Job Location : New York,NY, USA
Position Title: Mortgage Loan Processor
Work Type: Remote
Office Location: 51 Madison Avenue, Manhattan, NY 10010
Duration: Initial 6-month contract with the possibility of extension with the right candidate
Working Hours: Standard office hours (9 AM – 5 PM)
Responsibilities:
Perform accounting for mortgage loan investments and service a portfolio of loans, including recording a variety of journal entries (i.e. acquisitions, dispositions, collections, disbursements, adjustments, etc). Various ad-hoc loan tasks/inquiries (i.e. billing, escrow analysis, escrow payments, payment history, adjustable-rate settings, etc) will be addressed in this role for internal and external clients. Role is part an overall team responsible for maintaining a well- controlled environment and following procedures are key. Role will support financial and investment reporting, including STAT and TAX reporting and will participate in projects as required. Technical, problem solving, high communication skills and ability to multi-task are key skills to maximize effectiveness in this position.
Servicing, Financial Reporting and Accounting:
Service a portfolio of loans. This includes tasks such as - communication with borrowers/servicers/colleagues, processing transactions, researching payments, preparing/reviewing escrow analysis, full payment statements, amortization schedules and loan payment histories
Execute assignments according to company/department's procedures, controls and systems and incorporate decision making in his/her work related to operational requests
Prepare, gather, analyze, build, organize and/or review reporting for various requests and/or inquiries
Prepare reporting assignments and ensure that workpaper referencing support is clearly documented
Assist with special projects/research work
Technical Skills:
Learn existing reporting sources and develop/improve reporting
Prepare test plans and assist with planning and testing new systems, new system releases and/or reporting enhancements, as needed
Expect candidate to contribute feedback and work through improvement opportunities (i.e. using systems differently to improve efficiency, enhanced reports, etc), including researching, developing and implementing procedures
Provide ad-hoc reporting as needed
Knowledge and Skills:
A Bachelor's Degree concentrated in accounting, business and/or computer science is preferred, but will consider other degrees
3+ years of experience in loan servicing of commercial mortgage Loans, construction loans a plus
Knowledge of SS&C's Precision LM system
High level of proficiency in Excel
Knowledge of Qlik Sense, Business Objects, Crystal Report Writer and Microsoft SQL Server technology to create SQL Queries a plus
Individual must maintain high organizational skills, effective communication skills and be a team player
Ideal candidate is self-starter, can work independently, possess good listening skills and willing to learn
Accountable for all work contributions and provides informal guidance to others (i.e. status of system issues, etc) to team members as necessary
Problem solving skills; expect candidate to solve problems by analyzing and providing possible solutions using education, experience, judgment and precedents
Interview Process: Two Rounds
Initial Screening: Hiring manager (One-on-One via Video)
Possible 2nd round interview: Fellow manager (Video or In-Person preferred)