Overview
The Investor Reporting Accountant is responsible for analyzing and validating all investor-related cash flows from sub-servicers to each of the agency investors, as well as cash flows related to the EBO and warehouse portfolios. This role ensures that sub-servicers are servicing loans in accordance with FHA, VA, USDA, Fannie Mae, Freddie Mac, GNMA guidelines, and company policies. The position requires close collaboration with the Transaction Management Team, sub-servicers, and sellers to ensure principal & interest, escrow, and corporate balances are settled and loaded timely to the servicing platform and the appropriate corporate general ledgers. This is a fully remote position.
Responsibilities
- Ensure sub-servicing reporting to agencies and the organization is timely and accurate
- Review monthly bank statements from sub-servicers, ensuring timely completion and no items aging greater than 90 days
- Track resolution of investor edits received from each agency
- Work with sub-servicers to resolve and fund all shortage and surplus items promptly
- Track, report, and forecast monthly servicing advances to senior management
- Assist with posting and disbursement to the general ledger
- Balance all servicing acquisition cash flows between the organization, sellers, and sub-servicers
- Ensure balances are loaded on the appropriate servicing platforms and reconcile to wires and general ledgers
- Analyze sub-servicer cash flows, identify control gaps or risk areas, and develop agreed-upon action plans
- Conduct monthly loan-level investor reviews to ensure compliance with applicable agency, state, investor, and regulatory rules and regulations
- Provide monthly on-site support to sub-servicers as needed
- Assist sub-servicers and provide subject matter guidance to business units on agency, investor, or policy changes
- Perform other duties as assigned
Qualifications
- Bachelor’s degree in accounting or finance required; additional years of experience may substitute for degree
- Minimum 2 years of experience in mortgage servicing
- Minimum 1 year of experience in investor accounting
- Recent college graduates are encouraged to apply
- Knowledge of MSP preferred but not required
- Proficient in Microsoft Office Suite (Excel, PowerPoint, Word, Access)
- Working knowledge of mortgage loan servicing operations
- Understanding of investor/insurer guidelines and timeframes for default actions
- Experience with loss mitigation and loan workout processes
- Detail-oriented, efficient, and highly organized
- Strong written and verbal communication skills
- Knowledge of investor, counter-party, seller, and sub-servicer guides and contracts
Physical Demands and Work Environment
- Regularly required to sit and use hands to handle, touch, or feel objects, tools, or controls
- Frequently required to talk and hear
- Noise level is usually moderate
- Occasionally required to stand, walk, and reach with hands and arms
- Rarely required to stoop, kneel, crouch, or crawl
- Must regularly lift and/or move up to 10 pounds
- Specific vision abilities required include close vision, color vision, and ability to adjust focus
Equal Employment Opportunity
The employer is an Equal Employment Opportunity employer. All employment decisions are based on merit, competence, and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.