Senior Subservicing Oversight Accountant

Lakeview Loan Servicing • Horsham, PA, United States • $200k - $250k / year • 3w ago

Overview:

The Senior Subservicing Oversight Accountant with Lakeview Loan Servicing will be responsible for compiling loan-level details for their assigned Subserviced Loan Portfolio, ensuring timely and accurate GL accounting for charges and credits billed through monthly subservicing invoices. This includes analyzing subservicing charges to identify potential billing errors and documenting large income/expense variances month-over-month. The role works closely with the AVP of Oversight & Cash Reconciliation to ensure all items, including advances, are billed accurately and in line with Servicing Agreements and agency servicer guides. This position offers a salary range of $75,000 to $90,000 plus an annual bonus. It is fully remote, but if you live near the Horsham, PA office, a hybrid schedule will be required. We also offer medical benefits starting on day one.

Responsibilities:

Record subservicing invoices to the general ledger accurately and promptly.
Identify and track billing discrepancies between the subservicing client agreement and actual invoices; communicate with subservicer billing or client relations teams as needed.
Prepare loan-level accounting for life-of-loan events, including servicer acquisitions and sales.
Participate in monthly invoice review meetings, escalating issues if necessary.
Report deficiencies to senior leadership when required.
Assist in preparing monthly financial reports, including P&L commentary and supporting documentation for discrepancies.
Reconcile assigned general ledger accounts to loan-level subledgers.
Conduct detailed reviews of corporate, escrow, and third-party advances.
Collaborate with Oversight Teams to classify recoverable and non-recoverable losses by investor and insurer at the state level.
Develop and maintain loss reporting by investor and loan type (FHA, VA, USDA, CONV), detailing ownership of losses (e.g., servicer, subservicer, insurer, investor).
Ensure liquidation and modification claims are filed accurately and on time.
Reconcile loss reserves to external reports from subservicers on liquidated loans.
Support the implementation and testing of automated accounting processes using subservicer data.
Maintain up-to-date desktop procedures to reflect changes in contracts and processes.
Complete annual mandatory compliance training.

Qualifications:

Proficient in the following MS Office Suite: Excel, Access, Word, Power Point.
Strong sense of urgency with solving problems, meeting challenging deadlines and achieving critical goals.
The ability to work well in a collaborative team environment.
Working knowledge of mortgage products.
Able to effectively and professionally communicate with others verbally and in writing.
General Ledger and Accounting Background required.
Ability to write and/or execute SQL code a plus.
Experience with PowerBI a plus.

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