What are the responsibilities and job description for the Loan Payment Coordinator position at Contemporary Staffing?
Job Title: Loan Payment Coordinator
Job Overview:
Contemporary Staffing Solutions is seeking a Loan Payment Coordinator to join our client to support the accurate processing and reconciliation of mortgage payoff transactions. This individual will play a vital role in managing incoming payments, ensuring loans are paid off accurately, and maintaining compliance with investor and internal standards. The ideal candidate is detail-oriented, highly organized, and thrives in a fast-paced, deadline-driven environment where accuracy and collaboration are key to maintaining financial integrity. This position is onsite in Trenton, NJ and offered as a contract opportunity.
Compensation:
$23 – $26 per hour
Work Schedule:
Monday through Friday, standard business hours
Key Responsibilities of the Loan Payment Coordinator:
- Process and reconcile mortgage payoff transactions, ensuring all payments are applied accurately and in compliance with investor and internal servicing standards.
- Review, balance, and deposit all payoff-related checks and wire payments, maintaining alignment with general ledger and accounting requirements.
- Partner with attorneys, title companies, and borrowers to resolve payoff discrepancies, short funds, or account exceptions in a timely and professional manner.
- Monitor and manage daily reports for paid-in-full loans, escrow disbursements, and final escrow refunds to ensure funds are released appropriately.
- Collaborate with internal departments such as Investor Reporting, Default, and Payment Processing to maintain seamless coordination across teams.
- Support audit and compliance standards by ensuring all documentation, reconciliations, and records are accurate and complete.
- Contribute to department projects and assist in training team members on system updates and reporting procedures.
Qualifications and Skills for the Loan Payment Coordinator:
- High school diploma or equivalent required; additional education or certifications in finance or accounting are a plus.
- 2–3 years of recent experience in cash management or payment processing within mortgage servicing.
- Strong data entry and computer proficiency, including Microsoft Excel, Word, and Outlook.
- Excellent math aptitude, attention to detail, and ability to manage high-volume transactions with precision.
- Proven ability to communicate effectively, resolve discrepancies, and work both independently and collaboratively.
- Strong organizational and time management skills with the ability to meet deadlines in a fast-paced environment.
Why Join Us?
This is a great opportunity to work within a collaborative financial services team where accuracy, efficiency, and problem-solving are valued daily. You’ll gain hands-on exposure to complex mortgage payoff processes, expand your financial operations skills, and be part of a team that supports professional development and success.
About Us:
Contemporary Staffing Solutions (CSS) is a trusted leader in providing contract, temporary, temp-to-hire, and direct hire staffing solutions. With decades of experience, we’ve grown from a staffing agency to a nationwide provider of workforce management solutions. Our niche recruitment expertise spans Accounting & Finance, Call Center & Office Support, Human Resources, Sales & Marketing, and Information Technology. Explore more about CSS and how we connect great talent with exceptional opportunities by visiting www.ContemporaryStaffing.com.
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Job Type: Temporary
Pay: $23.00 - $26.00 per hour
Work Location: In person
Salary : $23 - $26