Cash Control Specialist I (On-site)

Newrez LLC; Coppell (TX); On-site; USD 40,000 - 55,000; Full time

Benefits offered by this job

Medical Insurance

Dental Insurance

Vision Insurance

Health Savings Account

401(k) Match

Paid Parental Leave

Tuition Reimbursement

Mortgage Loan Program

Volunteer Time Off

Matching Gifts

Job summary

Newrez LLC is looking for a Cash Control Specialist I to join our team in a dynamic banking environment. The role focuses on posting payments, processing payoffs and liquidations, and managing disbursements with attention to accuracy and compliance.

The ideal candidate has a high school diploma, 1+ years in banking or lending, and familiarity with MSP or mortgage servicing systems. Office skills and 10-key proficiency are essential for success in daily cash room tasks.

Qualifications

• High school diploma or equivalent required.
• 1+ years of banking, accounts payable, or accounts receivable experience.
• 1+ years in a lending environment is preferred.
• Experience with MSP or similar mortgage servicing systems is preferred.

Responsibilities

• General payment processing in a fast-paced environment; multi-tasking required.
• Handle incoming mail delivered to the Cash room.
• Process transactions including payoffs, payments, refunds, reversals and reapplications; handle returned payments.
• Liquidation processing including third party sales and short sales.
• Daily reconciliation of ACH payments.
• Process loan level disbursement voids.
• Perform related duties as assigned by management.

Skills

Microsoft Office

10-key by touch

Education

High school diploma or equivalent

Tools

MSP

Job description

Who We Are

At Newrez, we bring big thinkers and caring doers together to make home happen. We’re a team built on heart and hustle, united by a commitment to show up for our customers, our communities, and each other. We believe that when our people thrive, homeowners thrive - and that’s why we invest in your growth, wellbeing, and ability to make an impact.

Every day, we work to exceed the expectations of our residential mortgage borrowers and business partners through superior service, simple processes, and clear communication. We do this by empowering our employees, encouraging innovative solutions and recognizing great performance.

Primary Function

The Cash Control Specialist I is responsible for a number of cash processing-related responsibilities. Daily tasks may include posting payments, processing payoffs, liquidations, processing returned payments, loan level disbursements, working with ACH, and other various tasks and/or duties as assigned.

Principal Duties

• General payment processing responsibilities in a fast-paced environment, where multi-tasking is key to ongoing success.
• Handles incoming mail delivered to the Cash room.
• Process a variety of transactions, including but not limited to, payoffs, payments, refunds, reversals, and reapplication, and returned payments.
• Liquidation processing including third party sales, short sales, etc.
• Daily reconciliation of Automated Clearing House (ACH) payments.
• Processing loan level disbursements voids.
• Performs related duties as assigned by management.

Education and Experience Requirements

• High school diploma or equivalent, required.
• 1+ years of previous Banking, Accounts Payable, or Accounts Receivable experience.
• 1+ years of experience in a lending environment is desired.
• Experience with MSP or similar mortgage servicing systems is desired.

Knowledge, Skill, and Ability Requirements

• Current, working knowledge of the Microsoft Office suite, including Word, Excel, Access, and PowerPoint.
• Ability to accurately 10-key by touch with at least 10,000 KPH.
• Available to work over-time as requested and required by business need and communicated by your manager.
• Lifting up to 25 pounds may be required.

Additional Information:

While this description is intended to be an accurate reflection of the position’s requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.

All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Microsoft Authenticator. Employment will be contingent on this requirement.

Why Newrez

We’re a great place to work because we invest in what matters: your career, your community, your wellbeing, and your future. Our total rewards package is designed to support your whole self.

Company Benefits:

We offer benefits, programs, and perks that support you in every aspect of your life.

• Medical, dental, and vision insurance

• Health Savings Account with employer contribution

• 401(k) Retirement plan with employer match

• Paid Maternity Leave/Parental Bonding Leave/Caregiver Leave

• Adoption Assistance

• Tuition & Certification reimbursement

• Employee Mortgage Loan Program

• The Newrez Employee Emergency and Disaster Fund is a program to support our team members experiencing hardships

Newrez NOW:

Through Newrez NOW, our Corporate Social Responsibility program, you’ll have opportunities to give back, lead, and make a difference.

• 1 company-paid Volunteer Time Off day (with over 40,000 volunteer hours contributed since our inception)

• Matching Gifts Program - dollar-for-dollar up to $1,000

• Access to grants, nonprofit resources, and volunteer opportunities

• More than $6,000,000 donated since 2020

• 1 in 5 employees participates in at least one Employee Resource Group (ERG)

Equal Employment Opportunity

We’re proud to be an equal opportunity employer- and celebrate our employees’ differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.

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