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Corporate Advance Analyst II

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Description

This position is responsible for reconciliation of the recoverable corporate advances on all Bulk and Flow Mortgage Servicing Loan transfers from various Mortgage Banking Institutions. This position will also ensure that the reconciliation process complies with contractual obligations of the sellers and purchasers of mortgages, and complies with FMC policies as well as all regulatory guidelines, to include but not limited to, RESPA, Investor Guidelines, CFPB and applicable law. This position requires a high level of coordination with key internal Default, Loss Mitigation, Cash Operations and Corporate Accounting business partners.

Ability to comprehend terms of the Purchase and Sale Agreement (PSA), and Letters of Intent (LOI) relative to borrower recoverable, investor recoverable and third party recoverable corporate advances.

Perform pre-reconciliation review of data and reports from various servicing systems, and convert the data to formats that can be manipulated for the reconciliation process.

Perform complex analysis of corporate advance data to ensure the recoverability based on FMC policies and all regulatory guidelines.  Reconcile all recoverable corporate advances 1) from seller to what FMC agreed to board to FMC's servicing system, and 2) reconcile all corporate advances from FMC's servicing system to what purchaser agreed to reimburse.

Manage all monetary transactions to allow 1) boarding of recoverable corporate advances to FMC servicing system, and payment to seller on agreed reimbursement, and 2) removal of corporate advances from FMC servicing system and recovery from purchaser on agreed reimbursement.  

Perform an invoice reconciliation to 1) reconcile all invoices provided by sellers to recoverable corporate advances boarded to FMC's servicing system, and 2) provide invoices to purchasers to ensure recovery of all recoverable corporate advances removed from FMC's servicing system

Facilitate conference calls with Sellers and purchasers to discuss challenges in the reconciliation process as well as negotiate settlement of disagreements in the interpretation of recoverability of corporate advances based on PSA, FMC policies and regulatory guidelines.

Create business rules to provide to IT Support in order for them to have clear and concise instructions for effective and efficient implementation of automated processes.

Implement policies and procedures that follow all rules and regulations, to include but not limited to RESPA, Investor, CFPB, applicable state law and FMC internal policies.

Ability to work in an office environment as well as remote where the need arises.

Maintain regular and punctual attendance. Comply with all company policies and procedures.


Advanced Excel to include, but not limited to, v-lookup, pivot tables. logistics, cell formulation, math capabilities, data merge from one spreadsheet to another spreadsheet, etc.

Excellent analytical capabilites

Excellent comprehension skills so as to apply common sense understanding to carry out complex problems.

Ability to communicate effectively orally and in writing. Ability to present the information in a concise manner and accurately to all levels of management both internally and externally. Ability to present information for the benefit of training others.

Ability to calculate and solve for mathematical equations, and an understanding of accounting functions.

5 years experience in an advanced business analytics position. 2-3 years experience in an accounting position and/or cash management position.   

Advanced Excel
Proficient in other MS Office applications
Sagent Servicing System and/or MSP (BlackKnight Servicing System)
Imaging systems

Equal Employment Opportunity
Freedom Mortgage Corporation provides equal employment and affirmative action opportunities to all qualified individuals  without regard to race, creed, color, religion, national origin, protected veteran status, age, sex, marital status, sexual  orientation, gender identity, or non-disqualifying physical or mental handicap or disability.

Americans with Disabilities Act 
Applicants as well as employees who are or become disabled must be able to satisfactorily perform the essential job functions of the position either with or without reasonable accommodation. Applicants as well as employees are encouraged to meet with Human Resources as the organization shall review reasonable accommodations on a case-by-case basis in accordance with applicable law.

Job Responsibilities
The following statements reflect the general duties and responsibilities considered necessary to perform the essential functions of the job and should not be considered as an all-inclusive list of all the work requirements of the position. Freedom Mortgage Corporation may change the specific job duties with or without prior notice based on the needs of the organization.

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