Loan Administration Specialist

Job Description

LOAN ADMINISTRATION SPECIALIST , MIT Federal Credit Union (MITFCU), to service nationwide real estate and consumer loans.

• Responsibilities include end-of-day reporting; maintaining mortgage pipeline; post-closing quality assurance; reviewing and uploading closing packages to MSS;
• monitoring and filing original trailing documents; ensuring loans are transferred and assigned correctly; processing daily reports, exceptions, and balances in the MSS general ledger;
• processing, researching, and balancing daily investor remittances; performing daily / monthly reconciliation and repairing MERS and MSS discrepancies;
• performing MERS PIF deactivation; generating and analyzing new loans report; processing, reviewing, and delivering loan payoff statements and processing payoff wires / checks;
• generating PIF real estate loans report and monthly late fees and billing statements for mortgage loans; performing quality control checks on real estate tax disbursements;
• monitoring CoreLogic portfolio; monitoring and processing flood, homeowner’s, private mortgage insurance, and other escrow payments;
• assisting members with insurance claims; performing and reviewing annual escrow analysis; processing and researching PMI cancellation requests;

processing principal payments and producing re-amortization schedule; and performing a variety of related duties.

Job Requirements

• REQUIRED : high school diploma or its equivalent; one year of experience in the banking / credit union industry, preferably with loan servicing, lending, or credit union operations;
• experience with FISERV DNA system; knowledge of Mortgage Electronic Registration System (MERS) procedures, CFPB regulations, general loan servicing, and real estate loan servicing regulatory requirements;
• proficiency with MS Office (Word and Excel); excellent organizational, member service, and written and verbal communication skills;

ability to form long-term business relationships and handle multiple tasks with speed and accuracy; initiative; and attention to detail.

PREFERRED : knowledge of Fannie Mae, Freddie Mac, and FHLB investor delivery, servicing, and reporting; and Outlook experience.