Consolidated Analytics · 1 day ago

Loan Boarding SME

United States

Full-time

Remote

Mid, Senior Level

5+ years exp

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Responsibilities

Loan Account Set Up and OFAC Reporting and Compliance – Set up all entities, including borrowers, co-borrowers, and guarantors. Additionally, for all parties to the credit, ensure CIS records have been established prior to funding the loan. Recognition of the parties to the loan is determined from the CIS Addendum. Obtain waivers from compliance as needed.

Loan Boarder is responsible to be familiar with and understand FASB91 and GAAP accounting guidance related to treatment of fees/costs for new loans. For loans that are renewed, or significantly modified, loan boarder must determine if change is considered significant based upon comparison of cash flows in determining if fees can be taken into income or must be amortized over the life of renewed/modified loan.

Pricing and Repayment Schedules – Loan Boarder is responsible to ensure for the accuracy of the entered pricing (All-in Rate, Margin, and Index, teaser rates, LIBOR pricing options, as applicable) and repayment schedules (Interest only period, repayment terms (Mortgage style amortization. Straight-line amortization, 12-month average amortization schedule, and SWAP related schedules, all of which may be customized for each client.

Reporting requirements – Loan Boarders are responsible to enter critical information for reporting purposes gleaned and/or translated from the Credit Approval Document, Loan Documentation Checklist, or other documents which supports governmental, regulatory, and General Ledger/Financial and management reporting

Loan Funding – Fund loan based upon disbursement authorization. Set up future disbursement account in ALDO as applicable. Funding may take the form of an out-going wire, credit to a demand deposit account, issuance of Cashier’s Checks or offset to payoff/pay down an existing loan.

Qualification

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Mortgage Servicing ExperienceMSP Mortgage Servicing SystemLoan Boarding KnowledgeRegulatory Compliance KnowledgeInvestor Rules KnowledgeHands-on Support SkillsTime Management Skills

Required

5 years of Mortgage Servicing experience in Loan Boarding working on MSP

Extensive knowledge of rules and regulations surrounding Loan Boarding

Extensive knowledge of all investor rules for GSE, GOV, Private and Bank-owned portfolios

Proven ability to effectively provide hands-on support to the Loan Boarding operations during the mortgage servicing system conversion, maintaining production and quality

Excellent written and verbal communications skills, organizational and time management skills, and the ability to interface confidently with investor/clients, auditors and management