Cash Management Specialist
Company: Planet Home Lending
Location: Meriden
Posted on: May 4, 2022
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Job Description:
Job Description Business is Booming Planet Home Lending, LLC, is
a privately held, full-service, national mortgage lender and
servicer company. Planet is FNMA and FHLMC approved and sells
through the Retail and Correspondent Channels, offering FHA, VA,
Conventional, USDA and many other products. Planet Home Lending
continues to reach month over month sales and servicing increases
Come join us Job Summary The Cash Management Specialist is
responsible for processing all funds to the servicing system. This
includes daily balancing of the servicing system and reconciliation
of all loan funds received. The cash management specialist is also
responsible for bank deposits, check printing, corporate advance
processing, reversals, claim funds processing and final loan
reconciliation. All funds are processed in accordance with internal
policies and procedures, investor requirements and state and
federal laws. Essential Duties and Responsibilities Ensures all
funds received are processed to the servicing system timely and
accurately including but not limited to mail received, lockbox
exceptions, wires, hardest hit funds, liquidation/payoff funds,
claim funds, escrow funds, modification funds and task requests.
Ensures all funds are properly effective dated and processed in
accordance with investor guidelines, state and federal law and
internal policies and procedures. Monitors suspense balances and
works with servicing departments to ensure funds received are
processed timely and per internal procedures and investor
requirements. Performs daily reconciliation of the payments
processed to the cash received. Accurately completes the daily
deposit to the servicing deposit account. Completes daily system
balancing of the Servicing system including reconciliation of
escrow and remittance checks, daily logging and clearing of the
physical bank account. Processes check returns and payment
reversals promptly and accurately, ensuring that the servicing
system is properly noted and appropriate notifications are sent to
borrowers. Processes all cash management task and research items
accurately and updates the servicing system and system notes as
appropriate. Completes the processing of all corporate advance
transactions to ensure compliance with investor requirements and
internal policies and procedures. Completes the final
reconciliation process for outstanding balances on all zero balance
loans in compliance with investor and internal policy and
procedure. Promptly scans daily work to the imaging system.
Miscellaneous duties as assigned. Position Requirements Education
High school diploma or equivalent required Experience Previous loan
servicing experience in payment processing or accounting preferable
Functional/Technical Skills Strong written and verbal communication
skills Ability to problem solve and research issues when needed
Displays strong organizational skills, attention to detail, and
ability to handle multiple priorities Effectively manages time and
meets deadlines Possesses strong mathematical skills Ability to
analyze and interpret data Works well in a fast-paced, team
environment Environmental/Physical Demands Standard office
environment unless otherwise stated. Benefits: Our benefits package
includes 3 comprehensive Cigna or Kaiser medical plans, dental, and
vision insurance. We provide short term and long-term disability
insurance, basic life insurance, 401(k), and 10 employer paid
holidays. In addition, we offer supplemental benefits to include
life insurance, critical illness and accident plans. Company
Description Business is Booming Planet Home Lending, LLC, is a
privately held, full-service, national mortgage lender and servicer
company. Planet is FNMA and FHLMC approved and sells through the
Retail and Correspondent Channels, offering FHA, VA, Conventional,
USDA, Jumbo, Non QM, and many other products. Planet Home Lending
continues to reach month over month sales and servicing increases
Come join us
Keywords: Planet Home Lending, Meriden , Cash Management Specialist, Executive , Meriden, Connecticut
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