Loan Administration Associate

Loan Administration Associate

Location: Chicago, IL

Duration: Contract

 

POSITION SUMMARY

The Loan Administration Associate is responsible for accounting support for the MPF Loan Administration Department.

ESSENTIAL DUTIES AND RESPONSIBILITIES

•             Maintain the loan accounting system for MPF transactions on a monthly basis

•             Review custodial account reconciliations

•             Review loan modifications resulting from curtailments and loss mitigation

•             Monthly remittance processes

•             Review GL and DID transactions

•             Respond to MPF Bank and audit inquiries

•             Communicate with the Bank’s accounting department, PFIs, MPF Banks, Master Servicer, auditors, and outside vendors on investor accounting and reporting issues

•             Create and maintain supporting documentation to substantiate financial transactions and account balances

•             Serve as backup for MPF Custody department

•             Support MPF Service Center

 

SOFTWARE REQUIREMENTS   

  • Proven ability using MS Excel
  • MS Access a plus

 

EXPERIENCE REQUIREMENTS            

•             Familiarity with basic mortgage documents

•             Strong customer service skills

•             Must understand various complex financial transactions, including journal vouchers, wire transfers, and loan accounting adjustments

•             Familiarity with mortgage-backed securities a plus

EDUCATION REQUIREMENTS

•             Bachelor’s degree or equivalent Mortgage Banking work experience

 

KNOWLEDGE, SKILLS, ABLILTIES, AND BEHAVIORS REQUIRED

•             Customer focused attitude

•             Independent thinker

•             Strong organizational skills

•             Professional in appearance and demeanor

•             Strong math aptitude

•             High degree of logical reasoning

•             Ability to cope with frequent interruptions and handle multiple projects simultaneously