Sr. Residential Loan Servicer

Sr. Residential Loan Servicer

Cambridge MA - Onsite

$30-$40/hr — Perm but hourly rate so over time is paid

Responsibilities

• Under the general direction of the Assistant Manager-Loan Servicing, performs a variety of administrative duties pertaining to the servicing of Residential and Consumer loans
• Responsible for ensuring 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
• Responsible for the payment of several vendor invoices as assigned
• Assists in processing all index changes on the core system on either a daily, weekly or monthly basis
• Responsible for preparing 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

If interested, please reach out to jalercio@kbwfinancial.com

KBW789