Servicing Transaction Specialist at Selina Finance

Dallas, Texas, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, MortgageIndustries

Requirements

Minimum of 5 years of experience in mortgage servicing with an emphasis on transaction management
Strong understanding of government and agency requirements, specifically related to GNMA, FHLMC, FHA and VA
Familiarity with the various aspects loan sale/acquisition process, a plus
Working knowledge of servicing systems, such as Black Knight/LPS, MSP is a plus, but not required
Solves problems with a sense of recognizing opportunities, understanding risks and acting quickly to overcome obstacles and reach a solution
Must be detail oriented and consistently maintain a high level of quality and accuracy in their work. Work product must be consistently reliable and accurate
A demonstrated willingness to learn and add value to existing processes based on established work experience
Ability to work independently with minimal direct supervision and effectively communicate (orally and in writing) with others, both internally and externally
Ability to organize, prioritize and allocate workload for optimum efficiency
Strong team player with a high level of professionalism
Multi-tasker in a constantly changing, fast paced environment
Strong data manipulation skills through Excel (required)

Responsibilities

Support monthly GNMA delivery cycles by working closely with internal teams, document custodians and GNMA
Work closely with internal teams and GSEs to prepare mortgage loans for future sales and securitizations, ensuring effective communication and documentation of agency requirements
Research, document, and resolve loan data exceptions prohibiting delivery or securitization efforts
Assist finance team and third-party partners with balancing of 203(k) custodial accounts
Interpret contractual agreements to ensure all transactions adhere to stipulated terms
Prepare reports and executive summaries for client and senior leadership consumption

Skills

Key technologies and capabilities for this role

Mortgage ServicingGNMAFHLMCFHAVATransaction ManagementExcelBlack KnightLPSMSPLoan Data ExceptionsCustodial Accounts

Questions & Answers

Common questions about this position

What experience is required for the Servicing Transaction Specialist role?

A minimum of 5 years of experience in mortgage servicing with an emphasis on transaction management is required, along with a strong understanding of government and agency requirements related to GNMA, FHLMC, FHA, and VA.

What skills are essential for success in this position?

Exceptional attention to detail, advanced Excel skills, ability to work independently in a fast-paced environment, and effective communication with internal and external stakeholders are essential.

Where are the company's office locations?

The company has office locations in Dallas, TX, Jacksonville, FL, and Salt Lake City, UT.

What is the company culture like at Selene Finance?

Selene seeks employees with a positive attitude, proven creative thinking, and a desire to make a difference, striving to provide amazing client and borrower experiences.

What makes a strong candidate for this role?

Strong candidates have 5+ years in mortgage servicing, transaction management expertise, detail orientation, problem-solving skills that recognize opportunities and risks, and familiarity with servicing systems like Black Knight/LPS or MSP.

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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