Location: OaklandFull Time Job ID: 60533 Job Posting
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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.
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Department Overview 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.
Position Summary 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 polices. 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.
20% 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% Completes monthly reconciliation of campus payroll deduction reports for expected payments and applies payroll deduction payments within the Servicing system. Prepares monthly investor reconciliation reports for approval by Management. Processes monthly invoices from vendors and submits to Business Resource Center for payment per department procedure. Prepares and submits weekly journals.
10% Utilizing the Banking system, compiles reports to determine amount needed for loan fundings and investor remittances and submits notices to Treasurer. Generates confirmation reports from Banking system after wires released. Requests original loan documents from investors for paid off loans. Prepares correspondence and surveys to new borrowers and loan histories for existing borrowers as per department guidelines. Enters survey responses into ACCESS database.
5% Manages workflow of on-going servicing and administrative tasks while managing limited competing priorities.
Experience Preferred Qualifications
Min 2 years Mortgage Loan Servicing work experience
Skills and Abilities Required Qualifications
Experience performing data entry, accounting and servicing processes.
Effective oral and written communication skills to present information in a clear and concise manner.
Skill using common desktop and web applications.
Experience in accounting, and general knowledge of mortgage loan servicing procedures.
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
Job Title Loan Servicing Analyst 2
Job Code 005667
Salary Grade Grade 18
Payscale: $70,000 - $81,000
Full Salary Range: $54,400 - $91,800
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.
This position has been approved for a hybrid work arrangement. The person hired will be required to reside in the state of California and may be asked to report to work on-site at UC's Office of the President (UCOP) located in Oakland, CA at least two days per week, subject to change.
SALARY AND BENEFITS
Salary: $70,000 - $81,000, commensurate with experience.
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 November 7, 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
As a condition of employment, you will be required to comply with the University of California Policy on Vaccination Programs, as may be amended or revised from time to time. Federal, state, or local public health directives may impose additional requirements.
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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About University of California Office of the President
The Office of the President is the systemwide headquarters of the University of California, managing its fiscal and business operations and supporting the academic and research missions across its campuses, labs and medical centers.