Job Description

LOAN ADMINISTRATION SPECIALIST, MIT Federal Credit Union (MITFCU), to service nationwide real estate and consumer loans.  Responsibilities include end-of-day reporting; maintaining mortgage pipeline; post-closing quality assurance; reviewing and uploading closing packages to MSS; monitoring and filing original trailing documents; ensuring loans are transferred and assigned correctly; processing daily reports, exceptions, and balances in the MSS general ledger; processing, researching, and balancing daily investor remittances; performing daily/monthly reconciliation and repairing MERS and MSS discrepancies; performing MERS PIF deactivation; generating and analyzing new loans report; processing, reviewing, and delivering loan payoff statements and processing payoff wires/checks; generating PIF real estate loans report and monthly late fees and billing statements for mortgage loans; performing quality control checks on real estate tax disbursements; monitoring CoreLogic portfolio; monitoring and processing flood, homeowner’s, private mortgage insurance, and other escrow payments; assisting  members with insurance claims; performing and reviewing annual escrow analysis; processing and researching PMI cancellation requests; processing principal payments and producing re-amortization schedule; and performing a variety of related duties.