US Mortgage Loan Service / Investor Accounting Experience :
Daily and monthly Principal & Interest, Taxes & Insurance custodial account reconciliations. Research and resolve all variances.
Knowledge of Cashflow, Clearing Accounts, P&I Cashbook and T&I Custodial accounts reconciliation of PLS, FNMA, GNMA, FHLMC Investors.
Strong knowledge and proficiency with investor accounting principles and concepts, including debits and credits, cash flow requirements, bank reconciliations, Escrow / non Escrow accounts.
Extraction of daily bank activities, creation of back up files, Prepping the recon to balance it and research any outages for missing data files, missing back up files.
Ensure data accuracy between banking information and servicing records.
Validation of classification of transaction as remittances, wires, advances per transaction description and verify backup in servicing system.
Verify all bank activity with servicing records and mapping of all collections with remittances made to the Investor.
Verify the current month outages and update the suitable clearing action to clear the outage from the recon.
Verify the bank activity with the servicing system at loan level and any discrepancies in the transactions are validated with backup in servicing system
Roll forward previous months recon and set off the reconciling items and then analyze/ research the open items and update the notes on these reconciliations.
To work on age review file and preparation of wire back up file to ensure accurate movement of funds.
Verify funds owed and available for investor principal and interest remittances, and advance funds when necessary.
Ensure all cash adjustments are researched and cleared by required deadlines.
Ensure daily and monthly activity is completed timely and accurately, and that each accounting cycle cutoff is completed by the required deadline.
Respond to routine investor inquiries and audits, escalating if necessary.
Analyze and report impact of reported data on borrowers, investors, and the company.
Recover servicing advances to ensure minimal aging.
Job Types: Full-time, Permanent
Pay: ?200,000.00 - ?800,000.00 per year
Work Location: In person
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