Contract Servicer Balancing Analyst I (Contingent)

Rocket Mortgage•Highlands Ranch, CO

1d•Hybrid

About The Position

Under strict deadlines, this position is responsible for ensuring that reports and remittances from primary servicers are accurate and received within the timeframes established in the Servicing Agreement. Duties include completing complex research on issues relating to servicer advance recoveries, servicer transfers, reporting discrepancies and servicer inquiries. The Servicer Balancing Analyst plays an integral role in projects, interfacing with servicers, mentoring new balancers, and assisting other departments as needed. This is a hybrid position. Team members are required to work onsite in our Highlands Ranch, Colorado office at least five days per month. Applicants must reside within a commutable distance to the office.

Requirements

High school diploma or state accepted equivalency is required with equivalent experience.
Operates under close supervision.
Work is routine in nature with very little authority for decision making.
Demonstrated ability to work autonomously to perform required work assignments.
Decisions and actions have impact on success of team, department, business line and/or client.
Scope of work impacts team and business unit.
Routine customer interaction that requires strong ability to build and manage relationships.
Meets the requirements and expectations of the customer; acts with the customer in mind.
Possesses clear and professional verbal and written communication skills when used both internally and externally.
Effectively presents accurate information to varying audiences.
Proficiency with MS Office with particular emphasis on MS Word, Excel and PowerPoint.
Exposure to mortgage-specific software; accurate reporting with introduction to data analytics.

Nice To Haves

Bachelor's degree preferred
Typically does not require previous professional level work experience.
Mortgage and Financial Services experience a plus.
Effectively builds strong relationships with team and manager.

Responsibilities

Under strict deadlines and within established timeframes, reconcile complex reports received from primary servicers in accordance with Servicing Agreements and Departmental policy.
Act in the role of relationship manager to his/her counterparties for all reports assigned.
Complete research on difficult issues relating to servicer reporting, cash settlement issues, and servicer inquiries.
Research and correct servicing errors or discrepancies within established timeframes and ensure accurate information is sent to the trust and investors.
Point of contact for escalated servicer issues.
Direct servicers in accordance with servicing requirements and instruct servicers on the resolution of issues.
Act as liaison between the investor and the servicer to answer all investor’s questions relating to monthly reporting.
Subject matter expert on department policy and procedures assigned by manager.
Maintain and update policy and procedures based on latest industry requirements.
Ensure that all assigned primary servicers report and remit in accordance with timeframes established in the corresponding Servicing Agreements.
Ensure that cash receipts, servicer discrepancies and/or servicer billings are identified and cleared within established timeframes.
Prepare wires for distribution to servicers based on monthly reporting requirements.
Be active, reliable and visible part of your team and assist all members of the team to excel to the best of their ability.
Be a positive example to all team members.
General knowledge of multiple departments within Master Servicing.
May be assigned to assist other departments should the need arise.
May perform other related duties or ad hoc projects within the scope of responsibilities.