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1 Mortgage Investor Reporting and Accounting Coordinator Job in Little Rock, AR

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Arvest Bank
Little Rock, AR | Full Time
$42k-57k (estimate)
0 Months Ago
Mortgage Investor Reporting and Accounting Coordinator
Arvest Bank Little Rock, AR
$42k-57k (estimate)
Full Time | Banking 0 Months Ago
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Arvest Bank is Hiring a Mortgage Investor Reporting and Accounting Coordinator Near Little Rock, AR

Position is Monday through Friday 8 am to 5 pm with ability to work additional hours as needed.

Location: 801 John Barrow Road, Ste. 1, Little Rock, AR. Incumbent can be located anywhere within the Arvest 4 State Footprint (AR, KS, MO, OK) as remote options are available.

Exempt: No

Salary Grade: Grade 12

Summary:

SUMMARY: Under the supervision and guidance of the Mortgage Investor Reporting & Accounting Supervisor, the Mortgage Investor Reporting & Accounting Coordinator is responsible for reporting and remitting principal and interest collections to investors, and reconciling custodial accounts on their behalf and completing monthly delinquency reporting. The Coordinator performs the more routine aspects of reporting, remitting, and reconciling with assistance available from the Mortgage Investor Reporting & Accounting Supervisor and the Mortgage Investor Reporting & Accounting Analyst. Frequent changes within the industry require the Coordinator to understand and comply with new reporting requirements on an on-going basis. Coordinators are cross trained on all types of investors, but they typically specialize in a given investor or type of investor, beginning with the private investor.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

  • Perform monthly custodial account reconciliations, balancing cash received to the expectations of the investor in accordance with the most current investor guidelines.
  • Review, research and resolve variances in Investor Reporting utilizing internal and external systems/reports.
  • Review monthly investor reports for accuracy and completeness. Responsible for the reporting of Federal Home Loan Mortgage Corporation (FHLMC), Federal National Mortgage Association (FNMA), Government National Mortgage Association (GNMA), and/or private investor securitized/non-securitized pools to the master servicer.
  • Determine the amount of timing of principal and interest remittances to investors.
  • Work with the CMC acquisitions and systems departments to verify the accuracy of pending-loan data prior to boarding onto the servicing system and with AMD once the loans are boarded onto the servicing system.
  • Monitor custodial account activity to insure adequate funds are available on specified due date.
  • Wire funds and approve investor drafts.
  • Respond to investor inquiries regarding reporting or remittance differences, escalating inquiries as required.
  • Review Delinquency Status reports and associated documentation for accuracy prior to file reporting.Notify appropriate related department associates of any discrepancy and request appropriate corrections be made before reporting deadline.
  • Prepare and deliver Investor Default reports within the investor guidelines.Review edits received from investor after initial delinquency reporting and report corrections within the investor guidelines.
  • Take appropriate action to make system changes regarding implementing new reporting statuses and codes, updates, and formats via Harland’s Interlinq Loan Servicing Systems and/or the company’s Systems Department. Work directly with MSD (Mortgage Systems Department) to automate portions of the reporting process.
  • Actively seek out departmental processes that cause reporting errors/mistakes which result in edits and compensatory fees.Notify and work with Supervisor/Manager and other departments to amend procedures.
  • Assist with the testing of new processes/procedures resulting from changes to investor reporting requirements.Participate as an observer in discussions around how to implement changes to investor reporting requirements.
  • Interpret information effectively in verbal and written form.
  • Understand and comply with bank policy, laws, regulations, and the bank's BSA/AML Program, as applicable to your job duties. This includes but is not limited to; complete compliance training and adhere to internal procedures and controls; report any known violations of compliance policy, laws, or regulations and report any suspicious customer and/or account activity.

TEAM ACCOUNTABILITIES:

  • Support and uphold the Arvest Mission Statement.
  • Uphold the Arvest Code of Ethics and ensure that confidential information is safeguarded.
  • Maintain a high level of cooperation and rapport with all associates in order to ensure accurate and efficient operations and service.
  • Formulate and communicate new ideas and suggestions that will improve profitability and efficiency for the company’s overall operation.
  • Promote professionalism at all times.

Responsibilities:

QUALIFICATION REQUIREMENTS:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.

EDUCATION and/or EXPERIENCE:

  • Associate’s Degree or equivalent experience in accounting, mortgage, or other business required.
  • 1 year of mortgage servicing experience required.
  • Excel or other spreadsheet software experience required.
  • Mortgage default servicing experience preferred.

OTHER SKILLS AND ABILITIES:

  • Must be able to arrive at work on time, work on site and have regular work attendance
  • Must be able to work cooperatively with other co-workers regardless of personality, presence or communication style
  • Must be able to provide cordial customer service regardless of customer personality, presence or communication style
  • Must be able to perform several tasks at once
  • Must be able to work in a stressful atmosphere
  • Must be able to rotate job tasks
  • Must be able to occasionally work overtime
  • Must be able to greet others cordially
  • Must be able to coordinate multiple and changing priorities
  • Must be able to verbally communicate with all other associates
  • Must be able to operate telephone, scanner, copier and FAX machines
  • Must be able to move from department, division, or bank to department, division or bank to attend meetings
  • Must be able to operate personal computer keyboard in order to create reports, schedules and other appropriate documentation

PHYSICAL DEMANDS:

The physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.

While performing the duties of this job, the associate is regularly required to stand, walk, sit, and to talk and hear. The associate must occasionally reach with hands and arms; stoop, kneel, or crouch.

The associate may occasionally be required to lift or move up to 25 pounds.

Specific vision abilities required by this job include close, distance and color vision and the ability to adjust focus.

WORK ENVIRONMENT:

The work environment characteristics described here are representative of those an associate encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Banking

SALARY

$42k-57k (estimate)

POST DATE

05/05/2023

EXPIRATION DATE

05/19/2024

WEBSITE

arvest.com

HEADQUARTERS

LONOKE, AR

SIZE

3,000 - 7,500

FOUNDED

1961

CEO

VICKI CALAHAN

REVENUE

$1B - $3B

INDUSTRY

Banking

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About Arvest Bank

Arvest Mission: People helping people find financial solutions for life. Arvest Bank is a regional bank that operates in a unique, customer-focused way. Arvest delivers the convenience and technological advantages of a large super-regional bank but with the local commitment and decision-making of a local community bank. Our primary focus is on meeting and exceeding customer expectations through convenient hours, an extensive network of branches, competitive rates and pricing, technological innovation and offering a full line of banking, mortgage, investment, lending and wealth management servi...ces. Arvest operates in 16 locally managed markets, each with its own president, management team and board of directors, in Arkansas, Oklahoma, Missouri and Kansas. The majority of our 270+ branches are open 12-hours a day during the week for our customers' convenience. Member FDIC. Equal Housing Lender. More
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