Location: OaklandFull Time Job ID: 55189 Job Posting
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Position Base: Oakland Location: UCOP - Franklin Building
UC OFFICE OF THE PRESIDENT
At the University of California (UC), your contributions make a difference. A world leader producing Nobel and Pulitzer prize recipients with over 150 years of groundbreaking research transforming the world. Choose a career where you can leverage your knowledge, skills and aspirations to inspire and support some of the greatest minds in the world, and those who will follow in their footsteps. Working at the University of California is being part of a unique institution, and a vibrant and diverse community. At the University of California, Office of the President, we propel our mission through impactful work locally, in government centers and systemwide. We are passionate people, serving the greater good.
The University of California, one of the largest and most acclaimed institutions of higher learning in the world, is dedicated to excellence in teaching, research and public service. The University of California Office of the President is the headquarters to the 10 campuses, six academic medical centers and three national laboratories and enrolls premier students from California, the nation and the world. Learn more about the UC Office of the President
The Office of Loan Programs designs, delivers and manages housing assistance programs for the recruitment and retention of faculty and senior managers in support of the education, research and public service missions of the University of California. We strive to maintain superior customer satisfaction by providing timely, accurate and cost-effective mortgage products, researching new product alternatives and evaluating industry processes and changes to continually improve delivery of services.
The Loan Servicing Analyst 2 will work within the Office of Loan Programs, reporting directly to the Loan Servicing Manager. The Loan Servicing Analyst 2 uses developing knowledge of loan accounting and servicing procedures to complete the on-going servicing functions for mortgage loans made under the Mortgage Origination, Graduated Payment, Interest Only, and Supplemental Home Loan Programs. Applies applicable policies and procedures to complete a variety of tasks including performing mortgage loan accounting for existing loans on behalf of the University and outside investors, data entry into the Servicing system, data collection and assembly, and preparing reports to meet internal reporting requirements. Works on loan servicing processes of limited to moderate scope where analysis of data requires a review of a variety of factors. This position is an 'Assigned Employee' as defined in The University of California Home Loan Program Corporation Services Agreement (Services Agreement) dated February 1, 2014, by and between the Regents of the University of California and the University of California Home Loan Program Corporation (Corporation), a California non-profit public benefit corporation. The Corporation was formed to assume the residential lending activities of the Office of Loan Programs.
30% Performs daily entry of hazard insurance policies into the Servicing system, verifies adequate coverage is in place according to requirements. Performs timely follow-up on expiring and canceled policies. Completes monthly audit of expiring policies and makes recommendations for actions to be taken to resolve lapsed policies. Prepares correspondence to borrowers in a professional and timely manner.
25% Bridges over and activates new mortgage loans into the Servicing system. Analyzes reports from the Loan Origination system and enters financial data from the report into the system for each loan. Reconciles settlement statements and enters into the Servicing system.
25% Prepares loan payoff analysis upon notification of pending payoff. Prepares reconveyance documents timely upon payoff and completes audit, storage, mailing and tracking of paid off loan file documents.
10% Compiles payroll deduction authorizations forms for processing by management. Gathers data and analyzes reports to complete monthly allocation report to Management to determine available loan resources by campus. Gathers data to update monthly Resale Indices report and submits to management for posting to the website.
5% Performs property tax collection procedures according to University guidelines. Analyzes tax delinquency reports from vendor and notifies borrowers of delinquencies to ensure payment of taxes. Performs timely follow up with borrowers regarding payment delinquencies. Prepares quarterly report to management for outstanding taxes.
5% Manages workflow of on-going servicing and administrative tasks while managing competing priorities.
Minimum of 2 years of mortgage Loan Servicing work experience preferred
Skills and Abilities Required Qualifications
Skill using common desktop and web applications.
Effective oral and written communication skills to present information in a clear and concise manner.
Experience in accounting, and general knowledge of mortgage loan servicing procedures.
Experience performing data entry, accounting and servicing processes.
Familiarity with mortgage industry loan servicing systems preferred.
Familiarity with institutional lending, and FNMA / FHLMC secondary market practices and procedures.
Education Required Qualifications
Bachelor's degree in related area and / or equivalent experience / training
This position has been approved for a hybrid work arrangement and will be required to report to work onsite in Oakland, CA at least 2 days per week (Tuesday and Wednesday).
The University of California, Office of the President, is required to provide a reasonable estimate of the compensation range for this role. This range takes into account the wide range of factors that are considered in making compensation decisions including but not limited to experience, skills, knowledge, abilities, education, licensure and certifications, and other business and organizational needs. It is not typical for an individual to be offered a salary at or near the top of the range for a position. Salary offers are determined based on final candidate qualifications and experience. The full salary range shows the growth potential for this position and the pay scale is the budgeted salary or hourly range that the University reasonably expects to pay for this position.
Benefits: For information on the comprehensive benefits package offered by the University visit: Benefits of Belonging
HOW TO APPLY
Please be prepared to attach a cover letter and resume with your application.
APPLICATION REVIEW DATE
The first review date for this job is July 13, 2023. The position will be open until filled.
Smoke Free Work Environment: The University of California, Office of the President, is smoke & tobacco-free as of January 1, 2014. UC Smoke & Tobacco Free Policy
August 2021 Update: The University of California has issued a policy requiring employees to be fully vaccinated against COVID -19 before physically accessing the University location or programs. Upon hire into a UCOP position, you will be provided detailed instructions on how to comply with this policy including access to the COVID vaccination at no cost. New hires to UCOP who work onsite or will come onsite for any activities at a UCOP or other UC location must comply with this policy within 8 weeks after their start date. The policy allows for employees to request approval for an exception or deferral. UC COVID-19 Vaccine Policy
The University of California, Office of the President, is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age or protected veteran status. EEO/AA Employer UC Nondiscrimination Policy
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The UCPath Center is the transactional hub for human resources, payroll, benefits, general ledger, workforce administration and academic processes across the entire University of California system.Located in Riverside, California, the UCPath Center will serve more than 200,000 employees from each UC campus and medical center as well as vendors, location administrators, and policy makers from the University of California Office of the President.