Investor Services Analyst II (4315) in Dallas, TX at Mr. Cooper

Date Posted: 11/4/2018

Job Snapshot

  • Employee Type:
  • Location:
    Dallas, TX
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:

Job Description

Ready to be a Cooper too? This might just be right up your alley!

The Investor Services Analyst II is responsible for the assigned monthly reporting, remitting and reconciling for investors which could include FNMA, FHLMC, GNMA, Private Securities or Special Servicing. This includes functions related to loan acquisitions, service releases, investor to investor transfers, corporate and P&I advance analysis, advance analysis, as well as timely and accurate completion of assigned special projects. Analysts are responsible for performing reconciliations and reporting to Trustees/Master Servicers, in accordance with the terms of the servicing contracts.

Essential Job Competencies

  • Conducts a thorough review of all source data for testing and boarding of new loan acquisitions.
  • Acts in the role of relationship manager to his/her counterparties, prior servicers, lines of business, offshore teams, throughout the loan acquisition process.
  • Works closely with the Agency and Private Investor teams to meet contractual obligations related to Servicing Agreements, Regulation AB, USAP and other guidelines for timely and accurate reporting, remitting, and reconciling.
  • Performs reconciliations of complex accounts (Advances) for either Agency, Private Securities, or Clearing Accounts, Service Release, including Test of Expected P&I.
  • Timely and accurately prepares and delivers test validations for Agency or Private investors.
  • Prepares cash reconciliations of new loan acquisitions, along with other related cash management functions.
  • Reconciles accounts within 30 calendar days; for items related to new loan acquisitions.
  • Clears reconciling items within 90 days from the point of identification or earlier based on investor guidelines, either through internal wires, escalations or investor adjustments.
  • Prepares wires and GL entries, as needed, to remit or clear aged items related to new loan acquisitions in a timely and accurate manner.
  • Analysts will conduct root cause analysis of issues on the most complex transfers related to boarding data and cash management.
  • Provides recommendations to resolve within Investor Services Acquisition Support area and for those up-stream processes that negatively impact agency business partners.
  • Review and approve low complexity reconciliations completed by Investor Services Analysts.
  • Performs pre and post acquisitions boarding and reconciliation functions related to Principal and Advance balances, to include updating system balances, validating boarding/release balances to the trial balance, and reconciling any variances.
  • Performs detailed loan level analysis of loan exceptions, using Excel and various workflow and servicing systems
  • Special projects as assigned.

Education/Experience Requirements:

  • Graduate of a 4-year college or university with major course work in a discipline related to the requirements of the position preferred but not required. Will consider the equivalent combination of job experience and education.
  • 3-5 years of experience in Investor Reporting/Accounting, Acquisitions, Portfolio Management or Financial Services; Background in Mortgage Servicing preferred.
  • Intermediate to expert knowledge of Microsoft Products, specifically Excel.
  • Intermediate knowledge of the following systems: LSAMS, Microsoft Access, SQL, various Agency Applications.
  • Proven ability to deliver reports that are accurate, usable, timely, consistent, and answer the appropriate questions.
  • Solid problem-solving and analysis skills that demonstrate resourcefulness and attention to detail, in both technical and non-technical settings.
  • Excellent verbal and written communication skills.

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United States of America

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Mr. Cooper

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