Mortgage Loan Processor

4 days ago


New York, New York, United States eTeam Full time $60,000 - $90,000 per year

**
• Position Title : Mortgage Loan Processor


• Location : 51 Madison Avenue, Manhattan, NY 10010


• Full time Remote : Please submit candidates in the NY and NJ area, who are able to come into the home office if requested. Will have first preference.


• Duration : Initial 6-month contract with the possibility of extension with the right candidate


• Working Hours : Standard office hours (9 AM – 5 PM)**
Primary responsibilities include working within established procedures and controls with a moderate degree of supervision. The individual must be able to work in a high-volume department with time sensitive transactions that require review, research and communication on a timely basis. Meet individual performance expectations and operate in a team environment to contribute to the company and team goals. May be responsible for the accurate, efficient data entry, electronic updating and processing of a multitude of basic and advanced transactions (check deposits, EFTs, journals, wires, establishing Job Posting Overview

MUST HAVE:
Looking for someone to come in and start working with minimal training required.

Precision LM (PLM),

Experience in the insurance industry/companies (mortgage investments)

More on the operational side after the loan is on the company's books

Writing queries using SQL and familiarity with other technologies is a plus (crystal reports, technologies and report writing, QLIK)

Help with reporting for the team.

Ability to multitask/pivot quickly from task to task (35% routine, 65% handling non routine requests).

DEALBREAKER:
Must have used these software's in the past 3-5 years. Not looking for someone who has experience with the above 5+ years ago and would need a refresh.

Description:
Client Real Estate Investors ("Client REI") is the real estate investment management division of Client Investments. Client REI manages a portfolio in excess of *** Billion which includes real estate debt, real estate equities and real estate securities. The debt portfolio is secured by commercial real estate properties across North America for client general and separate accounts.

Responsibilities: Perform accounting for mortgage loan investments and service a portfolio of loans, including recording a variety of journal entries (i.e. acquisitions, dispositions, collections, disbursements, adjustments, etc). Various ad-hoc loan tasks/inquiries (i.e. billing, escrow analysis, escrow payments, payment history, adjustable-rate settings*** etc) will be addressed in this role for internal and external clients. Role is part an overall team responsible for maintaining a well- controlled environment and following procedures are key. Role will support financial and investment reporting, including STAT and TAX reporting and will participate in projects as required. Technical, problem solving, high communication skills and ability to multi-task are key skills to maximize effectiveness in this position.

Servicing, Financial Reporting and Accounting:

• Service a portfolio of loans. This includes tasks such as - communication with borrowers/servicers/colleagues, processing transactions, researching payments, preparing/reviewing escrow analysis, full payment statements, amortization schedules and loan payment histories


• Execute assignments according to company/department's procedures, controls and systems and incorporate decision making in his/her work related to operational requests


• Prepare, gather, analyze, build, organize and/or review reporting for various requests and/or inquiries


• Prepare reporting assignments and ensure that workpaper referencing support is clearly documented


• Assist with special projects/research work

Technical Skills:

• Learn existing reporting sources and develop/improve reporting


• Prepare test plans and assist with planning and testing new systems, new system releases and/or reporting enhancements, as needed


• Expect candidate to contribute feedback and work through improvement opportunities (i.e. using systems differently to improve efficiency, enhanced reports, etc), including researching, developing and implementing procedures


• Provide ad-hoc reporting as needed

Knowledge and Skills:

• A Bachelor's Degree concentrated in accounting, business and/or computer science is preferred, but will consider other degrees


• 3+ years of experience in loan servicing of commercial mortgage Loans, construction loans a plus


• Knowledge of SS&C's Precision LM system


• High level of proficiency in Excel


• Knowledge of Qlik Sense, Business Objects, Crystal Report Writer and Microsoft SQL Server technology to create SQL Queries a plus


• Individual must maintain high organizational skills, effective communication skills and be a team player


• Ideal candidate is self-starter, can work independently, possess good listening skills and willing to learn


• Accountable for all work contributions and provides informal guidance to others (i.e. status of system issues, etc) to team members as necessary


• Problem solving skills; expect candidate to solve problems by analyzing and providing possible solutions using education, experience, judgment and precedents________________________________________

Interview Process: Two Rounds
1. Initial Screening: Hiring manager (One-on-One via Video)

  1. Possible 2nd round interview: Fellow manager (Video or In-Person preferred)


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