Loan Servicing Unit Manager

MetaOption, LLC; El Monte (CA); On-site; USD 90,000 - 130,000; Full time

Job summary

MetaOption, LLC is seeking a Loan Servicing Unit Manager in El Monte, CA. This onsite role leads a residential loan team with some commercial activity, overseeing day-to-day operations, compliance, and performance metrics.

The candidate will drive process improvements, manage risk, and partner with multiple departments to meet regulatory standards and service levels. Strong leadership, communication, and industry knowledge are essential.

Qualifications

• Bachelor degree in Finance, Accounting, Business Administration, or Economics.
• 7+ years experience in the loan servicing industry.
• 5+ years management experience.
• Strong knowledge of loan servicing rules, regulations and compliance.
• Strong customer service skills.
• Strong analytical and problem solving abilities.
• Excellent verbal and written communication skills.
• Effective leader with strong project management skills.
• Familiarity with current best practices in the Loan Servicing Industry.
• Proficient in Microsoft Office with advanced Excel skills.

Responsibilities

• Direct management of the loan operations team(s) including hiring, coaching, training and performance reviews.
• Direct loan operations activities to meet goals and regulatory timeframes.
• Ensure compliance with federal, state, local laws and internal policies.
• Oversee risk mitigation and regulatory compliance requirements.
• Implement changes to comply with new or changed laws (BSA/BO, TRID, RESPA, SCRA, FACTA, GLBA, FDCPA, USAP, CRA).
• Review processes including third party vendor processing and audits.
• Respond to audit findings and remediate noncompliant areas.
• Process & manage loan purchase and sale activity with Treasury, Accounting, and other lines of business.
• Collaborate with units to reach SLAs and productivity KPIs.
• Provide updates and training on regulatory changes and process improvements.

Skills

Leadership

Project management

Regulatory compliance

Customer service

Analytical thinking

Verbal and written communication

Education

Bachelor's degree in Finance, Accounting, Business Admin, or Economics

Tools

FIS

BlackKnight

Synergy

Cash system

Microsoft Office / Excel

Job description

Loan Servicing Unit Manager

El Monte, CA ONSITE 5 DAYS

THIS IS A RESIDENTIAL LOAN TEAM, BUT THEY DO SOME COMMERCIAL AS WELL.

Overview

The Loan Operations Unit Manager isresponsible for the day to day management of a Loan Operations Unit including but not limited to; customer complaints and research, payment processing and other financial activities, Demands & Payoffs, Adjustable Rate Management, escrow monitoring, Insurance and Tax monitoring, post closing collateral monitoring, Construction Disbursement, Quality Assurance, Investor Reporting, etc. Oversight to all applicable regulatory compliance relative to Loan Servicing, Reconciliation and Quality Control is included in this role.

Responsibilities

• Responsible for the direct management of the loan operations team(s) including but not limited to; hiring, coaching, training, setting performance requirements and goals, developing and delivering scorecards results, metrics, key-man succession plans, and conducting performance reviews.
• Direct loan operations activities to meet established goals and appropriate turnaround time to meet regulatory requirements for time sensitive activities.
• Ensure that Loan Operations complies with all federal, state, local laws and internal Bank policies.
• Ensure Risk Mitigation in the processing of Loan Activities ensuring compliance with Business Loan Agreement, Promissory Note and Regulatory Compliance requirement
• Implement necessary changes within the Loan Servicing Unit to comply with any new or changed laws. Included in this process are: BSA/BO,TRID, RESPA, SCRA, FACTA, GLBA, FDCPA, USAP, CRA, etc.
• Perform periodic review of all processes including 3rd party vendor processing and audit of their process.
• Respond to internal and external audit request and findings and work to remediate any identified noncompliant processes or areas of concern.
• Process & Manage Loan Purchase and Sold Activity. This includes working directly with the Treasury Dept., Accounting, Leverage Lending, Syndication and other lines of business.
• Evaluate business processes and make necessary changes to daily procedures and process controls as appropriate.
• Collaborate with other business units to reach desired result on Service Level and Productivity KPI.
• Perform the Compliance and Quality Self-Assessment for teams within Loan Administration
• Provide updates and training to staff on new and upcoming regulation changes and process improvements including documented procedures.
• Implement process improvement and document all procedures for functions and activities within the Unit
• Provide guidance to System Administrator to ensure bank control has proper set up for fees, Note Type, Credit Bureau Reporting, etc. for proper reporting and servicing of loans.
• Create Management reports as requested
• May provide User Acceptance Testing on the loan System based on new products and/or processes
• Work on special projects as assigned by Manager related to the Data Accuracy and accurate compliance requirements.
• Maintain knowledge for all regulatory requirements applicable to the job, this may include and is not limited to; Bankruptcy, SCRA, FCRA, BSA/BO, etc. and ensure compliance with all applicable procedures, State and Federal laws.
• Perform all other managerial or project duties as assigned my management.

Qualifications

• Bachelor Degree in Finance, Accounting, Business Administration, or Economics.
• Minimum 7 years of experience in the loan servicing industry
• Minimum 5 years management experience
• Strong knowledge of rules, regulations and compliance requirements concerning loan servicing specific to the areas of oversight
• Strong Customer service skills required
• Strong analytical and problem solving abilities
• Excellent verbal and written communication skills
• Effective leader with strong project management skills
• Firm understanding of current best practices in the Loan Servicing Industry
• FIS, BlackKnight, Synergy, Cash system knowledge preferred
• Proficient in Microsoft Office with advanced Excel skills required
• Ability to build effective relationships as needed to effectively address issues and obstacles

Applicants must have legal authorization to work in the United States. We do not offer visa sponsorship at this time.