· Assist the Accounting Department.
· Conduct the Annual Internal Audit completed on time 90 days after the close of the fiscal year.
· Assist the Investor Accounting-Reporting Senior Officer in other related functions.
· Performs the mortgage accounting function to include: ensure prompt and accurate daily, weekly, monthly and cyclical posting and balancing of payments, debits and credits to the general ledger, monthly bank reconciliations.
· Prepare bank reconciliations FNMA P&I, FNMA T&I, EMI P&I, EMI T&I, PENN P&I, SINVESTOR P&I, SINVESTOR T&I, SWMC P&I, SWMC T&I, FNMA Portfolio
· IVR Payments
· Prepare on a daily basis the bank deposits and daily transfer process to custodial accounts.
· Request, balance and register P&I advance as required by investor.
· Request, balance and register T&I advance as required by investors.
· Generate the daily closing process at Servicing Director, including but not limited to generate daily reports to all EMI officers.
· Generate and transmit the ACH files from servicing director to Citi system.
-Schedule Payments (Part A & B)
-WEB Payments (Part A & B)
-ACH Draft (1,5,10,13,15)
· FNMA daily Lar Report
· FNMA medium cut off report on 21st every month
· Prepare, download, save and backup the investors reports as required by the investor agreements and generated by the servicing system.
· Prepare and balance investor remittance reports and payments as per agreement on private investors.
· Download, save and backup investors reports from servicing system (servicing director) other than FNMA.
. Process and execute loan sales and deliveries as required by secondary market. Including but not limited to GNMA pools sales, FNMA sales, private investors sales (by sales schedules)
· Execute and process “Void” and “Re-Deposit” of servicing checks at servicing director.
· Generate and calculate guaranty fees for all required investors.
· Execute and process maintenances at servicing system (financial fields)
· Ensure Compliance with the Human Resources Department guidelines and quality standards of EMI Equity Mortgage.
· Ensure compliance with the policies and procedures of Equity Mortgage.
· Ensure the compliance of federal and state laws and regulations applicable to servicing.
· Ensure that investors queries and complaints are resolved within a reasonable timeframe.
· Perform other mortgage accounting activities as needed.
· Any other task related to the position as needed.
· The functions may change from time to time with portfolio increase.
Job Type: Full-time
Benefits:
- 401(k)
- 401(k) matching
- Health insurance
- Life insurance
- Paid time off
Physical setting:
Schedule:
- 8 hour shift
- Monday to Friday
- Overtime
Application Question(s):
- BA in accounting or equivalent
- Minimum of two years of experience in mortgage accounting
- Knowledge of procedures and regulations of the mortgage industry
- Good Communication skills, verbal and written in English and Spanish
Work Location: In person