Mortgage Loan Accting Rpt & Admin Specialist

Company: First Bank
Location: Greensboro
Posted on: May 13, 2022

Job Description:

SUMMARY: The position of Mortgage Loan Accounting, Reporting, and Administrative Specialist is responsible for mortgage accounting duties relating to loan level and GL account reconcilement, interim payment processing, as well as processing of invoices and refunds. This role is also responsible for reporting and other duties related to mortgage administration as required to ensure the smooth operation of mortgage administration for First Bank. ESSENTIAL FUNCTIONS:

• Responsible for the reconcilement and balancing of all closed loans; identify and resolve any discrepancies, provide assistance to other staff members in resolving discrepancies
• Responsible for the reconcilement of all Mortgage related applicable General Ledger accounts; identify and resolve any discrepancies, provide assistance to other staff members in resolving discrepancies
• Provide mortgage accounting and administrative reporting support to management, the mortgage department, and other areas within the bank as needed and on a daily, monthly, quarterly or yearly schedule as needed.
• Approve and process invoices for Accounts Payable Department. Approve and process credits and accounts receivable as needed.
• Handle a variety of accounting/reconciliation functions and working closely with management in analyzing expenditures. Make recommendations to improve accounting work flow, reporting procedures and improve efficiency and reduce costs
• Assist mortgage systems administration with maintaining relationships with current vendors, agencies and investors or in establishing relationships with new investors and vendors as needed.
• Other duties as required to ensure the highest level of efficiency, scalability and sustainability of the mortgage department.
• Must maintain a working knowledge of the Mortgage Lending industry standard practices and compliance regulations as it relates to mortgage accounting, pricing and vendor oversight.
• Completes annual compliance courses.
• Adheres specifically to all corporate policies and procedures. Also adheres to Federal and State regulations and laws; including, the Bank Secrecy Act and the Anti-Money Laundering Act.
• Adheres to all levels of our Service Excellence standards.
• Performs other duties as required. GENERAL QUALIFICATIONS: Knowledge & Experience: These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. Individual abilities may result in some deviation from these guidelines.
  • College degree or high school diploma/general education degree (GED) acceptable with sufficient work-related experience. Work-related experience should consist of Mortgage experience and/or experience in accounting, bookkeeping and reconciliation. Mortgage experience should include a general understanding of mortgage loan origination, sale, post-closing and servicing. These duties should have been conducted in a business environment. Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be applicable to the financial industry.
  • Thorough knowledge of mortgage policies and procedures.
  • Excellent organizational and time management skills - ability to work with minimal supervision.
  • Must be dedicated to the goals and visions of the bank.
  • Intermediate skills in computer terminal and personal computer operation; mainframe computer system; word processing, spreadsheet and specialty software programs.
  • Exceptional verbal, written and interpersonal communication skills with the ability to apply common sense to carry out instructions and instruct others, train personnel, write reports, correspondence and procedures, speak clearly to customers and employees.
  • Must be able to effectively communicate with all levels of bank personnel.
  • Must be detail oriented, while being versatile and able to multi-task. Physical Demands/Work Environment: Vision, hearing, speech, dexterity, visual concentration. A valid driver's license is required. Must have the ability to stand, walk, sit and use hands and fingers. Must have the ability to work the hours and days required to complete the essential functions of the position, as scheduled. The environment is a professional office with standard office equipment. Cognitive Requirements: Learning, thinking, concentration, ability to exercise self-control, ability to work in a customer relations' environment. Must be able to pay close attention to detail and be able to work as a member of a team. Must have the ability to interact effectively with co-workers and customers, and exercise self-control and diplomacy in customer and employee relations' situations. Must have the ability to exercise discretion as well as appropriate judgments when necessary. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. PI175527278

Keywords: First Bank, Greensboro , Mortgage Loan Accting Rpt & Admin Specialist, Other , Greensboro, North Carolina