Mortgage Cash & Reconciliation Analyst

Triad Financial Services Inc; Jacksonville (FL); On-site; USD 52,000 - 76,000; Full time

Job summary

Triad Financial Services Inc. is seeking a dedicated Cash and Reconciliation Specialist to support investor reporting, daily and month-end cash activity, remittance processing, advance recovery, account reconciliation, and issue escalation.

The role focuses on ensuring timely, accurate reporting and adherence to investor requirements. Responsibilities include overseeing investor-specific servicing, validating daily remittance and recovery activities, and reconciling month-end reports.

Qualifications

• Minimum of 2 years of mortgage banking experience.
• MSP experience.
• General Ledger balancing a plus.

Responsibilities

• Oversee specialty servicing for specific investor requirements.
• Validate and initiate the daily remittance and advance recovery activity.
• Review daily activity to identify exceptions before month end, including general ledger advance balancing differences.
• Monitor and report deferrals and extensions used to cure account defaults and assess their impact on investor reporting.
• Validate month-end reports, including advance calculations, remittance calculations, reconciliation of cash collections, remittances, and advances. Identify out-of-balance conditions related to investor reporting and ensure reports are submitted timely to meet contractual remittance obligations on the distribution date.
• Escalate issues and discrepancies to senior management and coordinate meetings with appropriate team members as needed.
• Review, approve, and initiate repurchases of loans that are 120 or more days delinquent from the pool.
• Facilitate REO liquidation, settle Triad advances, and return remaining funds to the reserve account. Upon cure or reinstatement, transfer the loan back into the pool, ensure all missed payments are passed through in collections, and confirm that advances are repaid to Triad.
• Obtain appropriate approvals as needed for cash movements.
• Balance investor bank accounts daily and monthly. Maintain monthly account reconciliations for audit purposes.
• Other responsibilities: Monitor all corporate advances from investor reporting to ensure balances are paid, reconciled and refunded as identified.
• Assist cash department with cash transactions as needed.

Skills

Mortgage banking experience

MSP experience

General Ledger balancing

Job description

Triad Financial Services Inc. is seeking a dedicated Cash and Reconciliation Specialist to support investor reporting, daily and month-end cash activity, remittance processing, advance recovery, account reconciliation, and issue escalation.

The role focuses on ensuring timely, accurate reporting and adherence to investor requirements. Responsibilities include overseeing investor-specific servicing, validating daily remittance and recovery activities, and reconciling month-end reports.