About the role
Selene Holdings is a multiple-lines business financial services firm with a mortgage servicing company, a loan diligence company, a title company, an insurance brokerage, and a real estate owned company. We have office locations in Dallas, TX, Jacksonville, FL, and Salt Lake City, UT. Founded in 2007 to address needs in the mortgage industry, Selene strives to provide amazing client and borrower experiences. A positive attitude coupled with proven creative thinking and actions are all attributes we seek in every one of our employees. If you want to make a difference, then Selene is the place for you!
The Modification Fulfillment Specialistis responsible forinterpreting,validating, and executing all mortgage loan modification agreementsin accordance withinvestor, regulatory, and internal servicing requirements. This role ensuresaccuratesystem updates, quality control reviews, and compliance with all GSE andnonGSEmodification programs. The Specialist will work closely with Loss Mitigation, Bankruptcy, Cash, Investor Reporting, and Quality Control teams to ensuretimelyandaccuratefulfillment of all modification types, including complex structures such asseparatemodifications, ARM modifications, partial claims, deferrals, and bankruptcy cramdowns.
Key Responsibilities
Review, interpret, andvalidateall executed modification documents to ensure terms are complete,accurate, and compliant withinvestorand 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 ofnew principal balance, interest rate changes (fixed,steprate, ARM), payment adjustments, deferred balances, partial claim structures,maturity date changes
Validate thatsystem calculatedpayments, amortization schedules, and ARM indices align with executed modification agreements.
Process andvalidatemodification types including standard and streamlined modifications,separateandARM modifications, partial claims, mortgage loan deferrals, Bankruptcy cramdowns, HELOC modifications, BPL commercial modifications.
Ensure compliance withFNMA,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,validatecalculations, and prepare reconciliation reports.
Ensure all mod fulfillment activities meetrequiredtimelines andservice levelexpectations.
Required Qualifications
Minimum 3 years of mortgage servicing experience, with direct exposure to loan terms, payment structures, and investor guidelines.
Minimum2years 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 andadjustable ratemortgages (ARM functionality),separatemodifications, HELOC structures, deferred balances, partial claims, corporate advance recovery rules, capitalization of arrears
Experience withbankruptcy relatedmodifications, including cramdowns and plan terms.
Ability to read and interpret complexmortgagedocuments.
Intermediate Excelproficiency, 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 afast pacedenvironment.
Excellent written and verbal communication skills.
Preferred Qualifications
Experience with FHA, VA, USDA, and portfolio investor modification programs.
Working knowledge of FHLMC settlement procedures and GSE modification requirements.
Experience with BPL commercial loan structures.
Prior experience in Loss Mitigation, Investor Reporting, or Cash Reconciliation.
Familiarity with CFPB, FCRA, andstate levelservicing regulations.
Why Selene?
Benefits
Selene Finance LP is committed to the total wellbeing of its employees and therefore offers one of the best benefits packages available in the industry today, which includes:
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
The job requirements listed above are representative of the knowledge, skills, and/or abilities required. This job description is not an inclusive list of all duties and responsibilities of this position. Incumbents will be required to follow any other job-related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments. Selene reserves the right to amend and change responsibilities to meet business and organizational needs.
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Originally posted on Himalayas