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CV3 Financial Services · 8 hours ago

Payment Processing Specialist

United States

Full-time

Remote

Mid Level

$60K/yr - $76K/yr

3+ years exp

CV3 Financial Services provides financing for non-owner-occupied investment properties, offering flexible loan solutions. The Payment Processing Specialist is responsible for the timely and accurate posting of payment-related transactions and ensuring compliance with loan documents.

Financial Services

Responsibilities

Monitor borrower's compliance with loan documents and process transactions in accordance with loan documents

Responsible for handling various types of funds including but not limited to checks, ACH, and wires

Process online and phone payments as well as reversals and NSFs

Monitor and audit cash flows

Create and review reports to monitor loan delinquency, and payment/ interest rate changes

Ensure timely posting of transactions including but not limited to regular and delinquent payments, payoffs, reinstatements, fees, charges, advances, principal curtailments, and other funds received as well as cash disbursement of taxes, insurance, etc

Set up and monitor ACH and wiring activity

Respond to inquiries and work with several internal and external parties regarding pending transactions and transfer of funds

Monitor multiple bank activities for incoming and outgoing payments

Interact with internal and external parties to resolve escrow overages/shortages, correction of misapplied funds, tax/insurance disbursement issues, etc

Support miscellaneous activities, projects, and requests for Loan Servicing

Qualification

Payment processingLoan servicingExcel proficiencyReconciliationsBasic accounting knowledgeTime managementDetail-orientedCommunication skillsTeamwork

Required

High school diploma required

3+ years of experience in banking or commercial/consumer loan servicing

Proficient with Excel reports, formulas, and analysis

Experience with reconciliations, electronic and various other payment processing methods, and basic accounting knowledge

Ability to identify processing inefficiencies and collaborate for improvement

Proficient in MS Office i.e., Excel, Outlook, Word, and other software programs as needed

Ability to work in a high-volume, fast-paced environment, effectively prioritizing between multiple systems and priorities

Strong decision-making ability

Effective time management and organizational skills

Professional and courteous with both internal and external customers

Highly detail-oriented with a high degree of accuracy

Good verbal and written communication skills with the ability to apply common sense to carry out instructions, interpret documents, and understand procedures

Strong researching skills

Ability to quickly and accurately troubleshoot and properly escalate issues

Possesses sense of urgency with quick turnaround times for all requests and reports

Proven to successfully work in a team, fast-paced environment