Ullico, Inc., one of the nation’s largest sources for real estate first mortgage financing, is actively recruiting an Assistant Mortgage Servicer to join a group that manages a $4.4 billion portfolio. Ullico’s Real Estate Debt Group offers construction and permanent debt financing for commercial real estate. This position is located at our Bethesda, MD office.
Job Duties:
- Enter data relative to new loans into computer system. Check entry for accuracy and completeness.
- Obtain all related source documents from Treasury and other contributing parties. Process daily transactions to the loan system. Research and resolve missing payments. Monitor all payment activity.
- Obtain daily SOFR rates from Global Benchmark Administrator and the Wall Street Journal and input into the LMS Loan Servicing System. Follow up for second check sign off.
- Generate Accrual General Ledger Entries for the REIG Department (Delinquent and Pre-Paid loans).
- Input Deposits (checks and incoming wires) into the on-line Deposit System ensuring the correct cash account is used.
- Post general Ledger Entries for Separate J, Separate W and General Accounts.
- Track incoming funds to ensure that all funds intended for the Escrow Account are promptly transferred.
- Utilizing an Excel spreadsheet(s), balance required GL accounts daily to the Company Ledger. Ensure zero balances in cash accounts at month-end. Research and resolve issues related to unbalanced accounts. Ensure that month-end processing is completed accurately and on time.
- Facilitate loans, obtain information, respond to routine inquires, and resolve long-standing or complex problems by interfacing with outside vendors and representatives.
- Establish, maintain, and monitor various tickler systems for servicing functions. Obtain information and resolve issues by contacting borrowers and I or third parties.
- Coordinate and process wires for timely payment to investors and internal balancing of accounts. Request checks to pay third party invoices.
- Design and distribute scheduled and unique reports and excel spreadsheets.
- File documents and maintain servicing related binders.
- Perform other job-related duties that may be occasionally assigned.
Minimum Qualifications
- Associate’s degree in accounting or equivalent training and/or experience.
- Two years of accounting experience required with a demonstrated knowledge and application of debits, credits, assets, liabilities, income and expense functions.
- Two years’ experience with real estate operations or loan servicing preferred.
- Demonstrated knowledge of PC in Windows environment with word processing and spreadsheet software required.
- Must take company excel test at an intermediate level.
- Familiarity with terminology and I or forms of functional area preferred.
- Demonstrated written and oral communication skills.
For over 95 years, Ullico, the only labor-owned insurance and investment company, has been a proud partner of the labor movement. From insurance products for members, leaders and employers, to investments that have created thousands of union jobs, our customers continue to count on Ullico to protect them. The Ullico Inc. family of companies includes The Union Labor Life Insurance Company; Ullico Casualty Group, Inc.; Ullico Investment Company, Inc.; and Ullico Investment Advisors, Inc. Visit www.ullico.com.
We offer a competitive starting salary and an outstanding benefits package including:
- Health/Dental/Vision
- Pension
- 401K
- Health Savings Account
- Life Insurance
- Paid Time Off
Ullico is an Equal Opportunity Employer. This organization participates in E-Verify.
Candidate Advisory: To protect applicants from recruitment fraud, all correspondence from our Human Resources department will originate from email addresses ending in @Ullico.com. We will never ask candidates to provide sensitive personal or financial information through any other email domain.
Skills Required
- Associate's degree in accounting or equivalent training and/or experience
- Two years of accounting experience with knowledge of debits, credits, assets, liabilities, income and expense functions
- Two years' experience with real estate operations or loan servicing
- Demonstrated knowledge of PC in Windows environment with word processing and spreadsheet software
- Must take company Excel test at an intermediate level
- Familiarity with terminology and/or forms of functional area
- Demonstrated written and oral communication skills
What We Do
For more than 90 years, Ullico Inc. has served the union workplace. From insurance products for union members and innovative risk management solutions for contractors and employers, to investments in commercial real estate projects that have created thousands of union jobs, Ullico is a proud partner of the American worker. Ullico Inc. is an insurance and financial services holding company whose subsidiary companies include The Union Labor Life Insurance Company; Ullico Investment Advisors Inc.; Ullico Investment Company, LLC; and Ullico Casualty Group LLC. Headquartered in Washington, D.C., Ullico Inc. also has regional offices in New York, Chicago, San Francisco and Silver Spring, Md. It is the only insurance and investment company that is labor-owned, which is why union members and employers across America trust Ullico with protecting their families, employees, businesses and investments. For additional information, visit www.ullico.com.
