Investor Remittance & Reporting Analyst (Temporary Position)

Oriental Bank

About The Position

Responsible for reporting, remitting, and reconciling mortgage servicing portfolios for government-sponsored entities such as Ginnie Mae, Freddie Mac, and Fannie Mae. The role also analyzes and processes mortgage loan system maintenance for modifications and repurchases, and processes whole-loan sales or the creation and sale of mortgage-backed securities. The analyst reconciles mortgage collateral to securities and reviews cash positions, corporate advances, and reimbursements. The role covers remittance and reporting for Ginnie Mae, Freddie Mac, Fannie Mae, and other private investor portfolios, including portfolios for own servicing, subservicing, and service by others. Duties also include mortgage loan system maintenance for various transactions and preparing Workday journal entries and mass maintenance for DDA adjustments or fund transfers. Employees are expected to maintain knowledge of Bank Secrecy Act regulations and applicable regulatory, security, and bank policies and procedures. The position requires legally authorized and ongoing work authorization in the United States. The job description notes that duties may change and that it does not constitute an employment contract.

Requirements

At least two years of banking or mortgage experience related to investor accounting or servicing, or relevant experience as an accountant or analyst in a financial institution.
Education and experience requirements may be met through an equivalent combination of education, training, and experience that provides the required knowledge, skills, and abilities.
Strong proficiency with Microsoft Office Excel and ability to use the bank’s programs.
Strong analytical skills and excellent analytical and mathematical skills.
Advanced skills using Word, Excel, PowerPoint, Outlook, internet tools, and other investor applications.
Good oral and written communication skills in Spanish and English.
Legally authorized to work in the United States, with permanent or ongoing work authorization.

Nice To Haves

Experience with mortgage servicing software such as Horizon, IBS, Cold Plus, or VContent.

Responsibilities

Reconcile mortgage collateral to securities and review reports including Test of Expected P&I, Trial Balance, 11710D, and Disbursement Report.
Review cash positions and corporate advances and reimbursements for Ginnie Mae MBS S/S remittance portfolios.
Monitor cash movement in custodial DDA accounts and prepare analyses to assist with account reconciliation.
Prepare daily activity reports, reconcile and resolve daily edit reports, and review draft reports, cash positions, and corporate advances and reimbursements for Freddie Mac S/A remittance.
Prepare and reconcile daily reports, resolve rejects, and remit funds through the Fannie Mae Cash Remittance System (CRS).
Review cash positions and corporate advances and reimbursements for Fannie Mae MBS pools and remittance portfolios.
Reconcile monthly cutoff reports and trial balances.
Report monthly activity to investors by email or through the investor’s official website.
Remit funds to other private investors by wire.
Perform mortgage loan system maintenance for repurchases, loan sales, modifications, third-party sales, REO, deeds in lieu, short sales, and short payoffs in ML Horizon and IBS.
Prepare Workday journal entries and perform mass maintenance for DDA adjustments or fund transfers.
Maintain knowledge of Bank Secrecy Act regulations and other regulatory, security, and bank policies and procedures.
Perform quality work within deadlines, work independently or as part of a team, interact professionally with employees, customers, and suppliers, and coordinate work with other employees and organizations.