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Senior Cash Processing Representative, Default Legal Department

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POST DATE 5/30/2018
END DATE 6/22/2018

PHH Corporation Mount Laurel, NJ

Location
Mount Laurel, NJ
AJE Ref #
581974820
Job Classification
Full Time
Job Type
Regular
Company Ref #
18-0062
Experience
Mid-Career (2 - 15 years)
Education
High School Diploma or GED

JOB DESCRIPTION

Description

POSITION SUMMARY:

Collaborate with the Default Cash Processing team to reconcile all balances on mortgage loans active in Foreclosure and Bankruptcy.

ESSENTIAL FUNCTIONS AND RESPONSIBILITIES:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.

* Ensure the timely review and completion of all reinstatements and payoffs for mortgage loans in foreclosure

* Manage all payoffs for mortgage loans in bankruptcy

* Monitor the Cash Management function to ensure funds are accurately applied and the mortgage servicing system (LPS) is properly updated for all reinstatements and payoffs

* Manage invoice payments for all mortgage loans reinstated or paid off

* Collaborate with vendors and outsourcing agencies to address cash processing issues

* Perform review of suspense funds on foreclosure loans

* Process returned items, reversals, state dated check, daily suspense reconciliations and reconciliation of mortgage recoverable balances

* Perform monthly QC process for reinstatement, paid in full and loan modifications

* Monitor Cash Processing mailboxes

* Support processing cash items

* Perform ad hoc projects

* Perform research on corporate advances

* Ensure timely completion of CERT audit requests.

* Disseminate daily workload among the team

* Support training initiatives within Mortgage Default Cash Processing

Requirements

EDUCATION / EXPERIENCE

To perform this job successfully, an individual must have the following education and/or experience:

* High School Diploma or equivalent required

* Bachelor degree preferred but not required

* Minimum of two years of experience in mortgage banking and /or mortgage loan default is required

KNOWLEDGE, SKILLS, AND ABILITIES

* Strong verbal and written communication skills

* Analytical, with an ability to identify and resolve problems

* Well organized, paying close attention to detail

* Ability to manage multiple priorities in a timely manner

* Strong interpersonal skills

* Operates effectively in a team environment as well as independently

* 10 key data entry

TRAINING / LICENSING REQUIREMENTS

* Must pass PHH Corporation s Background Screening process prior to beginning employment. Additionally, as a condition of employment, you may be required to pass client-specific background check requirements or Federal/State licensing requirements, if applicable.

CORE COMPETENCIES

* Behaves as a Leadership Role Model

* Builds Strong Working Relationships

* Drives and Delivers Exceptional Results

* Customer/External Focus

* Builds and Motivates a High Performing Team (people leaders only)

TECHNOLOGY SKILLS

* Proficient with Microsoft Office products (e.g. Word, Excel, Outlook, Powerpoint, etc.)

* Proficiency with LPS Mortgage Servicing Platforms preferred

PHYSICAL DEMANDS

* NA.

OTHER REQUIREMENTS

* NA

TRAVEL / WORK SCHEDULE

* 8:30 am 5:00 pm M-F





* Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.

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