Assistant Mortgage Servicer

Job description

Ullico, Inc., one of the nation’s largest sources for real estate first mortgage financing, is actively recruiting an Assistant Mortgage Servicer to join a group that manages a $4.4 billion portfolio. Ullico’s Real Estate Debt Group offers construction and permanent debt financing for commercial real estate. This position is located at our Bethesda, MD office. ### Job Duties: - Enter data relative to new loans into computer system. Check entry for accuracy and completeness. - Obtain all related source documents from Treasury and other contributing parties. Process daily transactions to the loan system. Research and resolve missing payments. Monitor all payment activity. - Obtain daily SOFR rates from Global Benchmark Administrator and the Wall Street Journal and input into the LMS Loan Servicing System. Follow up for second check sign off. - Generate Accrual General Ledger Entries for the REIG Department (Delinquent and Pre-Paid loans). - Input Deposits (checks and incoming wires) into the on-line Deposit System ensuring the correct cash account is used. - Post general Ledger Entries for Separate J, Separate W and General Accounts. - Track incoming funds to ensure that all funds intended for the Escrow Account are promptly transferred. - Utilizing an Excel spreadsheet(s), balance required GL accounts daily to the Company Ledger. Ensure zero balances in cash accounts at month-end. Research and resolve issues related to unbalanced accounts. Ensure that month-end processing is completed accurately and on time. - Facilitate loans, obtain information, respond to routine inquires, and resolve long-standing or complex problems by interfacing with outside vendors and representatives. - Establish, maintain, and monitor various tickler systems for servicing functions. Obtain information and resolve issues by contacting borrowers and I or third parties. - Coordinate and process wires for timely payment to investors and internal balancing of accounts. Request checks to pay third party invoices. - Design and distribute scheduled and unique reports and excel spreadsheets. - File documents and maintain servicing related binders. - Perform other job-related duties that may be occasionally assigned. ### Minimum Qualifications - Associate’s degree in accounting or equivalent training and/or experience. - Two years of accounting experience required with a demonstrated knowledge and application of debits, credits, assets, liabilities, income and expense functions. - Two years’ experience with real estate operations or loan servicing preferred. - Demonstrated knowledge of PC in Windows environment with word processing and spreadsheet software required. - Must take company excel test at an intermediate level. - Familiarity with terminology and I or forms of functional area preferred. - Demonstrated written and oral communication skills.