Loan servicing is the process by which a company (mortgage bank, servicing firm, etc.) collects interest, principal, and escrow payments from a borrower. The vast majority of mortgages are backed by the government or government-sponsored entities (GSEs) through purchase by Fannie Mae, Freddie Mac, or Ginnie Mae (which purchases loans insured by the Federal Housing Administration (FHA) or guaranteed by the Department of Veterans Affairs (VA)). Because GSEs and private loan investors typically do not service the mortgage loans that they purchase, the bank who sells the mortgage will generally re ...
tain the right to service the mortgage pursuant to a master servicing agreement. The payments collected by the mortgage servicer are remitted to various parties; distributions typically include paying taxes and insurance from escrowed funds, remitting principal and interest payments to investors holding mortgage-backed securities (or other types of instruments backed by pools of mortgage loans), and remitting fees to mortgage guarantors, trustees, and other third parties providing services. The level of service varies depending on the type of loan and the terms negotiated between the servicer and the investor seeking their services, and may also include activities such as monitoring delinquencies, workouts/ restructurings and executing foreclosures.
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Community bank in Kingman AZ has a full-time job opening for a Loan Servicing Manager. Job description. Job Summary. Plans, directs, or coordinates activities of the loan department to ensure compliance with ethical and regulatory standards. Manages all aspects of loan operations and support staff, including document processing, disbursement, and servicing for commercial and real estate lending. General Accountabilities. Maintains knowledge of al...
Responsibilities. Performs various loan file maintenances as requested. Audits reports to ensure accuracy and compliance with Georgia United’s processes and procedures. Supports members and branches by answering questions regarding insurance claims. Maintains and updates members’ GAP, debt and disability claims in the system. Processes collateral protection premium add-ons, refunds and interest refunds. Processes dept protection, GAP and warrant...
Bank of Marin, voted by our employees as one of the “Best Places to Work” in the North Bay Business Journal, is seeking a Loan Servicing Associate to join our Loan Operations team at either our corporate office in Novato. . In a team-oriented environment, the Loan Servicing Associate supports the loan servicing area by performing a variety of customer service, filing and system maintenance tasks. Essential Duties. Processes paperwork for payoff d...
As a Servicing Administrator with LYNK Capital, you will work with our post-closing team to services a portfolio of about 300 mortgages. Daily task can include receiving and processing collateral documents, contacting borrowers relating to payments and taxes, and basic A/R – A/P through collections and invoice processing. The ideal candidates will exhibit skills of being highly organized, have the ability to multi-task and work well with our team...
Description. This is a Part-Time position - 25-28 hours per week. Work schedule is flexible Monday through Friday between the hours of 8:30 and 4:30 pm. Basic Qualifications. Education/Training. A high school diploma or equivalent. AIB related courses or Associate degree in related field preferred. Skill(s). Clearly communicates in English. moderate reading, writing, grammar, and mathematics skills. moderate interpersonal relations and communicat...
Title. Loan Servicing Specialist. Job Overview. Builder Finance Inc. (“BFI”) is a mortgage lender to home building companies and rental home investment companies across the country. Clients chose BFI for great pricing, great terms, and an industry-leading customer experience. Details available at BuilderFinance.com. . . The Loan Servicing Specialist position is responsible for critical financial data. Work expected to include the items listed bel...
Job Description. Summary. The Loan Servicing Manager (LSM) is responsible for ensuring the. completeness, accuracy and efficiency of the loan servicing division. in connection with all loans excluding commercial credits cards. The. LSM sets division goals, tracks operating performance metrics and. provides monthly status reports to the CFO inclusive of improvement. recommendations. The LSM coordinates communication to inform. department staff of ...
Maine Savings is searching for a full-time, 40 hour per week, Loan Servicing Specialist position for our Hampden Administration location. . The Loan Servicing Specialist works under the supervision of the Loan Servicing Supervisor. in this role, you can expect to perform a variety of functions in connection with commercial, real estate and consumer lending to include all processing and maintenance of loans after they have been closed. Additional...
Responsible for providing centralized loan servicing support to bank’s branches, customers, loan operations and loan officers. Responsible for performing a variety of clerical functions and loan maintenance. . Responsibilities include, but are not limited to. Loan Servicing. . Prepares and completes Paid Note Statements including releases of titles and preparation of mortgage releases, which may include electronic recording as applicable. . Prepa...
We are seeking a highly motivated individual to join a Private Equity firm client of ours as a Loan Servicing Specialist. The ideal candidate must have experience and will be responsible for the following. Initiate loan activity (funding, repricing, payments) as instructed by the client in accordance with the credit agreement(s). Calculation and tracking of complex interest and fee accruals at various rate levels across changing lender distributi...
Description. Job Summary. The Loan Servicing Specialist is responsible for the accurate and timely servicing of the Bank’s loan portfolio, as well as providing clerical support to the lending division and other areas within Loan Operations. . . Job Responsibilities. Responsible for the initial setup of all loans (news/renewals/modifications) on the Bank’s core processing system. Daily processing of loan payments received, including participations...
CrossCountry Mortgage (CCM) is one of the nation’s top 3 retail mortgage lenders with more than 7,000 employees operating nearly 600 branches across all 50 states. We have been recognized nine times on the Inc. 5000 list of America’s fastest-growing private businesses and have received countless awards for our standout culture. Through our dedication to getting it done, we make every mortgage feel like a win. A culture where you can grow. . CCM h...
