Reporting Analyst

  • icrunchdata Network
  • Horsham, PA, USA
  • May 21, 2020
Information Technology (IT)

Job Description

The Sub-Servicing Default Analyst will be responsible for analyzing and validating the monthly sub-servicer invoice. Work closely with the Transaction Management Team, Sub-Servicers and Seller’s to ensure escrow and corporate balances are settled and loaded timely to the servicing platform and the appropriate corporate gl’s. Responsibility for recording losses and clearing balance sheets on government settled loans. Essential Duties and Responsibilities: Submit accrual entries for sub-servicer P/L Review the accrual true-up and provide detail for variance at item level Ensure balances are loaded on the appropriate servicing platforms and tie back to wires and the appropriate gl’s Analyze sub-servicer cash flows, identify control gaps or areas of risk and develop agreed-upon action plans Provide monthly on-site support to sub-servicers when needed Assist sub-servicer and/or provide subject matter guidance to the appropriate business units on any agency, investor or Lakeview policy or guide changes Review and record losses on government settled loans; ensure balance sheet accounts are cleared. Any usual losses are reviewed with sub-servicer, Lakeview Claim team, and/or Lakeview default oversight Other duties as assigned could include the following: Ensure sub-servicing reporting to the agencies and to Lakeview is timely and accurate Review monthly bank statements from the sub-servicers ensuring timely completion and no items aging greater than 90 days Track resolution of Investor edits received from each of the agencies Work with sub-servicers to ensure all shortage surplus items are resolved and funded timely Track, report and forecast monthly servicing advances to sr. management Assist with the posting and disbursement to the general ledger Skills/Knowledge Requirements: Working knowledge of mortgage loan servicing operations Working knowledge of investor/insurer guidelines and timeframes for default actions Working knowledge of loss mitigation/loan workout experience Efficient, detail-oriented, highly organized Strong written and communication skills Responsible for knowledge of investor/counter-party/seller/sub-servicer guides and contracts Education/Experience Requirements: Bachelor’s degree in accounting or finance required however additional years of experience may substitute for degree requirement 4 years of experience in mortgage servicing 2 years of experience in Investor Accounting Prefer MSP knowledge but not required Proficient in Microsoft Office Suite Excel, PowerPoint, Word, and Access Physical Demands and Work Environment: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to sit and use hands to finger, handle, or feel objects, tools, or controls. The employee frequently is required to talk and hear. The employee is occasionally required to stand; walk; reach with hands and arms. The employee is rarely required to stoop, kneel, crouch, or crawl. The employee must regularly lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, and the ability to adjust focus. The noise level in the work environment is usually moderate. EEOC Job Requirements:

Job ID

Bayview Asset Management