Contractor- Investor Reporting Analyst

Job#: 2027290

Job Description:

Description: -
Service the mortgage loans sold portfolio to investors through the performance of 3 critical functions: (1) remittance, (2) reporting and (3) reconciliation as mandated by GSEs’ (Ginnie Mae (GNMA), Freddie Mac (FHLMC) and Fannie Mae (FNMA)) and Private Investors’ guidelines. Responsible for understanding the various investors’ servicing guidelines as it pertains to the remittance, reporting and reconciliation of the mortgage sold loan portfolios in order to perform assigned tasks and deliverables on a timely and accurate basis.
• Stay abreast of applicable changes in the mortgage industry, as well as, changing or newly issued investors’ servicing guidelines/requirements, federal, state and industry laws and regulations in order to understand any impacts and/or changes to processes and tasks as directed by management
• Perform monthly custodial bank accounts, general ledger and P&I reconciliations, to include review, analysis of loan activity and financial data and research, identify and document differences or issues as they arise
• Perform daily and monthly validations and/or reconciliations to ensure accurate and timely remittances to investors
• Monitor, research and re-report daily loan rejects to ensure timely reporting to the investors
• Understand and process various default liquidations (i.e. short sales, REO, 3rd Party Sales, repurchases, make wholes, etc.) to ensure timely remittance and reporting to investors
• Process weekly bulk repurchase requests from Loss Mitigation and loan reclasses of Mortgage Loans Held for Investment (MLI)/Mortgage Loans Awaiting Sale (MLAS) from Mortgage Pricing or Capital Markets
• Monthly, prepare analysis and adjustment to investor cash balances, set up headers for investor sales and perform related sales reconciliations and adjustments, as well as, prepare reporting metrics of the investors’ portfolios
• Perform various monthly reporting tasks related to loan and pool adjustments in Mortgage Servicing Platform (MSP) and GNMA’s Reporting and Feedback System (RFS) for NFCU’s largest mortgage sold portfolio
• Assist in the preparation and calculation of various schedules for net worth, capital requirement, liquid asset and insurance coverage as required for the annual compliance audits for GNMA and Federal Housing Administration (FHA), as well as, annual certifications for FNMA, FHLMC and Uniform Single
Attestation Program (USAP), including reporting packages that are required to be delivered to the GSEs or Private investors
• Assist in the preparation and gathering of prepared by client (PBCs) for internal, external and GSEs reviews or audits
• Assist in the monthly preparation (i.e. model updates, journal entries, executive summaries, flux explanations, etc.) of the Risk Sharing and Representation and Warrants areas as directed by the Investor Reporting Analyst II or management
• Participate in Black Knight’s (BK) enhancements for MSP or investors initiatives by assisting management in the updates and execution of processes and tasks for the impacted areas
• Identify opportunities for process improvements on assigned areas of ownership and tasks and make recommendations for changes, as well as, assist in efforts to automated or streamline current processes
• Collaborate with investors and/or various business units (i.e. Servicing, Lending, Default, Capital Markets, etc.) to respond to inquiries or requests for loan information or to resolve and research reporting and remittance questions
• Serve on teams and task groups for projects/initiatives within the business units and/or across the organization
• Serve as mentor/trainer and provide guidance and assistance to team members and contractors
• Perform other duties and ad hoc request as assigned
Qualifications and Education Requirements
• Bachelor’s in Accounting, Finance, or other related field or the equivalent combination of training, education, and experience
• Agile and flexible to changes whether driven by mortgage industry, investors, company or department initiatives/mandates
• Working knowledge or experience of the mortgage industry
• Working knowledge of accounting, credit union, and/or lending principles and techniques
• Experience in applying accounting knowledge in performing transactions and reconciliation
• Working knowledge of FNMA, FHLMC, GNMA and relevant mortgage investor guidelines
• Experience with investor reporting functions in a mortgage secondary marketing environment
• Experience identifying relevant analytical problems, determining appropriate diagnostic methods and solving unique and complex issues/problems
• Effective skills following, interpreting and applying relevant data/instructions to guidelines, procedures, practices and regulations
• Effective skill presenting findings, conclusions, alternatives and information clearly and concisely
• Experience managing multiple priorities independently and/or in a team environment to achieve goals
• Advanced skill maintaining accuracy with attention to detail and meeting deadlines
• Advanced word processing and excel skills
Desired Qualifications and Education Requirements
• Experience or knowledge of GSEs (GNMA, FNMA, FHLMC)
• Familiarity with financial products, services, systems, policies and procedures
• Experience with Black Knight’s Mortgage Servicing Platform (MSP)
• Certified Public Accountant designation
















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Apex Systems is a world-class IT services company that serves thousands of clients across the globe. When you join Apex, you become part of a team that values innovation, collaboration, and continuous learning. We offer quality career resources, training, certifications, development opportunities, and a comprehensive benefits package. Our commitment to excellence is reflected in many awards, including ClearlyRated's Best of Staffing® in Talent Satisfaction in the United States and Great Place to Work® in the United Kingdom and Mexico.

Employee Type:

Merrifield, VA, US

Job Type:

Date Posted:
May 7, 2024