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REQUIRED: high school diploma or its equivalent; one year of experience in the banking/credit union industry, preferably with loan servicing, lending, or credit union operations; experience with FISERV DNA system; knowledge of Mortgage Electronic Registration System (MERS) procedures, CFPB regulations, general loan servicing, and real estate loan servicing regulatory requirements; proficiency with MS Office (Word and Excel); excellent organizational, member service, and written and verbal communication skills; ability to form long-term business relationships and handle multiple tasks with speed and accuracy; initiative; and attention to detail. PREFERRED: knowledge of Fannie Mae, Freddie Mac, and FHLB investor delivery, servicing, and reporting; and Outlook experience. Job #24040-5
5/15/24
LOAN ADMINISTRATION SPECIALIST, MIT Federal Credit Union (MITFCU), to service nationwide real estate and consumer loans. Responsibilities include end-of-day reporting; maintaining mortgage pipeline; post-closing quality assurance; reviewing and uploading closing packages to MSS; monitoring and filing original trailing documents; ensuring loans are transferred and assigned correctly; processing daily reports, exceptions, and balances in the MSS general ledger; processing, researching, and balancing daily investor remittances; performing daily/monthly reconciliation and repairing MERS and MSS discrepancies; performing MERS PIF deactivation; generating and analyzing new loans report; processing, reviewing, and delivering loan payoff statements and processing payoff wires/checks; generating PIF real estate loans report and monthly late fees and billing statements for mortgage loans; performing quality control checks on real estate tax disbursements; monitoring CoreLogic portfolio; monitoring and processing flood, homeowner's, private mortgage insurance, and other escrow payments; assisting members with insurance claims; performing and reviewing annual escrow analysis; processing and researching PMI cancellation requests; processing principal payments and producing re-amortization schedule; and performing a variety of related duties.
Full Time
$44k-57k (estimate)
06/09/2024
06/22/2024
web.mit.edu
CAMBRIDGE, MA
7,500 - 15,000
1861
Private
L RAFAEL REIF
$3B - $5B
Colleges & Universities
Massachusetts Institute Of Technology is an educational institution that offers various degree programs in technology and engineering.
The following is the career advancement route for Loan Administration Specialist positions, which can be used as a reference in future career path planning. As a Loan Administration Specialist, it can be promoted into senior positions as a Loan Processor III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Loan Administration Specialist. You can explore the career advancement for a Loan Administration Specialist below and select your interested title to get hiring information.