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Service Transfer Coordinator. Provides a wide range of support in the day-to-day workflow in conjunction with servicing transfers and MSR acquisitions. Participates in due diligence activities from deal initiation through execution. Gathers and creates auditable project documentation, including but not limited to due diligence activities, data mapping decisions and customer impact assessments. Maintains project schedules, task lists and reporting for loan acquisitions and servicing transfers. Ensures appropriate Agency forms, approvals and instructions are completed for new sub-servicing relationships. Maintains appropriate files by transfer or acquisition, which contain relevant information relating to the sale and transfer. Follows up with prior servicer for all needed loan information or documentation related to the servicing transfer. Works closely with internal servicing business units to ensure information needed from prior servicer is delivered timely and in a useful format and makes updates to the system of record as needed. Ensures complete deal onboarding by confirming receipt of electronic data, loan images and physical loan documents and other transaction settlement requirements. Reviews repurchase demands from the Agencies and works with counterparties to resolve repurchase demands. Manages outstanding claims due from counterparties. Manages service release repurchases and/or interim servicing. Follows functional area's processes and procedures in daily activities, troubleshoots as needed and recommends suggestions for continuous improvements to overall operations. Actively contributes to the results of a team and works toward achieving goals and objectives.
Job Responsibility:
Provides a wide range of support in the day-to-day workflow in conjunction with servicing transfers and MSR acquisitions
Participates in due diligence activities from deal initiation through execution
Gathers and creates auditable project documentation, including but not limited to due diligence activities, data mapping decisions and customer impact assessments
Maintains project schedules, task lists and reporting for loan acquisitions and servicing transfers
Ensures appropriate Agency forms, approvals and instructions are completed for new sub-servicing relationships
Maintains appropriate files by transfer or acquisition, which contain relevant information relating to the sale and transfer
Follows up with prior servicer for all needed loan information or documentation related to the servicing transfer
Works closely with internal servicing business units to ensure information needed from prior servicer is delivered timely and in a useful format and makes updates to the system of record as needed
Ensures complete deal onboarding by confirming receipt of electronic data, loan images and physical loan documents and other transaction settlement requirements
Reviews repurchase demands from the Agencies and works with counterparties to resolve repurchase demands
Manages outstanding claims due from counterparties
Manages service release repurchases and/or interim servicing
Follows functional area's processes and procedures in daily activities, troubleshoots as needed and recommends suggestions for continuous improvements to overall operations
Actively contributes to the results of a team and works toward achieving goals and objectives
Requirements:
High School diploma or equivalent
1-3 years mortgage experience with understanding of the loan servicing life cycle
Working knowledge of fundamental concepts, practices and procedures used within the mortgage industry
Self-motivated. Ability to accomplish goal/project-oriented work with minimal supervision
Strong organizational skills and ability to meet demands and strict deadlines
Must be able to accept ownership of related duties
Strong time-management, organizational, and project planning skills
Strong presentation skills
Strong verbal and written communication skills
Nice to have:
Some college preferred
3+ years of experience within the mortgage industry preferred