Modification Fulfillment Specialist

🕒 May 26

🐊 Florida, Texas, +1 more states – Remote

🐊 Florida – Remote 🤠 Texas – Remote ⛷️ Utah – Remote

⏰ Full Time

🟡 Mid-level

🟠 Senior

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Selene Finance LP

WebsiteLinkedInAll Job Openings

501 - 1000 employees

Founded 2007

💸 Finance

🏠 Real Estate

Finance • Real Estate

Selene Finance LP is a specialty loan servicer renowned for its outstanding performance in managing mortgage loans. The company offers a comprehensive range of services including loan servicing, diligence services, and custom title solutions. With a strong emphasis on customer service, Selene Finance provides tailored solutions to borrowers, ensuring high levels of satisfaction. It is an Equal Housing Lender operating in several U. S. states, providing resources and expertise in the mortgage industry.

📋 Description

• Review, interpret, and validate all executed modification documents to ensure terms are complete, accurate, and compliant with investor and regulatory requirements. • Perform full financial reconciliation of loan terms, including capitalization of arrears, deferred balances, corporate advances, escrow shortages, and suspense activity. • Update MSP with all modification terms, ensuring accuracy of new principal balance, interest rate changes (fixed, step rate, ARM), payment adjustments, deferred balances, partial claim structures, maturity date changes. • Validate that system calculated payments, amortization schedules, and ARM indices align with executed modification agreements. • Process and validate modification types including standard and streamlined modifications, separate and ARM modifications, partial claims, mortgage loan deferrals, Bankruptcy cramdowns, HELOC modifications, BPL commercial modifications. • Ensure compliance with FNMA, FHLMC, FHA, VA, USDA, and portfolio investor guidelines. • Complete FHLMC settlement procedures and reporting requirements for applicable modifications. • Perform quality checks on modification data to servicing systems and investor reporting. • Research and resolve discrepancies related to loan terms, payment histories, escrow balances, and investor requirements. • Utilize intermediate Excel skills (formulas, VLOOKUP, pivot tables, macros) to analyze data, validate calculations, and prepare reconciliation reports. • Ensure all mod fulfillment activities meet required timelines and service level expectations.

🎯 Requirements

• Minimum 3 years of mortgage servicing experience, with direct exposure to loan terms, payment structures, and investor guidelines. • Minimum 2 years of MSP (Black Knight) experience, including loan setup, interpreting loan payment history, and loan term configuration. • Strong understanding of mortgage loan structures, including Fixed rate and adjustable rate mortgages (ARM functionality), separate modifications, HELOC structures, deferred balances, partial claims, corporate advance recovery rules, capitalization of arrears. • Experience with bankruptcy related modifications, including cramdowns and plan terms. • Ability to read and interpret complex mortgage documents. • Intermediate Excel proficiency, including formulas, VLOOKUP, pivot tables, and macros. • Strong analytical and reconciliation skills with high attention to detail. • Ability to work independently and manage multiple priorities in a fast paced environment.

🏖️ Benefits

• Paid Time Off (PTO) • Medical, Dental & Vision • Employee Assistance Program • Flexible Spending Account • Health Savings Account • Paid Holidays • Company paid Life Insurance • Matching 401(k) Plan