Acquisitions Business Analyst Mortgage
5 - 7 years experience • Real Estate
The Acquisition Business Analyst is responsible for assessing prior servicer data to ensure that loans in the mortgage servicing portfolios are boarded according to the prior servicer data. This position includes a strong emphasis on special loans, ARMs and Mods. ESSENTIAL DUTIES AND RESPONSIBILITIES: • Analyze prior servicer data files/reports to identify loan types which will need additional analysis, mapping and review. • Perform analysis of loans to ensure that all special loan products will be accounted for accurately during the loan boarding process, according to the prior servicer’s data. • Define and document preliminary data logic checks and prepare report of findings to support data mapping and review plan. • Develop and document loan boarding requirements for special products • Establish data mapping instructions for each servicer based on company defined codes • Participate in data conversion sessions with prior servicers • Perform data mapping for special products including: ARM plans, HELOC plans, Interest Calculation Options etc. • Perform pre-boarding review and comparison of loan details in the test region • Perform post-boarding review and comparison of loan details in production to ensure accuracy of boarding process, and identify instances where adjustments may need to be made. • Perform root cause analysis for boarding exceptions • Reportloan level issues identified during the review process to the business units • Maintain a log of boarding issues encountered with each servicer to be utilized for future reference.
In-depth knowledge of Black Knight’s Mortgage Servicing Package (MSP) • Comprehensive understanding of various special products, including ARMs, Bi-Weekly, Balloons, Daily Simple Interest, Interest Only, Dual Amortization, Negative Amortization and Payment Option loans. • Extensive experience with different types of loan modifications • Experience formatting loan level transactions. EDUCATION AND/OR EXPERIENCE: • Bachelordegreepreferred • High School Diplomarequired • 5+ years’ experience working in a residential servicing environment • A minimum of 3years’ experience and an expert understanding of ARM loans, Loan Modifications and SCRA loans • At least 3years’ experience data mapping