Director, Loan Servicing Advance Facilities & Financial Reporting

Come join our amazing team!

The Director of Loan Servicing Advance Facilities and Financial Reporting will be responsible for the leadership and support of the Loan Servicing Advance Facilities and Reporting department, managing the reconciling, and reporting of advance and recovery activity of the servicing portfolio to internal and external parties. Understand the contractual requirements for loan servicing advance facilities. Manage all daily, weekly, monthly portfolio cash balancing transactions and meet mandatory advance reporting to servicing advance facilities. Perform advance facility analysis, modeling and assessments regarding servicing advance facilities and recommend appropriate actions. Perform all duties in accordance with the company’s policies and procedures, investor guidelines, all US state and federal laws and regulations, wherein the company operates. The target pay range for this position is $140,000 - $175,000 plus Annual Bonus.

What'll you do:

• Carry out management responsibilities in accordance with the organization’s policies, procedures, and applicable laws, including hiring and training employees; planning, assigning, and directing work; monitoring performance; rewarding and disciplining employees; addressing complaints; and resolving problems. 

• Oversee all loan servicing advance facilities activities to ensure timely delivery of data to investors or servicing advance facilities.

• Perform advance facility analysis, modeling, and assessments in support of corporate initiatives; make recommendations regarding servicing advance facilities actions.

• Manage all daily, weekly, and monthly portfolio cash and non-cash balancing transactions and meet regulated financial reporting; ensure activities are compliant with policies, accounting guidelines, governance policies, internal controls, and any applicable regulations. 

• Perform daily cash review of pay down advances to ensure timelines are met.

• Develop and implement processes to improve efficiency, enhance controls, and strengthen operational policies.

• Understand the contractual requirements for advance facilities and ensure adherence and compliance with these requirements.

• Conduct quality reviews of all department financial reports to ensure accuracy.

• Design, build, and implement new reporting to meet Ad Hoc and ongoing business needs.

• Review and Approve bank account reconciliation prepared each month by department staff.

• Review and approve loan servicing advance facility fundings and repay requests.

• Act as a subject matter expert for both internal and external requests regarding loan servicing advance facilities.

• Prepare and reconcile monthly servicing advances in internal and external financial reports.

• Perform other duties as assigned.

What you'll need:

• Bachelor’s degree in finance, accounting, economics and/or related field or equivalent combination of education and work experience required.

• 5+ years of financial reporting, loan servicing advance facilities, or corporate finance experience in a medium to large company required, preferably in the financial services/mortgage lending/real estate services market sector. 

• 3+ years of management experience required.

• Previous government or private investor reporting experience is a plus.

• Strong knowledge of loan servicing advance facility requirements.

• Strong Access and/or SQL skills. required

• Experience with GTreasury, Sagent, Oracle Financials preferred.

   

  Our Company:

  Carrington Mortgage Holdings is a holding company whose primary businesses include asset management, mortgages, real estate transactions and real estate logistics. Collectively, the businesses are vertically and horizontally integrated, and provide a broad range of real estate services encompassing nearly all aspects of single-family residential real estate transactions in the United States.  Guided by a leadership team with a wealth of industry experience and guided by a consistent philosophy, Carrington maintains the necessary infrastructure to ensure stability and maximize value during any market cycle. We hope you’ll consider joining our growing team of uniquely talented professionals as we transform residential real estate. To read more visit: www.carringtonhc.com.

  What We Offer:

• Comprehensive healthcare plans for you and your family. Plus, a discretionary 401(k) match of 50% of the first 4% of pay contributed.
• Access to several fitness, restaurant, retail (and more!) discounts through our employee portal.
• Customized training programs to help you advance your career.
• Employee referral bonuses so you’ll get paid to help Carrington and Vylla grow.
• Educational Reimbursement.

• Carrington Charitable Foundation contributes to the community through causes that reflect the interests of Carrington Associates. For more information about Carrington Charitable Foundation, and the organizations and programs, it supports through specific fundraising efforts, please visit: carringtoncf.org.

   

   

  California Privacy Notice:  https://oag.ca.gov/privacy/ccpa

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