The job below is no longer available.

You might also like

in Dallas, TX

Use left and right arrow keys to navigate
Hours Full-time, Part-time
Location Dallas, TX
Dallas, Texas

About this job

Morgan Stanley is a global financial services leader with three core businesses - Institutional Securities, Asset Management, and Global Wealth Management. Global Wealth Management is offered by the Morgan Stanley Wealth Management (MSWM) franchise, which has one of the world's largest network of Financial Advisors. Morgan Stanley is pleased to announce that we are expanding our suite of world-class banking and lending products exclusively for our Financial Advisors and their clients. In addition to our comprehensive financial services, which include brokerage, investment advisor, financial and wealth planning, annuities, insurance and retirement, Morgan Stanley will develop and enhance their lending, trust and cash management capabilities. We believe that now is the perfect time to build and support a new venture along with our Global Wealth Management partners. By combining our lending financial services business with private banking products built specifically to service the needs of Financial Advisors and their clients, we can tailor banking and lending solutions to client needs.

Morgan Stanley Home Loans has centralized its operations and is expanding its retail Mortgage Lending Division. We are looking for the best of the best to provide premier mortgage services to our clients. As part of Global Wealth Management Division (GWM), we have a partnership with Morgan Stanley's retail brokerage network that provides a limitless proprietary source of inbound business.

If you have a passion for the mortgage business and are looking for a team atmosphere that encourages success and innovation, a healthy pipeline and a fast --paced environment, Morgan Stanley Home Loans may have something to offer you.

The Servicing Associate will be a member of our private banking mortgage team. The candidate will be responsible for assisting with various functions within the Servicing Oversight area, which will include the following:

Primary Responsibilities:

* Performing ongoing monitoring of sub-servicers activities related to key functions/areas, including Loan Onboarding, Loan Administration (cash management, escrow administration, etc.), Default Management (Collections, Loss Mitigation, etc.), and Investor Accounting

* Performing assessments (testing) related to activities of sub-servicers key functions

* Providing reporting based on the results of assessments performed

* Working with sub-servicer to address potential servicing issues identified by business assessments, in addition to issues identified by business partners (Operational Risk, Compliance, Credit/QC)

* Maintaining, tracking and reporting on issues requiring remediation

* Working with internal business partners to address loan level/escalated issues, as needed

* Overseeing the accuracy and timeliness of required vendor reporting, in addition to ensuring that reports are maintained within SharePoint site

* Participating in ad hoc projects as needed and assisting management with requests related to servicing oversight

* Performing backup support to other roles in the Servicing Area

* Travel Required: Approximately 10%

* Additional responsibilities as required by management

Experience:

* 3 to 5 years of experience within mortgage servicing requirements, including loan onboarding, loan administration, default management and investor accounting

* Working knowledge of applicable regulatory guidelines related to mortgage servicing

* Must have a working knowledge of mortgage documents and an understanding of the mortgage life cycle

* Adhere to turn time commitments while working in a high-volume environment

Skills:

* Excellent organization skills

* Strong verbal and written communication skills

* Strong Computer skills- must be familiar with how to navigate a Microsoft Windows environment and have a working knowledge of Microsoft Office software

* High level of Accuracy and Detail Oriented/multitasking

* Must have excellent teamwork orientation and the ability to work independently in a fast moving environment