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The #1 thing on everyone's mind right now: 'Where can I find a fresh start?'. NOTE: This position is a career-fast-track opportunity. Whoever fills this role is expected to be promoted quickly.
Job Responsibility
Ensure compliance with all applicable federal and state servicing regulations related to payoff processing, lien releases, mortgage satisfactions, reconveyances, ARM notifications, loan modifications, and borrower communications
Ensure payoff statements are generated accurately and within required regulatory, client, investor, and company service level standards
Ensure timely preparation, execution, recording, and delivery of mortgage satisfactions, reconveyances, lien releases, and related collateral release documents. Monitor state-specific recording requirements and ensure compliance with statutory timelines
Ensure compliance with investor, insurer, agency, and client servicing requirements applicable to assigned servicing portfolios
Interpret and implement client-specific servicing requirements and operational procedures
Coordinate and support internal audits, external audits, client reviews, regulatory examinations, and quality control initiatives
Manage relationships with recording vendors, title companies, document custodians, and other third-party providers to ensure service quality and compliance
Establish quality control procedures to ensure payoff calculations, fee assessments, escrow balances, and payoff instructions are accurate and compliant with applicable requirements
Oversee payoff suspense account management and reconciliation processes to ensure accurate and timely application of payoff funds
Oversee the processing and quality review of loan modifications, subordinations, assumptions, recasts, and other special loan transactions
Utilize servicing system reporting and operational analytics to monitor productivity, service levels, exception trends, quality metrics, and risk indicators
Monitors the Residency Verification/Borrower Affidavits process
Monitor UCC filing and/or Renewal Maintenance
Requirements
5+ years broad Mortgage Servicing experience with specific expertise in Mortgage Payoff and Collateral satisfaction experience
Exposure to ARM administration would be ideal
Leadership – They will be hiring 4 people immediately that this position will manage
Process improvement
Increase use of technology and process efficiency
Collaboration with other teams in the company
Experience with MSP, Black Knight Mortgage servicing system