Retail Loan Servicing Accounting Specialist

Farmers National Bank; Canfield (OH); On-site; USD 65,000 - 90,000; Full time

Job summary

Farmers National Banc Corp. in Canfield, OH is seeking an experienced Retail Loan Servicing Accounting Specialist to ensure sold loans are reported and remitted per investor guidelines.

You will process non-routine transactions, balance GLs, and reconcile P&I and T&I custodial accounts, coordinating year-end reporting and staff training. You will review system releases, work with management on procedure changes, and monitor construction loans transitioning to permanent financing while

Qualifications

• Minimum associate degree in Accounting or related field.
• Five years’ experience in investor accounting, loan servicing or accounting with emphasis on investor guidelines and internal controls.
• Ability to read and understand loan documents including modifications and renewal requests.
• Strong exposure to Fiserv Premier system with ability to understand system specifications relating to exception processes and/or investor reporting.
• Minimum three years hands on experience with FreddieMac and/or FannieMae reporting and remittance requirement including custodial account reconciliations for management review.
• Understanding of interest accrual methods for all types of loans.
• Must possess strong organizational ability with attention to detail and ability to multi-task in a fast paced environment.
• Good verbal and written communication skills.
• Good problem solver with ability to research and communicate results.

Responsibilities

• Perform monthly reporting and remittance requirements for all investor sold loans in accordance with investor requirements.
• Review daily servicing reports to ensure GLs relating to investor reporting and remittance are in balance including advances and recoveries, in process accounts and scheduled funds due.
• Monitor investor loans for re-classification in accordance with investor requirements.
• Reconcile investor P&I and T&I custodial accounts for management’s review in accordance with specific investor guidelines.
• Process exception transactions for all consumer loan types including modifications, payment reversals, accrual adjustments, billing issues and other non-routine system issues.
• Balance department GLs on a daily or monthly basis and identify items to be cleared.
• Reconcile and process daily non-post transactions for consumer including mortgage related occurrences.
• Review system releases with management to determine specification changes upcoming to core and necessary changes to staff’s procedures.
• Work with management to determine changes to current procedures and staff training as releases are published.
• Coordinate year end reporting processes for consumer loans including corrections and necessary staff training.
• Monitor and convert construction loans from simple interest to permanent financing finalizing construction term.
• Maintain up to date procedures for investor accounting processes monitoring changes by investor for reporting, payoff remittance, recasts, MI removal, modifications and remittance of investor owned funds.
• Prepare loan boarding funding sheet for operations staff ensuring loan received is a balanced transaction.
• Set up new participation records as loans are sold moving funds to the appropriate mortgage banking GLs.
• Work with manager to set up new investors, products or class codes as necessary.
• Complete all mandatory and elective training including BSA and Anti-Money Laundering procedures.
• Regular predictable attendance is an essential requirement of this position.
• Complete all other duties as assigned.

Skills

Attention to detail

Verbal communication

Written communication

Team oriented

Problem solving

Multi-tasking

Organizational skills

Education

Associate degree in Accounting

Bachelor’s degree in Accounting or related field

Tools

Fiserv Premier

Job description

Retail Loan Servicing Accounting Specialist

Job Category : Loan Servicing

Requisition Number : RETAI002363

• Posted : September 10, 2026
• Full-Time
• On-site

Locations

Showing 1 location

Canfield Main Office
Canfield, OH 44406, USA

Description

SUMMARY:Responsible for ensuring all sold loans are reported and remitted in accordance with appropriate investor guidelines. Process exception transactions for consumer loan types specifically for modifications, renewals, payment reversals, accrual adjustments, billing issues and other non-routine system issues. Review system releases working with management to determine specification changes, changes upcoming to core and necessary changes to staff’s procedures. Balance daily and/or monthly department GLs working with staff to identify items to be cleared. Reconcile investor Principle & Interest (P&I) and Taxes & Insurance (T&I) custodial accounts for management’s review in accordance with specific investor guidelines. Reconcile and process daily consumer and mortgage non-post transactions. Coordinate year end reporting processes for consumer loans including corrections and necessary staff training.

ESSENTIAL DUTIES and RESPONSIBILITIESinclude, but are not limited to the following:

• Perform monthly reporting and remittance requirements for all investor sold loans in accordance with investor requirements. This involves calculating all error amounts and conducting analysis of how and why error(s) occurred, and creating resolution to prevent future errors of the same nature
• Review daily servicing reports to ensure GLs relating to investor reporting and remittance are in balance including advances and recoveries, in process accounts and scheduled funds due
• Monitor investor loans for re-classification in accordance with investor requirements
• Reconcile investor P&I and T&I custodial accounts for management’s review in accordance with specific investor guidelines
• Process exception transactions for all consumer loan types specifically for modifications, payment reversals, accrual adjustments, billing issues and other non-routine system issues
• Balance department GLs on a daily or monthly basis working with staff to identify items to be cleared
• Reconcile and process daily non post transaction for consumer including mortgage related occurrences
• Review system releases working with management to determine specification changes upcoming to core and necessary changes to staff’s procedures
• Work with management to determine changes to current procedures identifying staff training necessary as releases are published
• Identify and research non-routine transactional occurrences providing resolution and correction as warranted
• Coordinate year end reporting processes for consumer loans including corrections and necessary staff training
• Monitor and convert construction loans from simple interest to permanent financing finalizing construction term
• Maintain up to date procedures for investor accounting processes monitoring changes by investor for the areas of reporting, payoff remittance, recasts, MI removal, modifications and remittance of investor owned funds
• Prepare loan boarding funding sheet for operations staff ensuring loan received is a balanced transaction
• Set up new participation records as loans are sold moving funds to the appropriate mortgage banking GLs
• Work with manager to set up new investors, products or class codes as necessary
• Complete all mandatory and elective training including BSA and Anti-Money Laundering procedures. Maintain compliance with all appropriate rules and regulations
• Regular predictable attendance is an essential requirement of this position
• Complete all other duties as assigned

EDUCATION AND/OR EXPERIENCE:

• Minimum associate degree in a related field or five (5) years’ experience in a similar lending work environment in lieu of degree
• Direct five (5) years’ experience in an investor accounting, loan servicing or accounting department with an emphasis on investor guidelines and internal controls
• Ability to read and understand loan documents including modifications, renewal requests etc.
• Strong exposure to Fiserv Premier system with ability to understand system specifications relating to exception processes and/or investor reporting
• Minimum three (3) years hands on experience with FreddieMac and/or FannieMae reporting and remittance requirement including custodial account reconciliations for management review
• Understanding of interest accrual methods for all types of loans
• Must process a strong organizational ability with attention to detail with ability to multi task in a fast paced environment
• Good verbal and written communication skills
• Good problem solver with ability to research and communicate results
• Team oriented with demonstrated effort to assist other department staff during peak work flow

E-Verify is used to confirm the identity and employment eligibility of all newly hired employees.

Farmers National Banc Corp. is anEqual Opportunity Employer: disability/veteran

Preferred

Accounting

Intermediate

Loan Servicing

Some Knowledge

Education

Required

Associates or better in Accounting or related field.

Preferred

Bachelors or better in Accounting or related field.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.