Rushmore Loan Management Services

  • Acquisitions Special Loans Specialist

    Job Locations US-TX-Dallas
    Job ID
    2018-2238
    Category
    Loan Administration
    Type
    Regular Full-Time
    FLSA Status
    Non-Exempt
  • Overview

     

    POSITION SUMMARY:

    The Acquisitions Special Loans Specialist assists with the evaluation of prior servicer data to ensure that loans in the mortgage-servicing portfolio are boarded into the loan servicing system according to the prior servicer data. Performs research to ensure that all special loan products are accounted for accurately according to the prior servicer's data.

    Responsibilities

     

    ESSENTIAL DUTIES AND RESPONSIBILITIES:

    • Review and administer loan mapping requirements for special products
    • Examine prior servicer data files/reports to identify loan types
    • Follow data mapping instructions for each servicer based on company defined codes
    • Perform defined data logic checks and report of findings
    • Perform pre-acquisition data review
    • Assist with data mapping for special products including: ARM plans, HELOC plans, Interest Calculation Options etc.
    • Complete pre-boarding review and comparison of loan details in the test region
    • Perform post-boarding review and comparison of loan details in production
    • Report loan level issues identified during the review process to the business units
    • Assist in identifying boarding issues based on prior servicer data
    • Assist in performing root cause analysis for boarding exceptions
    • Performs all other duties as assigned

    Qualifications

     

    ESSENTIAL KNOWLEDGE & SKILLS:

    • In-depth knowledge of Black Knight's Mortgage Servicing Package (MSP) for Special Products
    • 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’s Degree preferred
    • High School Diploma required
    • 3+ years' experience working in a residential servicing environment with a minimum of 2 years and an expert understanding of ARM loans, Loan Modifications and HELOCs

     

     

    MACHINES, OFFICE EQUIPMENT & SOFTWARE:

    • Proficient in Microsoft Office applications
    • Working knowledge of MSP

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