Rushmore Loan Management Services

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Sr. Modification Recon Analyst

Sr. Modification Recon Analyst

Job ID 
2017-1867
Job Locations 
US-TX-Dallas
Category 
Servicing Operations Support
Type 
Regular Full-Time
FLSA Status 
..

More information about this job

Overview

POSITION SUMMARY:

The Senior Modification Reconciliation Analyst is responsible for timely certification of modification adjustments as pertains to both remaining balances and associated system transactions.  In addition, this position will be primarily responsible for processing remediation on any confirmed errors, including but not limited to re-modification or recommendations for balance waivers to RLMS Management as set forth under procedural guidance.

Responsibilities

ESSENTIAL DUTIES AND RESPONSIBILITIES:

  • Reconciliation Processing will encompass an accounting comparison of the Application of Funds, Modification Agreement and MSP transactions within 60 days of the effective modification date.
  • Confirm modification adjustments have been processed accurately to the original decision rendered and underlying procedures.
  • Performs a root cause analysis for all errors – reports to direct supervisor.
  • Presents monthly results of errors (frequency and dollar amount) and trend analysis of causal reasons summarized by underwriter assigned and closer assigned to VP of Default Underwriting and SVP of Servicing Operations and subtotaled by investor serviced.
  • Provides adjustment recommendations to Direct Supervisor and with concurrence follows remediation requirements and customer notifications (e.g. billing statement notices and/or recast agreements)
  • Performs QC review as required for reconciliations performed by others.
  • Creates / Maintains procedural updates for required process changes
  • Reports Daily, Weekly, Monthly Productions updates
  • Escalates all significant errors based on monetary, systemic or material conditions to SVP Servicing Operations.
  • Applies knowledge of modification guidelines / fees and costs assessment and proper application of cash for reconciliation purposes.
  • Performs all other duties as assigned.

 

Qualifications

ESSENTIAL KNOWLEDGE & SKILLS:

  • Excellent accounting / reconciliation skills
  • Strong verbal and written communication skills
  • Excellent attention to detail and results oriented
  • Ability to multi-task and prioritize effectively within established timeframes
  • Able to work accurately and efficiently in a fast paced environment
  • Ability to collaborate with others in a team setting
  • Superior time management skills and analytical capabilities

 

 

EDUCATION AND/OR EXPERIENCE:

  • Bachelor’s Degree preferred
  • High School Diploma required
  • Experience with origination closing documentation or modification documentation
  • Servicing experience, especially delinquent assets

 

MACHINES, OFFICE EQUIPMENT & SOFTWARE:

  • PC computer with Windows operating system, facsimile, photocopier
  • Very Proficient in Microsoft Office applications primarily Excel.

 

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