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Mortgage Servicing Manager

Company: Affinity Federal Credit Union
Location: Basking Ridge
Posted on: September 25, 2022

Job Description:

The Mortgage Servicing Manager organizes, plans and directs the real estate loan servicing functions from the time the loan is disbursed until payoff, with an emphasis on member satisfaction and quality service.Successful candidate will be responsible for the completion of all special projects and assignments related to real estate loan servicing. In addition, successful candidate will serve as a coach and mentor by providing training, support and guidance to team members.ESSENTIAL DUTIES AND RESPONSIBILITIES

  • Managing the Real Estate Portfolio
  • Escrow administration, new loan setup, flood, hazard and private mortgage insurance monitoring and tracking
  • Manages the team responsible for onboarding new loans to the core system and conducting the post-closing document audit, investor remittance, loan maintenance, real estate servicing, tax escrow, insurance, loan payment, collateral, participation loans, quality control audit functions, report writing, paid loans and accurate document retention functions.
  • Manages the tracking of Flood and Hazard insurance, ordering of forced place insurance as required.
  • Ensures compliance with Real Estate Settlement Procedures Act (RESPA) requirements as they pertain to Initial and Annual Escrow Statements.
  • Manages the collection of bills, disbursement of funds from escrow/General Ledger accounts and the submission of payments related to Real Estate Taxes, Flood Insurance, Private Mortgage Insurance and Insurance premiums.
  • Reporting of Mortgage Participations, FNMA/FHLMC. Manages investor reporting for all investor loans. Coordinates and ensures accuracy of sold loan Investor Loan System set-up. Ensures the accurate and timely remittance of monthly payments to investors and reconciliation of custodial accounts monthly
    • Act as the liaison between Real Estate Servicing and other credit union departments.
    • Meets regularly with staff to ensure that there is a constant flow of information throughout the organization.
    • Participates in developing and implementing new products or services.
    • Produce monthly reports to Senior Management and the Credit Quality Committee_General Requirements/Qualifications_:
      • Minimum of 7 years real estate servicing experience
      • Minimum of 4 years of real estate servicing management experience
      • Knowledge of all residential servicing regulations
        • Ability to effectively communicate analytical findings and recommendations to business leadership in both informal and formal presentation settings
        • Ability to lead, develop, and mentor a successful team
        • Exceptional problem-solving acumen with ability to think strategically
        • Time Management - ability to prioritize competing assignments, work independently and thrive in a fast-paced results orientated environment
        • Experience with finance computations, lending calculators and general consumer loan applications.
        • Proficient in various technology software packages as well as the use of loan calculators to execute basic financial mathematics including simple interest calculations and amortization schedules.Affinity strives to maintain balance between our employees' personal and professional responsibilities. All full-time employees receive a highly competitive and multi-faceted Total Rewards package including competitive pay, target incentive, full medical/dental/prescription coverage, 401(k) plan, profit sharing, and generous paid time off. Affinity employees are also eligible for discounts on products and services and earn paid time off for volunteering. In addition to these benefits, Affinity provides extensive educational and developmental opportunities as well as access to our formal Tuition Assistance Program.Affinity Federal Credit Union is an Equal Opportunity Employer.Affinity FCU is committed to creating an inclusive culture and an employment experience that values diversity. Our culture is built on respect - one that recognizes and values the unique talents of everyone on the team. With a genuine commitment to diversity, we've created an environment where employees feel comfortable regardless of race, gender, religion, background, physical ability or sexual orientation.Explore career opportunities with Affinity and belong to something better.Please scroll down and read the Applicant Statement in its entirety.Applicant StatementI promise that all information I have supplied in this application and any other form, oral or written, is true and accurate, and I agree that any misstated, misleading, omitted, or false information will result in rejection of this application form, refusal to hire, withdrawal of an offer of employment, or immediate discharge without recourse, whenever and however discovered.I understand and agree that Affinity Federal Credit Union, any agent acting on its behalf, as well as any other person responding to a reference request pursuant to this application, can and will seek and/or disclose any and all information about me which said corporation, agent, or person may have. I specifically authorize said disclosure and agree to hold all such corporations, agents, or persons harmless.I understand and agree to the fact that Affinity Federal Credit Union maintains a drug-free workplace and that I will be required to undergo a drug urine screening check. I understand and agree to the fact that Affinity will also conduct a criminal history background and credit report check. I understand and agree that said pre-employment checks are designed to ascertain my suitability for employment. I specifically authorize said disclosure of this confidential information and agree to hold Affinity Federal Credit Union, its agents, managers, officers, and employees harmless from any and all liability in connection with the pre-employment screening/testing. Additionally, I agree to comply with all request for additional testing of any type and at anytime during my employment at Affinity Federal Credit Union.I understand that all employment offers are made contingent upon satisfactory proof of legal authorization to work in the United States according to the law. I understand that failure to provide satisfactory proof of identity and authorization to work in the United States will disqualify me from employment.If hired, I agree to abide by the terms and conditions of all Affinity Federal Credit Union policies and procedures. I understand I will not be employed, or my employment will be terminated, if I am or have been convicted of a criminal offense involving dishonesty, breach of trust or money laundering, or if I admit, plead guilty or nolo contender, or have to such an offense or if I agree or have agreed to enter into a pretrial diversion or similar program in connection with a prosecution such an offense.I understand and agree that my employment will be at will and that I or Affinity Federal Credit Union may terminate this employment relationship at any time, with or without notice, for any or no reason, without recourse by either of us. I also understand that oral representations to the contrary do not change the fact that both the Company and I maintain free to end the work relationship for any or no reason. I further understand that any changes in this employment relationship must be made in writing.I acknowledge that at anytime during my employment with Affinity Federal Credit Union, the hours and/or days that I am expected to work may be changed to accommodate the needs of the business. In addition, I am also expected to work at various Affinity Federal Credit Union locations.I acknowledge that I have been advised that Affinity Federal Credit Union is an Equal Opportunity Employer and that Affinity Federal Credit Union administers its employment policies in a nondiscriminatory manner. I specifically authorize Affinity Federal Credit Union to investigate my background, including any and all references, and prior employers, consistent with the position for which I am applying, and release and hold Affinity Federal Credit Union harmless for any and all liabilities arising out of its investigation of my application for employment. I authorize the Company, in its sole discretion, to supply my employment record to any prospective employer, government agency, or other party with an interest that the company deems appropriate.I understand that this application is not a contract of employment.If you agree to this disclaimer, you authorize the Company to process the application in accordance with the Company's established hiring practices.By completing this online application for employment opportunities at Affinity Federal Credit Union, I acknowledge reading, understanding and agreement of the Applicant Statement.Job Type: Full-time

Keywords: Affinity Federal Credit Union, Newark , Mortgage Servicing Manager, Executive , Basking Ridge, New Jersey

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