Funding Reconciliation Clerk

Responsible for clerical and basic accounting support for mortgage funding activities. Responsible for ordering and inventory of office supplies. Verifies wire information between Title Company and closing. Orders and posts funding general ledger information. Researches and resolves funding errors and reconciles loans. Processes related checks, journals, collections, accounts receivable, and accounts payable.

Notifies parties of errors and account problems and resolves them promptly and courteously. Responsible for analyzing and reconciling detailed Mortgage general ledger accounts as assigned. Keeps records and accounts accurate and current. Researches and resolves discrepancies and accounting errors. Provides assistance as required. Performs related miscellaneous clerical duties as required.

1. Assumes responsibility for accurately and promptly performing basic accounting functions related to Mortgage Funding

a.   Completes accurate computer posting of all information for correct accounting downloads and monthly General Ledger reconciliation.

b. Researches and resolves funding errors.

c. Reconciles closed loans and resolves errors including incorrect payments, escrows, secondary marketing, and closing/funding errors.

d. Completes MORNET/CLAS online transactions transferring UFMIP/VAFF funds to Mellon Bank. Posts and balances funds on the teller terminal and retrieves and reconciles account information.

e. Orders VA and FHA case numbers.

f. Reviews denied and canceled loans for government and HMDA compliance. Prepares refunds or notifies Mortgage Operations Manager of upfront fee losses. Inputs computer information, prepares Adverse Action notification, and prepares files for imaging.

g. Completes title company funding, orders wire transfer from savings and notifies the Title Company of recording authorization.

h. Reviews source documents and records daily transactions.

i. Balances and posts daily wire, checks and journal transactions.

j. Prepares, reviews and distribute monthly reporting for all closed loans and cancelled/denied loans.

k. Reconcile and approve all vendor invoices including appraisals, credit reports, flood certifications, trust reviews, pest inspections, title fees, etc.

l. Orders and inventories department office supplies.

1. Assumes responsibility for the accurate performance of collections/accounts receivable and accounts payable functions/

a. Processes collections and accounts receivables.

b. Researches vendor errors and problems and notifies all involved parties. Resolves past due accounts.

c. Researches, reconciles, and processes invoices from title companies, credit bureaus, appraisers and insurance companies, cancellations, miscellaneous fees, overpayments, claims of non-receipt, and past due invoices.

d. Posts information to computer records and checks for accurate General Ledger downloads.

e. Authorizes vendor payments and maintains all related records.

f. Inventories, orders, and reconciles billings for all departmental supplies weekly.

g. Performs monthly general ledger balancing functions.

h. Completes reports, records and documents in accordance with established policies and procedures.

Training/Education/Certification:

• High School graduate or equivalent
• Additional accounting coursework preferred

Required Knowledge:

• Knowledge of funding policies and procedures
• Basic understanding of accounting principles

 Experience Required:

• Previous experience in a full service financial institution helpful

Skills/Abilities:

• Excellent organizational skills and attention to detail.
• Good communication and public relations abilities.
• Solid math skills.
• Able to use computer applications, 10-key, and related business equipment.