprint. Those states include: TN, GA, AL or KY.
Summary: Essential Duties and Responsibilities:

  • Oversight of all functions necessary to comply with all investor reporting requirements
  • Work with internal accounting daily and monthly general ledger and DDA reconciliations for Mortgage Servicing transactions and for bank and investors
  • Balance purchase advise daily between company and investor
  • Track and validate Investor and Cash Services in the collection and disbursement of all boarded and service release related cash.
  • Monitor outstanding disbursement checks
  • Daily and Monthly Reconciliation of Sub-servicer Borrower Cash Receipts and Disbursements Reports to validate alignment with Investor and Lender Remittances.
  • Initiate/monitor outgoing wires for various servicing functions
  • Research and resolve complex balancing and reporting discrepancies
  • Stay abreast of loan servicing platform functionality and interrelationship accounting
  • Assist in training of servicing staff in accounting related items/issues
  • Assist in other servicing functions as needed QualificationsEducation and/or Experience - - - - - - - - - - - - - - - - - -
    • College degree preferred but not required
    • Minimum of 5 years in mortgage with a focus on loan servicing
    • Minimum of 5 years in accounting with a focus on loan servicing
    • Minimum of 5 years supervisor or management
    • Working experience with Microsoft Office including Excel, Work and Outlook
    • Thorough knowledge of the secondary market and regulatory guidelines
    • High level knowledge of National Servicing Standard including agency specific (FNMA, FHLMC, GNMA) and loan type specific (VA, USDA, FHA, Conventional) servicing standards
    • Experience with Black Knight, Sagent or other servicing system required
    • Experience with Encompass preferred
    • Experience with Loan Vision preferred

Keywords: FirstBank, Lexington , Mortgage Servicing Reconciliation Admin, Administration, Clerical , Lexington, Kentucky

Click here to apply!

Didn't find what you're looking for? Search again!

I'm looking for
in category

Log In or Create An Account

Get the latest Kentucky jobs by following @recnetKY on Twitter!

Lexington RSS job feeds