Loan Servicing Auditor

Responsible for ensuring the accuracy of all loans serviced by others, reducing the Bank risk, through monitoring the ARM, Flood and Escrow data during monthly statistical sample audits.


Essential job accountabilities:

Audits all loans designated in the sample review each month:Audit of Escrow analysis process performed by Servicers
Audit of ARM loan changes processed by ServicersAudit of MI loans to ensure proper notification is sent to customer
Evaluates all Servicers data, offering a synopsis of findings
Completes system database for tracking of Audit.
Maintains and creates management reports for instant review of risk measurements.
Communicates with Servicers of each monthly review


Evaluates insurance coverage for all loans designated in a FLOOD Zone through Servicers:Ensures Servicers have proper coverage per FEMA
Follows up with Servicer for updated coverage on expired or expiring insur!
ance


Fosters teamwork by developing and maintaining good working relationships with both internal and external customers.


Completes special projects and other duties as volunteered or assigned
REQUIREMENTS


Associates Degree in Business or equivalent experience:
2 year Mortgage Banking Experience1 year Auditing experience


Customer Service Experience


Proficient in Excel, Access Database, Word


Skills and Abilities:Working knowledge of escrow-related items (i.e.; ARM, Flood, Insurance)
Working knowledge of mortgage documents (i.e.; Hud 1, Note, CEA)
Must have good organization, planning and time management skills.
Ability to research and problem solve.
Ability to work independently and in a team environment.
Ability to work with minimal supervision/guidance.
Must have excellent analytical ability and math aptitude skills.
Strong PC knowledge.