Investor Reporting Supervisor (Finance)
Wintrust Mortgage was founded in 1981 to help customers achieve the American dream of homeownership and has since successfully navigated the ever-changing real estate market. As a full-service, federally chartered lender with offices located across the country, we're dedicated to providing customers with a wide range of mortgage products and have the capability to lend in all 50 states. To complement the basic conventional, FHA, and VA loan programs, we are uniquely positioned to meet the needs of the continually evolving market. Wintrust Mortgage is part of Wintrust, a financial services company with more than $66 billion in assets.
Wintrust Mortgage is not like other mortgage providers. For us, it's not just about products and price. It's about service. Service to our customers and our community. Whether you're buying your first home or refinancing, Wintrust Mortgage is your calm, clear and experienced guide through the mortgage process.
Wintrust Mortgage was created to assist in the realization of the American dream of home ownership. Since its founding in 1981, Wintrust Mortgage has weathered the ever changing real estate market. As a full service nationally-chartered lender with offices located across the country, Wintrust Mortgage is dedicated to providing customers with a wide range of mortgage products. To compliment the basic Conventional, FHA and VA Programs, Wintrust Mortgage is positioned to meet the needs of the continually evolving mortgage market. Wintrust Mortgage is a part of Wintrust Financial Corporation, a well capitalized, diverse, financial services company.
Why Join Us?
An award-winning culture! Wintrust Financial is rated a Top Workplace by the Chicago Tribune (past 9 years) and Employee Recommended award by the Globe & Mail (past 6 years)
Competitive pay and discretionary or incentive bonus eligible
Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few
Family-friendly work hours
With 175+ community bank locations, we offer opportunities to grow and develop in your career
Promote from within culture
Why join this team?
Our team is in a unique position that allows us to collaborate with multiple other departments and have exposure to executive management.
We encourage a vibrant, inclusive, and team-oriented atmosphere.
Position Overview:
Presently we are looking for Supervisor of Investor Reporting in Centralized Loan Servicing. This position is located in our Rosemont, IL office.
The Supervisor, Investor Reporting will manage all investor reporting functions performed for agency and non-agency servicing portfolios and will report directly to the AVP of Centralized Loan Servicing. This position is responsible for developing and maintaining a thorough understanding of all aspects of investor reporting for current and new investors. This individual will ensure that all activity, balances, payments, and reporting are carried out in a controlled, timely and accurate manner.
What you'll be doing?
As the Supervisor, Investor Reporting, primary responsibilities include:
Manage and verify accurate and timely reporting to Fannie Mae and other agency or private investors (includes daily, monthly, and interim reporting and remitting obligations). This includes designing any custom reports needed for new investors.
Review investor remittances for accuracy and timeliness to avoid penalties. This includes the daily oversight to support the advancing and repayment processes, reconciliation of general ledger and bank accounts, and annual investor compliance reporting.
Monitor ARM loans for proper reporting to investors and work exceptions as required.
Monitor bankruptcies, foreclosure sales and any other default servicing reporting requirements to ensure reporting of defaulted loans is consistent with investor requirements.
Notify and assist the charter banks, default loan servicing and loss mitigation departments in the appeal of any repurchase demands or related activity, as requested.
Ensure all investor reimbursement requests are prepared timely and follow up on all exceptions.
Ensure accurate, efficient, and timely preparation of financial analysis for all loans within the servicing portfolio on a periodic or ad hoc basis for investors and the company.
Establish procedures and provide training as applicable.
Evaluate and monitor reporting processes. Streamline or automate processes as opportunities to do so are identified.
Reconcile actual activity to reported activity: research, resolve and document all variances.
Apply analytical skills and sound judgment, focusing on key areas of borrower impact, investor impact and corporate impact to ensure accurate management and administration of the portfolios.
Effectively manage staff in the department; facilitate training and development.
Perform other duties as requested.
Qualifications:
Bachelor's degree, preferably in accounting, finance or a related field.
Minimum of three years of experience with Fannie Mae and Freddie Mac investor reporting. Experience with Ginnie Mae and private investors strongly preferred.
Minimum of three years direct supervisory or management experience.
Minimum five years of mortgage banking, investor reporting or related experience.
Knowledge of investor accounting principles and concepts and investor servicing guidelines.
Knowledge of mortgage servicing systems, servicing technology and practices.
Strong organizational, analytical and problem-solving skills with the ability to multi-task.
Strong written and verbal communication skills, including proactive notification of Senior Management of identified concerns.
Benefits:
Medical Insurance • Dental • Vision • Life insurance • Accidental death and dismemberment • Short-term and long-term Disability Insurance • Parental Leave • Employee Assistance Program (EAP) • Traditional and Roth 401(k) with company match • Flexible Spending Account (FSA) • Employee Stock Purchase Plan at 5% discount • Critical Illness Insurance • Accident Insurance • Transportation and Commuting Benefits • Banking Benefits • Pet Insurance
Compensation:
The estimated salary range for this role is $50,000 to $65,000 annually, along with eligibility to earn an annual bonus. Actual salaries may vary based on several factors, such as a candidate's qualifications, skills, and experience.
From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To build a company that reflects the communities we serve, we believe that fostering a unique and inclusive workplace where everyone feels valued and empowered to succeed will support our ongoing success. Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, disability, veteran status, genetic information, and other legally protected categories.
