Mortgage Servicing Specialist

State of Washington$104K — $142K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Minimum 3 years experience in servicing or subserving oversight with Fannie Mae, Freddie Mac, Ginnie Mae, and HUD.
  • Thorough understanding of agency and investor servicing requirements.
  • Experience in quality control processes for Fannie Mae, Freddie Mac, and HUD guidelines.
  • Proficient in Excel and other computer skills.
  • Strong commitment to personal growth in government processes and technical skills.
  • Collaborative mindset with a focus on customer service and diverse backgrounds.

Responsibilities

  • Review and assign monthly servicing audit reports from the sub-servicer.
  • Conduct audits related to mortgage servicing.
  • Collaborate with sub-servicers to address audit issues and create improvement action plans.
  • Prepare and analyze quality control dashboards for Participating Lenders.
  • Audit various loan transactions and summarize findings in reports.
  • Initiate vendor oversight processes and evaluate risk ratings.
  • Assist with special projects as directed by management.

Benefits

  • Comprehensive family medical, dental, life, and long-term disability coverage.
  • State retirement plan and deferred compensation options.
  • 12 paid holidays along with paid vacation, sick, and military leave.
  • Subsidized transportation passes for bus, train, or ferry travel.
  • Flexible scheduling options and telecommuting opportunities.
Full Job Description
Salary: $8,731.00 - $11,853.00 Monthly
Location : King County - Seattle - Downtown Business, WA
Job Type: Full Time - Permanent
Remote Employment: Flexible/Hybrid
Job Number:
Department: Housing Finance Commission
Opening Date: 08/07/2026

Description
**In addition to the salary posted above, this position is currently receiving an additional 5% premium pay due to the position being in King County.

The Washington State Housing Finance Commission (WSHFC) is currently recruiting for a full-time, permanent Mortgage Servicing Specialist position in the Homeownership Division.

The Homeownership Division administers all homeownership and homebuyer education programs. This Division is one of five divisions within the Washington State Housing Finance Commission. This position reports to the Loan Servicing Administrator of the Homeownership Division.

The Mortgage Servicing Specialist administers several aspects of sub servicing oversight for Single Family Homeownership Programs. This position will provide input for review and updates to subservicing oversight policies and the implementation of quality monitoring procedures and reporting. The Mortgage Servicing Specialist manages day to day servicing oversight activities of the Commission's first and second mortgage portfolio. Plan, lead, organize, and control the work performed by our subserving vendors, our organization, work unit, or program. Responsible for managing and analyzing a large volume of detailed information while maintaining a broad perspective of continued improvement of business practices and systems. The Mortgage Servicing Specialist helps develop policies and procedures which support the agency's goals and strategic plan and assure appropriate and optimum use of the agency's resources.

The duty station for this position is Seattle, WA. The work associated with this position will be performed through a combination of teleworking and complemented with on-site work and meetings as needed. Employees are required to work in the Seattle office at least once a week and may need to come in more frequently based on Division needs. Employees must reside in Washington state and within a reasonable distance of our worksite to respond to workplace reporting requirements.

Duties
Principal Responsibilities:
  • Review and assign monthly servicing audit report data from sub-servicer
  • Conduct servicing audits.
  • Follow up with sub-servicer monthly to resolve audit findings and create action plans for improvement.
  • Review Monthly Servicing and Quality Control Dashboards from sub-servicer.
  • Create monthly servicing and quality control dashboards for Participating Lenders.
  • Report data and outcomes to management.
  • Review monthly MERs reports and identify rejection trends for root causing.
  • Monthly audit TOB & TOS transactions, Paid in Full, modified loans, foreclosed loans, bankruptcy, and deactivations.
  • Assist in preparing the MERs Annual Report.
  • Back up MERs Administrator duties when required.
  • Initiate annual vendor oversight process, review risk rating, send out requests for documents.
  • Review requested documentation and rate responses according to matrix analyzing according to risk rating.
  • Participate in the creation of and update quarterly vendor performance dashboard.
  • Audit monthly portfolio summary reports and accounting reports.
  • Assist with resolution for outstanding monthly remittance, trail, advances and payoff reports.
  • Complete special projects as assigned by management.

Qualifications
We are most interested in candidates who meet or exceed the following criteria:
  • Proficiency and extensive knowledge of servicing or subserving oversight experience with Fannie Mae, Freddie Mac, Ginnie Mae, and HUD (Mandatory requirement of at least 3 years of experience)
  • Demonstrated understanding of agency and investor servicing requirements.
  • Demonstrated experience with Fannie Mae, Freddie Mac, and HUD servicing requirements and quality control processes
  • Skilled in quality control in accordance with Fannie Mae, Freddie Mac, and Ginnie Mae guidelines
  • Strong computer skills, especially Excel
  • Ability to take action to learn and grow: Takes responsibility for increasing skills in new technologies and skills to make government programs and processes more efficient and effective to serve all Washingtonians.
  • Ability to take action to meet the needs of others: collaborating across diverse backgrounds and customer-service focused, while demonstrating a willingness and ability to empathetically respond to the unique needs of the people they work with and serve.

Desirable Skills:
  • Working knowledge of the Commission's loan program and down payment assistance programs

A combination of skills, abilities, experience, and education may be substituted to demonstrate that you are qualified for this position. If you don't meet all the qualifications, we still encourage you to apply. We value diverse experiences and perspectives, and you may have skills that are a great match for our team.

Supplemental Information
Benefits:

We offer a generous benefits package that includes a full array of family medical, dental, life and long-term disability insurance coverage; a state retirement plan; deferred compensation; 12 paid holidays; paid vacation, sick and military leave; subsidized bus, train, or ferry passes; credit union memberships; alternate workweek schedules, and telecommuting.

The hiring range for this position is $8,731 to $10,272 Monthly. However, the full salary range for this position is $8,731 to $11,853 Monthly. We may go higher based on the following: experience, internal equity, and market. Salary is negotiable.

Application Procedures:

Applicants who meet the qualifications are asked to submit all the following items to be considered for this position:
  • Completed NEOGOV online application.
  • Cover letter describing how your skills and experience align with the stated job responsibilities and qualifications.
  • List of three or more professional references (all references must be current and/or former supervisors),
  • Current resume indicating relevant experience, knowledge, skills, and education.

Web Site:

Applicants are encouraged to apply as soon as possible. The recruitment process will remain open until filled. First review of applications is August 21, 2026.

Please include your name and preferred pronouns in your application to ensure we address you appropriately throughout the application process.

To qualify and receive veteran's preference, you must attach a copy of the discharge, DD214 or NGB Form 22, with your application materials.

By submitting the application materials, you are indicating that all information is true and correct to the best of your knowledge. You understand that the Housing Finance Commission may verify information and that untruthful or misleading information is cause for removal from the applicant pool or dismissal if employed. Only those individuals who clearly demonstrate the stated qualifications will be considered.

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