MERS Activations and Servicing Specialist

5 days ago


Cleveland, Queensland, Australia beBeeMersactivation Full time US$60,000 - US$70,000

Job Title: MERS Activation and Servicing Specialist

Job Summary:

We are seeking a detail-oriented and organized professional to serve as our MERS Activation and Servicing Specialist. In this role, you will be responsible for processing and overseeing all MERS activations, transfers, and monthly reconciliations. You will obtain and retain all documents for MERS audits and annual reports as required under the current MERS guidelines.

Key Responsibilities:
  • Identify funded loans that require MERS activation through the LOS system and process them in a timely manner.
  • Activate all MERS applicable loans and upload supporting documentation to the loan file.
  • Perform loan data entry and report date of activation within the LOS system.
  • Access and pull reports from the MERS website to ensure accurate information.
  • Reconcile MERS reports with the servicing LOS system to identify and cure discrepancies.
  • Perform research and follow up on reconciling MERS reported information between MERS and the LOS system.
  • Perform monthly reconciliations between the MERS and sub-servicing system of record using the compare report.
  • Maintain the system by performing updates as needed.
  • Pull daily Purchase Advices for loans sold service released to perform TOS/TOB of servicing and beneficiary rights within MERS guidelines.
  • Transfer servicing on agency loans held with sub-servicer(s).
  • Collaborate with the delivery analysis team to resolve challenging loans for loan delivery.
  • Assist in tracking and researching suspense fees incurred due to delivery and purchase delays.
  • Create, process, and ship assignments of mortgages.
Requirements:
  • Bachelor's degree or equivalent.
  • 2+ years of experience in recent mortgage closing or post-closing activities.
  • Extensive knowledge of MERS, Inc. guidelines and system requirements with proven history of MERS compliance standards achieved.
  • Experience with Encompass software.
  • Experience with Dovenmuehle (DMI) for sub-servicing.
  • Proficient with Microsoft Office applications.

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