Assistant Mortgage Servicer

Ullico, Inc., one of the nation’s largest sources for real estate first mortgage financing, is actively recruiting an Assistant Mortgage Servicer to join a group that manages a $4.4 billion portfolio. Ullico’s Real Estate Debt Group offers construction and permanent debt financing for commercial real estate. This position is located at our Bethesda, MD office.

Job Duties

• Enter data relative to new loans into computer system. Check entry for accuracy and completeness.
• Obtain all related source documents from Treasury and other contributing parties. Process daily transactions to the loan system. Research and resolve missing payments. Monitor all payment activity.
• Obtain daily SOFR rates from Global Benchmark Administrator and the Wall Street Journal and input into the LMS Loan Servicing System. Follow up for second check sign off.
• Generate Accrual General Ledger Entries for the REIG Department (Delinquent and Pre-Paid loans).
• Input Deposits (checks and incoming wires) into the on-line Deposit System ensuring the correct cash account is used.
• Post general Ledger Entries for Separate J, Separate W and General Accounts.
• Track incoming funds to ensure that all funds intended for the Escrow Account are promptly transferred.
• Utilizing an Excel spreadsheet(s), balance required GL accounts daily to the Company Ledger. Ensure zero balances in cash accounts at month-end. Research and resolve issues related to unbalanced accounts. Ensure that month-end processing is completed accurately and on time.
• Facilitate loans, obtain information, respond to routine inquires, and resolve long-standing or complex problems by interfacing with outside vendors and representatives.
• Establish, maintain, and monitor various tickler systems for servicing functions. Obtain information and resolve issues by contacting borrowers and I or third parties.
• Coordinate and process wires for timely payment to investors and internal balancing of accounts. Request checks to pay third party invoices.
• Design and distribute scheduled and unique reports and excel spreadsheets.
• File documents and maintain servicing related binders.
• Perform other job-related duties that may be occasionally assigned.

Minimum Qualifications

• Associate’s degree in accounting or equivalent training and/or experience.
• Two years of accounting experience required with a demonstrated knowledge and application of debits, credits, assets, liabilities, income and expense functions.
• Two years’ experience with real estate operations or loan servicing preferred.
• Demonstrated knowledge of PC in Windows environment with word processing and spreadsheet software required.
• Must take company excel test at an intermediate level.
• Familiarity with terminology and I or forms of functional area preferred.
• Demonstrated written and oral communication skills.