Mortgage Payment Processing Clerk jobs in Virginia
Mortgage Payment Processing Clerk processes loan payments; inputs data to document transactions. Authorizes reports for credit, appraisals, employment, etc. Prepares and collects fees. Being a Mortgage Payment Processing Clerk may interact with collection department regarding delinquencies/non-payments. Requires a high school diploma or its equivalent. Additionally, Mortgage Payment Processing Clerk typically reports to a supervisor. The Mortgage Payment Processing Clerk possesses a moderate understanding of general aspects of the job. Works under the close direction of senior personnel in the functional area. May require 0-1 year of general work experience. (Copyright 2024 Salary.com)
Recently Added Mortgage Payment Processing Clerk jobs
Mortgage Payment/Payoff Specialist I
- Navy Federal Credit Union
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Vienna, VA
OTHER
-
Overview
To process mortgage and equity loan payments and payoffs. Respond to a large variety of member inquiries regarding mortgage and equity loan servicing via phone or online communication and ensure General Accounting remits funds to investors. Research and clear funds held in suspense. Perform daily balancing for automatic drafting and escrow suppression. Process Home Equity transactions, and reverse payments and/or fees as needed. Perform moderately complex/varied tasks.
Responsibilities- Process manual loan payments to include remitting funds, escrow payments and deposits, as well as HELOC advances
- Review, verify and balance cash receipts, debit and credit activity via automated systems
- Balance daily manual cash batches and prepare wire transfers
- Post manual payments, loan advances, adjustments and escrow transactions for mortgage and equity loans using Mortgage Servicing automated system
- Reconcile ACH debit authorizations and journal vouchers to ensure general ledger is updated, maintain registers and cancelled checks logs
- Track recurring issues/problems and communicates findings to management and review manually/system generated checks for accuracy
- Enter mortgage/equity payoffs into the system and balance payoff transactions
- Research un-posted loan payments using automated systems
- Receive/research returned checks from General Accounting to determine correct amount applied to mortgage, and reverse funds
- Prepare charge-off memoranda, itemized audit trails of errors, and discrepancy summaries with corrective action(s) taken for review by management
- Resolve discrepancies in general ledger accounts
- Receive and process funds received via check, wire, etc. to pay off mortgages from origination, attorneys, title companies and members
- Reverse loan payments, reapply corrected payments, adjust interest, etc., on mortgage and equity loans
- Determine payment check negotiability and return non-negotiable items to members
- Formulate detailed explanations to member correspondence questions
- Research/initiate reversals from members' accounts for returned drafted payments due to insufficient funds or incorrect information, advise the member of the overdrawn account
- Correct misapplied payments and process reversals to members' share and share checking accounts
- Perform other related duties as assigned
- Working knowledge of mortgage lending concepts and principles
- Working knowledge of mortgage lending requirements, regulations and procedures for VA and conventional loan programs
- Working knowledge of mortgage & equity payment/payoff functions and related servicing regulations
- Working knowledge of mortgage servicing policies and practices
- Working knowledge of Navy Federal financial and credit transaction documentation processes
- Ability to work independently and in a team environment
- Effective verbal and written communication skills
- Effective research, analytical, and problem solving skills
- Effective skill performing mathematical calculations and working accurately with numbers
- Effective skill interpreting and applying oral and written instructions
- Effective word processing and spreadsheet software skills
- Effective skill exercising initiative and using good judgment to make sound decisions
- Effective organizational, planning and time management skills
- Basic skill maintaining accuracy with attention to detail and meeting deadlines
- Effective skill examining and interpreting information quickly and accurately
- Familiarity with Navy Federal mortgage products, services, programs, policies and procedures
- Working knowledge of Navy Federal mortgage servicing system-of-record JDS0245
- Associate's Degree or equivalent training, education or experience
Required to be on site for the first few months/as long as it takes for training, will then do 1 week on site and 1 week at home hybrid.
Location: 820 Follin Lane, Vienna, VA 22180
About Us
You have goals, dreams, hobbies, and things you're passionate about—what's important to you is important to us. We're looking for people who not only want to do meaningful, challenging work, keep their skills sharp and move ahead, but who also take time for the things that matter to them—friends, family, and passions. And we're looking for team members who are passionate about our mission—making a difference in military members' and their families' lives. Together, we can make it happen. Don't take our word for it:- Military Times 2022 Best for Vets Employers
- WayUp Top 100 Internship Programs
- Forbes® 2022 The Best Employers for New Grads
- Fortune Best Workplaces for Women
- Fortune 100 Best Companies to Work For®
- Computerworld® Best Places to Work in IT
- Ripplematch Campus Forward Award - Excellence in Early Career Hiring
- Fortune Best Place to Work for Financial and Insurance Services
Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team’s discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position
Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act. - 3 Days Ago
Payment Processing Specialist - Part Time
- TTEC
-
Clifton Forge, VA
PART_TIME
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Mail Processing Clerk
- Postal Source
-
Williamsburg, VA
FULL_TIME
- POSTAL MAIL PROCESSORNo Experience Required – Paid Training Provided – Job SecurityThe Postal Service is the largest government related agency in terms of employees. The Postal Service currently emplo...
- 8 Days Ago
Mail Processing Clerk
- Postal Source
-
Winchester, VA
FULL_TIME
- POSTAL MAIL PROCESSORNo Experience Required – Paid Training Provided – Job SecurityThe Postal Service is the largest government related agency in terms of employees. The Postal Service currently emplo...
- 8 Days Ago
Mail Processing Clerk
- Postal Source
-
Charlottesville, VA
FULL_TIME
- POSTAL CLERKNo Experience Required – Paid Training Provided – Job SecurityThe Postal Service is the largest government related agency in terms of employees. The Postal Service currently employs nearly...
- Just Posted
Mail Processing Clerk
- The Millennium Group, Where Service Matters
-
Mc Lean, VA
FULL_TIME
- Now is a great time to join our growing company! The Millennium Group (TMG) is an award-winning business process outsourcing firm focused on print, mail, document scanning, reception, and related offi...
- 10 Days Ago
Mortgage Payment Processing Clerk jobs at Popular Companies
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- Hope Credit Union
-
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- 1st Tribal Lending
-
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- Modern Mortgage Financial Llc
-
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- SolomonEdwards
-
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About Virginia
Virginia (/vərˈdʒɪniə/ (listen)), officially the Commonwealth of Virginia, is a state in the Southeastern and Mid-Atlantic regions of the United States located between the Atlantic Coast and the Appalachian Mountains. Virginia is nicknamed the "Old Dominion" due to its status as the first English colonial possession established in mainland North America and "Mother of Presidents" because eight U.S. presidents were born there, more than any other state. The geography and climate of the Commonwealth are shaped by the Blue Ridge Mountains and the Chesapeake Bay, which provide habitat for much of ...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Mortgage Payment Processing Clerk jobs
$36,089 to $47,854