HELOC Analyst at Selina Finance

Dallas, Texas, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Mortgage ServicingIndustries

Requirements

High school diploma or GED required; Associate’s degree preferred
Minimum 10 years of experience in consumer lines of credit, with a strong focus on HELOCs
At least 5 years of hands-on experience with MSP, specifically within the Consumer Loan Workstation
Proven ability to manage fraud detection and prevention strategies related to credit advances
Experience with open-ended credit structures and repayment modeling
Strong analytical and problem-solving skills, especially in data reconciliation and servicing transitions
Excellent communication skills and ability to collaborate across departments
Proficiency in Microsoft Office Suite (Word, Excel, Outlook)
Experience with servicing platforms such as MSP, Black Knight/LPS, and Sagent is preferred
Strong attention to detail, organizational skills, and the ability to manage multiple priorities in a fast-paced environment

Responsibilities

Analyze and manage consumer lines of credit, including open-ended HELOCs, ensuring compliance with servicing standards and investor requirements
Utilize MSP’s Consumer Loan Workstation to monitor line functionality, repayment methods, and calculation accuracy
Troubleshoot and reconcile data discrepancies from acquired portfolios and prior servicers
Support loan boarding processes for new lines of credit, ensuring accurate setup and validation
Apply working knowledge of cash application processes to resolve payment issues
Monitor and report on portfolio performance using MSP standard reports and custom dashboards
Collaborate with fraud teams to investigate and mitigate risks associated with advance requests
Assist in the setup and validation of ELOC Plan Headers and ensure proper performance alignment
Identify and escalate billing file discrepancies and contribute to continuous improvement initiatives
Participate in cross-functional training and documentation efforts
Maintain and update departmental policies and procedures as necessary

Skills

HELOC

MSP

Consumer Loan Workstation

loan boarding

cash application

fraud mitigation

portfolio management

servicing compliance

ELOC Plan Headers

billing reconciliation

Selina Finance

Flexible home equity lending solutions

About Selina Finance

Selina Finance offers flexible lending solutions for homeowners in the UK, focusing on home equity lending. Their main products include a Home Equity Line of Credit (HELOC), which allows borrowers to access funds against their property equity and only pay interest on the amount used, and a Homeowner Loan, which provides a fixed sum upfront. Unlike other lenders, Selina Finance's HELOC offers unique flexibility in borrowing amounts over the first five years. The company's goal is to help homeowners finance large purchases by leveraging the equity in their homes at competitive interest rates.

London, United KingdomHeadquarters

2019Year Founded

$50.4MTotal Funding

SERIES_BCompany Stage

Fintech, Financial ServicesIndustries

51-200Employees

Risks

Rising UK interest rates could make Selina's loans less attractive to borrowers.

Increased competition from fintechs may erode Selina's market share.

Potential UK regulatory changes could increase compliance costs for Selina Finance.

Differentiation

Selina Finance offers the UK's first Home Equity Line of Credit (HELOC).

Their HELOC product provides flexible borrowing against home equity, unique in the UK market.

Selina Finance combines real estate, finance, and technology for next-generation lending solutions.

Upsides

Partnership with Legal & General expands access to a large network of mortgage advisers.

Recent $150M Series B funding boosts Selina's capacity for growth and product development.

Increased demand for flexible financial products aligns with Selina's offerings.

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