Special Loans Analyst at Selina Finance

Jacksonville, Florida, United States

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Mortgage ServicingIndustries

Requirements

Detail-oriented professional capable of managing a high volume of complex tasks
Ability to respond to internal and investor inquiries
Knowledge to ensure compliance with regulatory and contractual obligations
Proven creative thinking and a positive attitude (company-wide attribute)

Responsibilities

Input and maintain ARM indices in the servicing system
Execute scheduled ARM adjustments, generate borrower notices, and verify accurate payment updates
Audit loan data against original loan documentation, including ARM Riders and Notes
Perform ARM loan audits, resolve exceptions, and process corrections using the ARM Loan Workstation
Review and process SCRA protections by auditing the DMDC report and updating loan records via the Military Service Relief Workstation
Monitor PRA and recast eligibility; implement system changes as needed
Implement system changes on qualifying Assumptions as needed
Conduct document to data review for any new loan boardings on ARM, Interest Only, and Step Rate products
Conduct research and implement system updates in response to internal or investor inquiries
Assist with internal and external audits by providing documentation and ensuring data accuracy
Maintain and update departmental policies and procedures as necessary
Identify opportunities for process improvement and contribute to operational efficiency
Maintain accurate and timely updates to loan data within the servicing system for Loan Modifications, ARMs, SCRA adjustments, and Assumptions
Follow any other job-related instructions and perform any other job-related duties as requested

Skills

Key technologies and capabilities for this role

Loan ServicingARM AdjustmentsSCRALoan ModificationsData AuditingDMDCPRALoan AssumptionsARM Loan WorkstationMilitary Service Relief Workstation

Questions & Answers

Common questions about this position

What benefits does Selene Finance offer?

Selene Finance offers a comprehensive benefits package including Paid Time Off (PTO), Medical, Dental & Vision, Employee Assistance Program, Flexible Spending Account, Health Savings Account, Paid Holidays, Company paid Life Insurance, and Matching 401(k) Plan.

Is this position remote or onsite?

This is an on-site hybrid position.

What skills are required for the Special Loans Analyst role?

The role requires detail-oriented professionals skilled in maintaining loan data accuracy, auditing loan documentation, using servicing systems like ARM Loan Workstation and Military Service Relief Workstation, and ensuring regulatory compliance.

What is the company culture like at Selene Finance?

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

What makes a strong candidate for this position?

Strong candidates are detail-oriented professionals who can handle high-volume complex tasks, demonstrate a positive attitude and creative thinking, and have experience with loan servicing systems and compliance.

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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