Sr. Servicing Loan Boarding Analyst

Western Alliance Bank•Westlake Village, CA

10d•$36 - $48

About The Position

As a Servicing Loan Boarding Analyst, you’ll be responsible for managing the day-to-day activities of loan boardings, including, and not limited to, facilitating the flow of data between AmeriHome’s correspondent sellers, retail originations, and the subservicing vendor. Ensure timely boarding of loans purchased and funded daily. Cure boarding exception within the daily boarding file. Work with operations, business intelligence and sub-servicer to resolve data discrepancies. Validate that data mapping to sub-servicer’s system matches data to AmeriHome’s system of record and loan documents. Facilitate accuracy of daily wires. Transfer of escrow funds to sub-servicers within compliance guidelines. Section 404 letter generation and monitoring. Must understand Section 404 requirements. Verify and report discrepancies on Ginnie Mae monthly reports. Collect and analyze data to detect data discrepancies, and non-compliance with GNMA regulations. Submit correction and monitor for compliance and completion. Report on findings and trends for management. Monitor and validate sub-servicer’s loan delivery to an investor agency. Investigate, reconcile, and provide timely resolution to all issues and exceptions. Communicate effectively with Sub-Servicing group. Report on findings and trends for management. Coordinate delivery to sub servicers of loan image files. Ensure updates to HUD Holder IDs. Monitor sellers for timely and accurate RESPA “goodbye” letters. Tax and Insurance research and correction. Property Tax including and not limited to; knowledge of legal descriptions, plat maps/parcels, understanding ELD dates. Homeowners Insurance, understanding of coverage requirements. Develop creative problem-solving techniques to reduce issues. Prepare management reports reflecting any potential exposure. Track and identify areas of improvement. Various on-going research projects related to agency issues, seller issues, loan level discrepancies, and MI issues. Research, verify and submit Post Purchase Corrections. Work closely with internal departments to identify, research, and validate Post Purchase corrections. Report findings and trends for management. Create and update policies and procedures. Monitor and resolve FHA MIP delinquency issues. Continuously seek process improvement, including streamlining and automating of manual processes. Respond timely to customers (internal and external), sellers, and sub-servicer requests via email and telephone, assisting in research when appropriate. Perform other duties as assigned by Servicing Management.

Requirements

5+ years of related experience
High school diploma required
Intermediate to advanced knowledge of residential mortgage industry in Correspondent or Retail Lending, including sales, operations, capital markets and/or other residential mortgage products and services
Intermediate to advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices
Intermediate to advanced knowledge of loan servicing
Advanced experience with Microsoft Word and Excel
Advanced speaking and writing communication skills

Nice To Haves

In-depth knowledge of applicable servicing function preferred
Must understand Section 404 requirements
Property Tax including and not limited to; knowledge of legal descriptions, plat maps/parcels, understanding ELD dates
Homeowners Insurance, understanding of coverage requirements

Responsibilities

managing the day-to-day activities of loan boardings
facilitating the flow of data between AmeriHome’s correspondent sellers, retail originations, and the subservicing vendor
Ensure timely boarding of loans purchased and funded daily
Cure boarding exception within the daily boarding file
Work with operations, business intelligence and sub-servicer to resolve data discrepancies
Validate that data mapping to sub-servicer’s system matches data to AmeriHome’s system of record and loan documents
Facilitate accuracy of daily wires
Transfer of escrow funds to sub-servicers within compliance guidelines
Section 404 letter generation and monitoring
Verify and report discrepancies on Ginnie Mae monthly reports
Collect and analyze data to detect data discrepancies, and non-compliance with GNMA regulations
Submit correction and monitor for compliance and completion
Report on findings and trends for management
Monitor and validate sub-servicer’s loan delivery to an investor agency
Investigate, reconcile, and provide timely resolution to all issues and exceptions
Communicate effectively with Sub-Servicing group
Coordinate delivery to sub servicers of loan image files
Ensure updates to HUD Holder IDs
Monitor sellers for timely and accurate RESPA “goodbye” letters
Tax and Insurance research and correction
Develop creative problem-solving techniques to reduce issues
Prepare management reports reflecting any potential exposure
Track and identify areas of improvement
Various on-going research projects related to agency issues, seller issues, loan level discrepancies, and MI issues
Research, verify and submit Post Purchase Corrections
Work closely with internal departments to identify, research, and validate Post Purchase corrections
Create and update policies and procedures
Monitor and resolve FHA MIP delinquency issues
Continuously seek process improvement, including streamlining and automating of manual processes
Respond timely to customers (internal and external), sellers, and sub-servicer requests via email and telephone, assisting in research when appropriate
Perform other duties as assigned by Servicing Management