Position Title
Mortgage Accounts Receivable Specialist
Location
Headquarters-Troy, MI
Job Summary
The SR TPO Collections and Accounting Associate - is responsible to assist the TPO Accounts Receivable Manager with the proper accounting cycle of accounts receivable process. Adhering to standard polices reflective of the Third-Party Origination customers' requirements. He or she shall work with any and all personnel to assure timely and accurate accounting occurs and will assist in the daily operations of the Company's accounts receivable cycle through assisting management of all accounts receivable business functions and procedures for the collection process.
Job Responsibilities:
Work with the Processing Manager in planning, coordinating, reporting and problem solving, which include collections for the TPO Lending Department.
Works independently and assists mentoring TPO Collector position which includes assisting the processing manager in setting priorities for the team to ensure task completion and evaluate effectiveness of policies and procedures.
Creating invoices daily, weekly, and monthly that are received from various FSB Departments. Analyze various reports to create invoices that are TPO Lending Department's responsibility (I.E. ELP, EPD, Legal Chargeback and Final Documents). Logging, depositing checks, processing funds that were deducted from individual loans/coordinating transfer of funds, and generating accounting entries from Peoplesoft accounts receivable to clear issues.
Proper application of posting payments (Checks, JV/IBT, Wires, Funding Deductions and Credit Cards). Reviewing daily finance reports to determine if funds were deducted from either a specific loan, or via up-front pricing adjustment to be applied to up front management pricing exceptions. Coordinating with Accounting to have the funds applied properly.
Coordinating notifications to TPO lenders and sales staff via e-mail, phone and mail that include initial notifications, past due notifications, final demand notifications, and various receivable accounts to determine if it warrants to be forwarded to an outside attorney.
Support the process manager in the creation, analyzation and distribution of various daily weekly and monthly reports (ie: aging reports, commission analysis reports, and other various reports to Senior Management and to sales staff). Coordinate problem resolution with sales staff, Senior Management, and various other Flagstar departments. Analyze collection and National Sales needs to develop new policies or modify and Improve existing policies.
Ensures compliance with applicable federal, state and local laws and regulations. Completes all required compliance training. Maintains knowledge of and adhere to Flagstar's internal compliance policies and procedures. Takes responsibility to keep up to date with changing regulations and policies.
Job Requirements:
HS Diploma, GED or Foreign Equivalent
Bachelor's Degree Preferred ( Accounting /Finance )
3 years in leading accounting and process management
2 years of collection experience
Advance knowledge of excel
Mortgage experience beneficial
Excellent verbal and written communication
Internal Use Only - Job Band I-Hourly
Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
Please see job description for required skills.
