Servicing Accounting Specialist: Cash Reconciliation

BurnsSearch, Inc.; Texas; On-site; USD 65,000 - 85,000; Full time

Job summary

BurnsSearch, Inc. seeks a Servicing Accounting Associate to support Residential Credit and MSR business units.

The role focuses on reconciling, reviewing, and overseeing subservicers’ cash-related activities, including cash testing, flow reconciliations, and servicing transfer reconciliations. You will partner with the Trading Desk, Residential Credit, MSR Oversight, sub-servicers, and sellers to reconcile cash transfers, ensure accurate balances, and maintain robust controls across settlement

Responsibilities

• Partner with the Trading Desk, Residential Credit, MSR Oversight, sub-servicers, and sellers to identify, reconcile, and collect cash due to and from counterparties associated with bulk servicing transfers, loan sales, and portfolio acquisitions.
• Lead the reconciliation and settlement of servicing transfer balances, including principal and interest, escrow, advances, fees, suspense balances, and other transfer-related assets and liabilities to ensure accurate financial and operational onboarding.
• Review and reconcile escrow disbursements occurring prior to servicing transfer dates to ensure sellers are appropriately reimbursed and all settlement cash flows are complete, accurate, and supported by adequate documentation.
• Work directly with sub-servicers and counterparties to validate transferred balances, investigate discrepancies, and ensure servicing transfer positions accurately reflect the economic obligations and ownership records of the transferred portfolio.
• Develop and maintain reconciliation routines, settlement controls, and exception reporting to validate servicing transfer activity, identify cash breaks, and resolve outstanding balances within established timelines.
• Reconcile sub-servicer remittance activity to internal systems, transfer settlement schedules, and external investor reporting platforms, including FNMA and FHLMC systems, and coordinate resolution of differences with internal and external stakeholders.
• Evaluate systems, reconciliation tools, and operational workflows to improve transfer settlement accuracy, automate reconciliation processes, and strengthen financial controls and reporting capabilities.
• Collaborate with the Servicing Oversight team to support sub-servicer onboarding, contract implementation, transfer readiness reviews, operational due diligence, and control assessments related to servicing transfer activity.

Job description

BurnsSearch, Inc. seeks a Servicing Accounting Associate to support Residential Credit and MSR business units.

The role focuses on reconciling, reviewing, and overseeing subservicers’ cash-related activities, including cash testing, flow reconciliations, and servicing transfer reconciliations. You will partner with the Trading Desk, Residential Credit, MSR Oversight, sub-servicers, and sellers to reconcile cash transfers, ensure accurate balances, and maintain robust controls across settlement