Sr. Default Associate - Invoice and Corporate Advance

Valon Mortgage

9d

About The Position

As a Sr. Default Associate within the broader Default Administration team, you will be responsible for processes and procedures related to claims, invoice management, and corporate advances. We’re looking for a self-starter with strong project management skills to assist with and advise on the implementation of processes for reconciliation and recovery that comply with contractual obligations, Valon policies, and regulatory guidelines. In this highly cross-functional role, you will also work with internal and external stakeholders to ensure reporting requirements and deadlines are met.

Requirements

• 5+ years of experience in Invoice management, Corporate Advance Management, or Default Accounting
• Experience developing and managing complex processes with multiple stakeholders
• Excellent written and verbal communication skills
• Experience working cross-functionally with Product and Engineering teams
• Strong Excel or Google Sheets experience, including V-lookup
• Minimum education requirement: High school diploma or GED equivalent required

Responsibilities

• Process and manage all vendor invoices and payments for all areas of delinquency and default while adhering to company policies and procedures.
• Verify the accuracy of invoices and confirm that all expenses adhere to Investors, Insurers, and Agency guidelines/allowable expense schedules (Freddie Mac, FNMA, FHA, VA, RHS, etc.), and are mapped and paid to the appropriate expense code and account.
• Record all financial transactions, including verifying, classifying, and recording invoice data.
• Assist internal departments and 3rd party vendors to resolve outstanding invoices, invoice discrepancies, and payment issues.
• Issuing, tracking,g and monitoring billbacks to vendors for over allowable expenses
• Oversee offshore vendor- monitoring, tracking their work, and ensuring accurate and timely completion, including issuing vendor scorecards
• Review and reconcile prior servicer's corporate advance data files and ensure all transactions are mapped to the correct loans and accounts, and there are invoices/backup to support all prior servicer corporate advances
• Reconcile onboarded corporate advances with data files and work with the onboarding team and system engineers to resolve any discrepancies.
• Work with the onboarding team and offshore staff to ensure all invoices and backup documents are received from prior servicers.
• Review and reconcile corporate advance data for offboarding loans and provide an accurate list of all corporate advances to the offboarding team.
• Work closely with Product and Engineering on system requirements to automate and manage processes related to corporate advance, invoice management
• Work collaboratively to coordinate with internal and external business partners
• Work with prior servicers and internal departments to map corporate advances to the system of record for all acquisitions
• Facilitate and respond to all audit requests/findings and client requests relative to invoices and corporate advances
• Provide monthly MBR report and trending report
• Escalate all problems and compliance issues in a timely manner

Benefits

• Compensation: competitive salary and 401 (k) plan
• Health & well-being: we’ll invest in your physical and mental well-being with comprehensive medical, dental, & vision benefits
• Food & meals: in-office snacks and drinks, and Bagel Fridays
• Commuter benefits: We offer pre-tax deductions for public transportation, rideshare services, and parking expenses to make your commute more affordable and convenient.
• Grow together: Company-wide orientation for you to successfully onboard and other learning & development opportunities, including regular review cycles that feature 360-degree feedback
• Generous time off: 17 days paid time off, sick days, and 11 company holidays
• Baby bonding time!: 12 weeks off for both birthing and non-birthing parents - fully paid, so you can focus your energy on your newest addition

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED