Assistant Mortgage Servicer

ullico inc.; Bethesda (MD); On-site; USD 50,000 - 70,000; Full time

Benefits offered by this job

Health/Dental/Vision

Pension

401(k)

Health Savings Account

Life Insurance

Paid Time Off

Job summary

Ullico Inc. is seeking an Assistant Mortgage Servicer to join our Bethesda, MD office. This role involves managing a $4.4 billion portfolio by entering loan data, processing transactions, and ensuring accurate account management. Ideal candidates will have an Associate’s degree, two years of accounting experience, and proficiency in Excel.

The position offers a competitive salary and benefits, including health, dental, vision, and retirement plans. Join us in this vital role within our Real Estate Debt Group.

Qualifications

• 2 years of accounting experience with knowledge of debits and credits.
• Familiarity with real estate operations or loan servicing is preferred.
• Intermediate Excel skills required.

Responsibilities

• Input data for new loans and ensure accuracy.
• Obtain source documents and process payments.
• Monitor payment activity and manage escrow accounts.
• Balance GL accounts and address discrepancies.

Skills

Accounting principles application

Excel proficiency

Communication skills

Problem-solving

Education

Associate’s degree in accounting or equivalent

Tools

Loan Servicing System

Microsoft Excel

Job description

Ullico, Inc., one of the nation’s largest sources for real estate first mortgage financing, is actively recruiting an Assistant Mortgage Servicer to join a group that manages a $4.4 billion portfolio. Ullico’s Real Estate Debt Group offers construction and permanent debt financing for commercial real estate. This position is located at our Bethesda, MD office.

Responsibilities

• Enter data relative to new loans into computer system. Check entry for accuracy and completeness.
• Obtain all related source documents from Treasury and other contributing parties. Process daily transactions to the loan system. Research and resolve missing payments. Monitor all payment activity.
• Obtain daily SOFR rates from Global Benchmark Administrator and the Wall Street Journal and input into the LMS Loan Servicing System. Follow up for second check sign off.
• Generate Accrual General Ledger Entries for the REIG Department (Delinquent and Pre-Paid loans).
• Input Deposits (checks and incoming wires) into the on-line Deposit System ensuring the correct cash account is used.
• Post general Ledger Entries for Separate J, Separate W and General Accounts.
• Track incoming funds to ensure that all funds intended for the Escrow Account are promptly transferred.
• Utilizing an Excel spreadsheet(s), balance required GL accounts daily to the Company Ledger. Ensure zero balances in cash accounts at month-end. Research and resolve issues related to unbalanced accounts. Ensure that month-end processing is completed accurately and on time.
• Facilitate loans, obtain information, respond to routine inquires, and resolve long-standing or complex problems by interfacing with outside vendors and representatives.
• Establish, maintain, and monitor various tickler systems for servicing functions. Obtain information and resolve issues by contacting borrowers and I or third parties.
• Coordinate and process wires for timely payment to investors and internal balancing of accounts. Request checks to pay third party invoices.
• Design and distribute scheduled and unique reports and excel spreadsheets.
• File documents and maintain servicing related binders.
• Perform other job-related duties that may be occasionally assigned.

Qualifications

• Associate’s degree in accounting or equivalent training and/or experience.
• Two years of accounting experience required with a demonstrated knowledge and application of debits, credits, assets, liabilities, income and expense functions.
• Two years’ experience with real estate operations or loan servicing preferred.
• Demonstrated knowledge of PC in Windows environment with word processing and spreadsheet software required.
• Must take company excel test at an intermediate level.
• Familiarity with terminology and I or forms of functional area preferred.
• Demonstrated written and oral communication skills.

Benefits

We offer a competitive starting salary and an outstanding benefits package including:

• Health/Dental/Vision
• Pension
• 401(k)
• Health Savings Account
• Life Insurance
• Paid Time Off

Ullico is an Equal Opportunity Employer. This organization participates in E-Verify.