Loan Administration Specialist | Massachusetts Institute of Technology (MIT) - Military Veterans

Posting Description LOAN ADMINISTRATION SPECIALIST , Credit Union , to perform end of day (EOD) reporting on mortgage servicing system (MSS) for daily reconciliation of full portfolio loan payments and data; maintain mortgage pipeline to accurately identify loans for sale to investors and review wire funding sheets to closing attorney/title company for mortgage closings; perform post-closing quality assurance for accuracy of onboarded mortgage products onto MSS; review and upload closing packages to MSS; monitor and file required original trailing documents; ensure all loans are transferred and assigned to the correct investor in the MSS; processing daily reports, exceptions and balances in the MSS General Ledger for reconciliation; process, research and balance daily investor remittances by generating reports for resolution of any exception/rejects to balance investor accounts; process daily reports, exceptions and balances in the MSS General Ledger; perform daily/monthly reconciliation and repair discrepancies between MERS and MSS in addition to generating reports and attestations required for annual reporting to third party vendor; perform MERS PIF deactivation procedure; generate and analyze New Loans Entered Report to reaffirm accuracy of onboarding and Unapplied Balances Report prior to closing investors at EOM; and process, review and deliver loan payoff statements and process payoff wires/checks. Find a full job description here . Job Requirements REQUIRED : High school diploma or equivalent; a minimum of one year of experience in banking or credit union industry; and experience with FISERV DNA core system. PREFERRED: One year experience in loan servicing, lending, credit union operations or related field; and knowledge of Fannie Mae, Freddie Mac and FHLB investor delivery, servicing, and reporting. Job #24634-5 12/12/2024