Rushmore Loan Management Services

ARM's Mapping Analyst

US-TX-Dallas
Job ID
2017-1759
Category
Loan Administration
Type
Regular Full-Time
FLSA Status
Exempt

Overview

POSITION SUMMARY:

The ARM's Mapping Analyst is responsible for assessing prior servicer data to ensure that loans in the mortgage servicing portfolios are boarded according to the prior servicer data. This position includes a strong emphasis on special loans, ARMs and Mods.

Responsibilities

ESSENTIAL DUTIES AND RESPONSIBILITIES:

  • Analyze prior servicer data files/reports to identify loan types which will need additional analysis, mapping and review.
  • Perform analysis of loans to ensure that all special loan products will be accounted for accurately during the loan boarding process, according to the prior servicer’s data.
  • Define and document preliminary data logic checks and prepare report of findings to support data mapping and review plan.
  • Develop and document loan boarding requirements for special products
  • Establish data mapping instructions for each servicer based on company defined codes
  • Participate in data conversion sessions with prior servicers
  • Perform data mapping for special products including: ARM plans, HELOC plans, Interest Calculation Options etc.
  • Perform pre-boarding review and comparison of loan details in the test region
  • Perform post-boarding review and comparison of loan details in production to ensure accuracy of boarding process, and identify instances where adjustments may need to be made.
  • Perform root cause analysis for boarding exceptions
  • Report loan level issues identified during the review process to the business units
  • Maintain a log of boarding issues encountered with each servicer to be utilized for future reference.
  • All other duties as assigned

Qualifications

ESSENTIAL KNOWLEDGE & SKILLS:

 

  • In-depth knowledge of Black Knight’s Mortgage Servicing Package (MSP)
  • Comprehensive understanding of various special products, including ARMs, Bi-Weekly, Balloons, Daily Simple Interest, Interest Only, Dual Amortization, Negative Amortization and Payment Option loans.
  • Extensive experience with different types of loan modifications
  • Experience formatting loan level transactions.

 

EDUCATION AND/OR EXPERIENCE:

 

  • Bachelor degree preferred
  • High School Diploma required
  • 5+ years’ experience working in a residential servicing environment
  • A minimum of 3 years’ experience and an expert understanding of ARM loans, Loan Modifications and SCRA loans
  • At least 3 years’ experience data mapping/boarding experience

 

MACHINES, OFFICE EQUIPMENT & SOFTWARE:

 

  • Proficient with Microsoft Office applications
  • Working knowledge of MERS, LPS desktop, and MSP

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