What are the responsibilities and job description for the Correspondent/Broker Liaison position at MEGA CAPITAL FUNDING, INC?
The Correspondent/Broker Liaison will support the strategies of the Executive Management Team to collect Outstanding Early Payoffs (EPO), Early Principal/Curtailment (EPC) and Early Payment Default (EPD) penalties owed to the company from Broker and Correspondents.
The Correspondent/ Broker Liaison is responsible for reviewing EPO, EPC/EPP and EPD billings received by various secondary investors and determining if the billing is collectible from broker or correspondent. The Correspondent/ Broker Liaison will collaborate closely with Account Executives, Accounting, Legal Counsel and Senior Management in resolving outstanding EPO, EPC and EPD penalties owed to the company.
Collect outstanding EPO, EPP/EPC, and EPD’s owed to MCF from broker/correspondent via email and phone calls.
Review and validate EPO, EPC/EPP, and EPD invoices received from investors and verify if the penalty is billable to broker/correspondent, within the terms of premium recapture period in the lender agreement.
Verify and confirm with the Accounting Department if EPO, EPC/EPP and EPD’s billing from investors are accurate by reviewing lender agreements.
Enter EPO, EPC/EPP and EPD billing information in Master EPO Master spreadsheet.
Assign and monitor repurchase demands notices with attorney.
Issue initial and final billing notices to Broker or Correspondent.
Review and monitor EPO Master spreadsheet outstanding billings daily.
Assign outstanding billings to the attorney to issue broker/correspondent a demand letter after expiration of final billing notice.
Work with attorney to determine further legal action (lawsuit) against broker and correspondent to collect outstanding balances owed to MCF.
Provide updates to the Senior Management Team on an as needed basis.
Assist in other duties as assigned by the Chief Operations Officer.
Job Type: Full-time
Pay: From $25.00 per hour
Expected hours: No less than 40 per week
Benefits:
- Health insurance
Schedule:
- 8 hour shift
Work Location: In person
Salary : $25
