Job Description

Description

POSITION OVERVIEW: 

The Loan Accounting and Year-End Analyst is responsible for managing financial transactions, performing loss analyses, and overseeing the preparation, reconciliation, and distribution of year-end tax statements. This role includes analyzing financial losses related to delinquent loans, foreclosures, short sales, and other default events while ensuring compliance with investor guidelines and regulatory requirements. The ideal candidate brings expertise in loan accounting, exceptional analytical skills, and a deep understanding of mortgage servicing processes such as foreclosure, bankruptcy, and loss mitigation.

ESSENTIAL DUTIES and RESPONSIBILITIES, includes the following responsibilities, but not limited to:

• Reconcile and review default-related expenses (e.g., foreclosure costs, property preservation, legal fees) with accuracy and timeliness.
• Maintain accurate financial records for loan accounts and perform audits on expense submissions and claims.
• Analyze financial data to identify trends, variances, and discrepancies, generating detailed reports on claims, expenses, and recoveries.
• Investigate and resolve discrepancies in financial reporting and recommend corrective actions.
• Prepare and reconcile year-end tax statements, including Forms 1098 (Mortgage Interest) and 1099 (Miscellaneous Income, Interest, and Cancellations of Debt), ensuring compliance with federal, state, and investor regulations.
• Collaborate with foreclosure, bankruptcy, and loss mitigation teams to resolve reconciliation and claims discrepancies.
• Ensure adherence to federal, state, regulatory, and investor guidelines while maintaining up-to-date knowledge of internal policies and procedures.
• Meet established performance standards for compliance, job knowledge, quality, attendance, efficiency, and initiative.
• Participate in special projects and assignments as needed.

QUALIFICATIONS AND EXPERIENCE:

• Proven experience in loan accounting processes or in other relevant mortgage servicing departments.
• Knowledge of loan accounting processes, industry standards, consumer protection laws & regulations impacting operational areas.
• Excellent problem-solving, analytical, and organizational skills.
• Ability to have a cross-functional impact across the servicing operation.
• Highly organized, reliable, and results-driven
• Ability to hustle, willingness to learn, and adapt quickly to working in a fast-paced, fluid environment.
• Proficient in Microsoft Office and call center equipment/software programs
• Excellent communication skills both written and verbal.
• Ability to work within a team environment to foster positive work culture.
• Ability to engage with associates to achieve goals and objectives.
• Ability to work independently and as a member of high performing team.
• Commitment to excellence and extraordinary standards.

Direct Reports: No

PHYSICAL and ENVIRONMENTAL CONDITIONS:

This role operates in an ADA compliant office environment, utilizing typical office equipment and tasks including computer work. The position may involve partial stationary positions and moving throughout the day. Flexibility to work overtime to meet project deadlines is required.

COMPENSATION:

CMG pays a competitive salary which ranges from $65,000 to $75,000. Factors that affect salary may include:Loan Accounting experience. Mortgage servicing, Mortgage industry, computer skills, customer service experience specific to working with mortgage customers, and education.

CMG Financial is an equal opportunity employer and does not unlawfully discriminate in employment decisions. CMG will consider all qualified applicants without regard to race, religion, national origin, sex, age, veteran status, disability, familial status, marital status, actual or perceived sexual orientation, or actual or perceived gender identity. Applicants requiring reasonable accommodation to the application and/or interview process should notify a representative of CMG Financial or reach out to recruiting@cmgfi.com.

CMG MORTGAGE, INC. NMLS #1820 If you are a recruiter or placement agency, please do not submit resumes to any person or email address at CMG Financial prior to having a signed agreement . CMG Financial is not liable for and will not pay placement fees for candidates submitted by any agency other than its approved recruitment partners. Furthermore, any resumes sent to us without an agreement in place will be considered your company’s gift to CMG Financial and may be forwarded to our recruiters for their attention.

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