Investor Accounting Coordinator
Investor Accounting Coordinator
Job ID: 2012-5255
Location: US-OK-Tulsa
Branch/Office: Copper Oaks
Average Hours per Week: 40
Work Schedule: M-F 8-5
Posted Date: 1/23/2012
Category: Mortgage
Interested in this job opportunity?
Apply Now! Will take about 5 minutes.
SHARE THIS JOB WITH YOUR NETWORK Job Details:
Overview:
BOK Financial is a Top-50, $24 billion regional financial services company that provides commercial and consumer banking, investment and trust services, mortgage origination and servicing, and an electronic funds transfer network. Holdings include BOKF, N.A., BOSC, Inc., Cavanal Hill Investment Management, Inc., and Southwest Trust Company, N.A. Operating divisions of BOKF, NA include Bank of Albuquerque, Bank of Arizona, Bank of Arkansas, Bank of Oklahoma, Bank of Texas, Colorado State Bank and Trust, Bank of Kansas City, and the TransFund electronic funds network. Shares of BOK Financial are traded on the NASDAQ under the symbol BOKF. For more information, visit .
BOKFs continued growth can be attributed to focusing on core objectives which include investing in top talent, maintaining diverse revenue streams and expanding its regional presence with the goal of becoming the premiere financial services provider in each of its markets.
Join us as an Investor Accounting Coordinator (Tulsa)
This position is primarily responsible for handling the essential non-accounting functions of the investor accounting department. This includes dealing with Adjustable Rate Mortgage (ARM) loans, balloon loans, reporting on various aspects of investor accounting, name change requests, and assumptions.
Responsibilities:
Process all aspects of Adjustable Rate Mortgages (ARM) to include: Audits ARM loans to ensure accuracy of contract, reviews and resolves any exceptions generated through the ARM exception report, orders letters for each contract and mails to borrower; files copies, receives and responds to questions of mortgagors regarding conversion procedures and rate changes. Retrieves and uploads ARM rate indexes in FISERV to be verified by supervisor, weekly, monthly, and quarterly. Sends quarterly compliance log to audit department.
Handles specialized loan programs, such as: Soldiers and Sailors Civil Relief Act (SSCRA), buydowns, and balloons. Processes request for SSCRA assistance, request required documentation, updates system changes, and requests reimbursement from various investors. Processes and updates system to reflect approved buydowns and balloon programs. Sends out required documentation and information to borrowers as required by investor or program.
Prepares monthly reports on positive/negative escrow amounts on paid off loans. Sends out letters for negative escrows and completes charge offs if necessary.
Responsible for various name change processes. Request specific docs from borrowers on various name change situations. Monitors and does follow-up on illegal property transfers. Requests any additional documentation required by investors if needed from mortgagor and makes appropriate changes to the system. Receives, processes, and completes full qualifying and simple assumptions as necessary. This includes gathering all required documentation required by investor and underwriters to complete assumption while following both investor and BOK Mortgage guidelines.
Handles any additional accounting and non-accounting functions required by department, this includes any special projects, reporting, and research of necessary items.
Qualifications:
Working knowledge of loan documentation regarding FHA, VA, FHLMC, FNMA, conventional and private investor guidelines
Working knowledge of PC and 10 key by touch
Ability to communicate effectively and courteously, both written and oral, to gain information from individuals/customers by asking appropriate questions.
This level of knowledge is normally acquired through completion of high school and 3+ years experience in mortgage banking.
