Servicing Cash Analyst
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Job Location:
Pontiac, MI - USA
Monthly Salary:
Not Disclosed
Posted on:
17 hours ago
Vacancies:
1 Vacancy
Job Summary
The Cash Analyst is responsible for ensuring accurate and timely reconciliation of custodial and non-custodial bank accounts related to mortgage servicing. This role plays a critical part in maintaining the integrity of financial records by identifying investigating and resolving cash discrepancies related to mortgage payments investor remittances escrow transactions and other servicing activities.
WHAT YOU WILL BE DOING
Perform daily weekly and monthly reconciliations of mortgage-related bank accounts (e.g. P&I T&I suspense accounts).
Investigate and resolve variances between servicing system records and bank statements.
Collaborate with internal departments such as Accounting Treasury Investor Reporting and Loan Servicing to resolve reconciling items.
Monitor and maintain general ledger entries related to cash activities.
Ensure compliance with investor (Fannie Mae Freddie Mac FHA etc.) and regulatory requirements regarding account reconciliation.
Prepare reconciliation reports and documentation for internal audit and regulatory review.
Escalate unresolved discrepancies promptly and follow through to resolution.
Support month-end and year-end close processes by providing accurate account statuses and required documentation.
Recommend process improvements and assist in automation initiatives to improve efficiency and accuracy.
WHAT WE NEED FROM YOU
Must-Have Qualifications:
Associates or Bachelors degree in Accounting Finance or related field (or equivalent work experience)
2 years of experience in mortgage servicing or financial services with a focus on cash management or reconciliation
Strong knowledge of mortgage servicing systems (e.g. MSP LoanServ Black Knight)
Experience with bank reconciliation software and Excel (VLOOKUP pivot tables etc.)
Excellent analytical and problem-solving skills
High attention to detail and organizational skills
Strong written and verbal communication skills
Nice To Have Qualifications:
Experience with custodial account requirements for FNMA FHLMC GNMA or private investors
Familiarity with regulatory guidelines from CFPB OCC or HUD
Experience with reconciliation automation tools or scripting is a plus
THE PLACE & THE PERKS
Ready to join thousands of talented team members who are making the dream of home ownership possible for more Americans Its all happening on UWMs campus where our award-winning workplace packs plenty of perks and amenities that keep the atmosphere buzzing with energy and excitement.
Its no wonder that out of our six pillars People Are Our Greatest Asset is number one. Its at the very heart of how we treat each other our clients and our community. Whether its providing elite client service or continuously striving to improve our pillars provide a pathway to a more successful personal and professional life.
From the team member that holds a door open to the one that helps guide your career youll feel the encouragement and support on day one. No matter your race creed gender age sexual orientation and ethnicity youll be welcomed here. Accepted here. And empowered to Be You Here.
More reasons youll love working here include:
- Paid Time Off (PTO) after just 30 days
- Additional parental and maternity leave benefits after 12 months
- Adoption reimbursement program
- Paid volunteer hours
- Paid training and career development
- Medical dental vision and life insurance
- 401k with employer match
- Mortgage discount and area business discounts
- Free membership to our large state-of-the-art fitness center including exercise classes such as yoga and Zumba various sports leagues and a full-size basketball court
- Wellness area including an in-house primary-care physicians office full-time massage therapist and hair salon
- Gourmet cafeteria featuring homemade breakfast and lunch
- Convenience store featuring healthy grab-and-go snacks
- In-house Starbucks and Dunkin
- Indoor/outdoor café with Wi-Fi
DISCLAIMER
Required Experience:
IC
Key Skills
- Customer Service
- Client Expectations
- Client Requirements
- Client Support
- Action Plans
- Issue Resolution
- Account Management
- Client Relationships
- Service Delivery
- Client Service
- Client Satisfaction
- Client Management
- Procedures
- Service Level Agreements
- New Clients
About Company
United Wholesale Mortgage partners with independent mortgage brokers to help them provide unparalleled client experience, best-in-class turn times, and competitive rates
