PennyMac Cash Processor II in Fort Worth, Texas
Cash Processor II
Cash Management - MPK
Receive loan payments and post to corresponding loan balances in accordance with company policies and all applicable regulatory requirements. Account for all loan payments (cash, check or other
legally negotiable instruments) daily and prepare bank deposits.
Open, capture and process all negotiable items received for loan payments and payoffs.
Perform daily posting consolidations. Ensure all negotiable items are processed in accordance with applicable regulations and company policies.
Print company checks, reconcile checks to report and dispatch/mailing of checks.
Update department logs, reports and statistical information. Update department procedures.
Process, notate and follow-up on negotiable items while waiting for posting instructions from other internal departments to ensure accurate account documentation.
Complete end of day process, including ensuring the confidentiality of loans and negotiable items by securing the department.
Post payments according to department procedures, using specific Tran codes. Must learn Tran Codes.
Balance transactions, consolidations and bank deposits within specified timeframes.
Update and balance checks, logs and statistical reports.
Perform other duties as assigned.
High school diploma or equivalent
Two years experience in loan servicing
Six months experience in loan servicing remittance/lockbox operations
Attention to details
Time management skills
Customer service skills
Ability to make decisions independently within set policies and procedures
Ability to exhibit sound judgment to protect company assets
Ability to read and interpret documents such as policy manuals, safety rules, operating and maintenance
instructions, and procedure manuals
Ability to write routine reports and correspondence
Ability to speak effectively to others
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, and percentages
Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form
Ability to multi-task in a fast-paced challenging environment and meet deadlines
Personal computer knowledge, including proficiency in Word, Excel and Outlook
Knowledge of mortgage industry practices, terminology and technology platforms
Proficient in 10-key by touch
While performing the duties of this Job, the employee is regularly subject to light physical effort involving intermittent standing, sitting,
or walking, with occasional lifting of up to 10 pounds. The job requires a heavy amount of talking and listening. Specific vision abilities required by this job include close vision.
Standard office environment unless otherwise stated. The noise level in the work environment is usually moderate