Specialist II, Consumer & Mortgage Servicing, South Bend, IN

1st Source•South Bend, IN

15d

About The Position

POSITION SUMMARY Responsible for ensuring investor accounting functions are completed. Reviewing both the HMDA data for Mortgages and reviewing the daily maintenance and exception report to ensure the bank has accurate loan information in core system. ESSENTIAL REQUIREMENTS Works with accounting staff to ensure accurate general ledger recording of appropriate transactions. Works with investor account vendor to ensure accurate reporting and ensure compliance with reporting for loans sold to secondary market. Responsible for helping review the Mortgage HMDA data for accuracy. Responsible for the review process for loan maintenance in both consumer and mortgage core systems. Responsible for managing the remittance to vendors (i.e., Community Homebuyers and Habitat for Humanity) for loans per guidelines. Responsible for managing the necessary transactions for reclassification, repurchase and foreclosure on the data processing system. Ensures timely and accurate remittance of funds to investors. Manages the reconciliation of bank statements and research differences. Responsible for ensuring that Guarantee fees are completed monthly for loans sold on secondary market. Reviews investor accounting requirements and procedures to ensure accuracy, compliance and efficient reporting and remitting. Prepares check requests for the Escrow account for stale dated or replacement checks per procedures. Responsible for managing the review and mailing of the monthly construction loan statements. Prepares and submits reports to investors per their guidelines; processes service release transactions when needed. Performs monthly review of various reports to ensure accuracy including financial and regulatory data. Performs necessary follow up and updates to ensure compliance. Review and research requests for management. Regular and predictable attendance is an essential requirement of the position. Responsible for the completion of all compliance training related to the position. Must understand all applicable laws and regulations that apply to the position and complies with the requirements. NON-ESSENTIAL FUNCTIONS Performs all other duties as assigned.

Requirements

One (1) to three (3) years of related experience preferred
Good PC skills--proficiency in Microsoft Word and Excel essential
Knowledge of Consumer and Mortgage loan documentation
Good communication and organizational skills
Ability to handle multiple tasks in a fast-paced environment
Detail oriented
Regular and predictable attendance is an essential requirement of the position
Ability to travel to all locations as well as ability to travel overnight, as needed for meetings, projects, seminars, etc.
The employee is required to sit, stand and walk; use hands and fingers to operate keyboard and other office equipment; reach with hands and arms; and talk or hear
The employee is occasionally required to stoop or kneel
The employee may occasionally lift and/or move up to 10 pounds
MS Office PC, fax, phone and standard office equipment

Nice To Haves

Bachelor’s Degree preferred

Responsibilities

Ensuring investor accounting functions are completed
Reviewing HMDA data for Mortgages
Reviewing the daily maintenance and exception report
Works with accounting staff to ensure accurate general ledger recording of appropriate transactions
Works with investor account vendor to ensure accurate reporting and ensure compliance with reporting for loans sold to secondary market
Helping review the Mortgage HMDA data for accuracy
Managing the remittance to vendors (i.e., Community Homebuyers and Habitat for Humanity) for loans per guidelines
Managing the necessary transactions for reclassification, repurchase and foreclosure on the data processing system
Ensuring timely and accurate remittance of funds to investors
Managing the reconciliation of bank statements and research differences
Ensuring that Guarantee fees are completed monthly for loans sold on secondary market
Reviews investor accounting requirements and procedures to ensure accuracy, compliance and efficient reporting and remitting
Prepares check requests for the Escrow account for stale dated or replacement checks per procedures
Managing the review and mailing of the monthly construction loan statements
Prepares and submits reports to investors per their guidelines; processes service release transactions when needed
Performs monthly review of various reports to ensure accuracy including financial and regulatory data
Performs necessary follow up and updates to ensure compliance
Review and research requests for management
Responsible for the completion of all compliance training related to the position
Must understand all applicable laws and regulations that apply to the position and complies with the requirements