Assistant Mortgage Servicer

Ullico Inc.; Bethesda (MD); On-site; USD 56,000 - 82,000; Full time

Benefits offered by this job

Health/Dental/Vision

Pension

401K

Health Savings Account

Life Insurance

Paid Time Off

Job summary

Ullico, Inc. is looking for an Assistant Mortgage Servicer in Bethesda, MD, to join a team managing a $4.4 billion portfolio. Responsibilities include entering loan data, monitoring payment activities, and ensuring accurate account balancing.

Candidates should have an Associate’s degree in accounting and at least two years of relevant experience. The role offers a salary between $56,000 - $82,000 per year, along with health benefits and a 401K.

Qualifications

• Two years of accounting experience with knowledge of debits, credits, and financial functions.
• Experience with real estate operations or loan servicing preferred.
• Intermediate Excel skills required.

Responsibilities

• Enter and manage data related to new loans and transactions.
• Monitor payment activity and resolve discrepancies.
• Prepare and balance accounts daily using Excel spreadsheets.

Skills

Accounting principles

Excel proficiency

Communication skills

Attention to detail

Education

Associate’s degree in accounting

Tools

Microsoft Excel

Loan Servicing System

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.

Job Duties:

• 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 inquiries, 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.

Minimum 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.

$56,000 - $82,000 a year (depending on relevant experience, skills, and credentials).

Benefits:

• Health/Dental/Vision
• Pension
• 401K
• Health Savings Account
• Life Insurance
• Paid Time Off

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