Payment Processor I

Welcome to the Latest Job Vacancies Site 2025 and at this time we would like to inform you of the Latest Job Vacancies from the Cenlar FSB with the position of Payment Processor I which was opened this.

If this job matches your qualifications, please send your application directly through our latest Job site. Indeed, every job is not easy to apply because it must meet several qualifications and requirements that we must meet in accordance with the standard criteria of the Company who are looking for potential candidates to work. Good job information Payment Processor I below matches your qualifications.

Payment Processor I

Cenlar is the nation's leading mortgage loan subservicer. Our unique culture is defined by our core values of respect, trust, integrity and care. A promote-from-within philosophy, and opportunities for continuous professional growth make Cenlar a great place to launch or boost your career.

The Payment Processor is responsible for loan level cash transactions, reconciling funds received to the system of record and depositing checks to Federal Reserve Bank.

Responsibilities:

• Accurately inputs all data to post borrower payments in a timely manner according to the borrower's instructions, following all pertinent and relative investor posting rules and special processing rules as designated by Cenlar's clients
• Posts and reconciles payments received from all sources:checks, wire, branch feeds and electronic batches
• Posts other loan level transactions as requested by internal departments, including but not limited to initial escrow, special deposits, corporate advance repayments and non-cash payment transactions
• Coordinates the identification and transfer of payments to other servicers for loans that have deconverted
• Facilitates the advisement to other department of receipt of checks for loans in default and posting checks per the instructions of the default departments
• Researches and identifies payments received without correct loan numbers, communicate with client relations managers and payment sources (i.e. Checkfree, clients) of any loan numbers that cannot be identified
• Identifies funds received on paid in full loans, documents system of record and coordinates return of funds to sender
• Balances all system activity and deposit all checks via electronic scanners, reconciling check deposit to system totals
• Coordinates with clients to obtain missing or correct information for payments wired electronic branch feeds
• Meets departmental standards for processing time and accuracy
• Assists mail coordinator with the dissemination of work
• Works on special projects as assigned
• Consistently complies with all company guidelines and policies
• Appropriately assess risk when business decisions are made, include but not limited to compliance and operational risk. Demonstrate consideration for Cenlar's reputation as well as our clients, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.

Qualifications:

• High School Diploma or GED required
• 2 - 3 years of current branch banking experience or relatedpayment processing experience
• Computer literacy, including but not limited to Windows, Excel, Word, Outlook
• Knowledge of BKFS MSP preferred but not required
• Proficiency in a 10-key calculator by touch
• Strong math aptitude essential
• Demonstrated analytical and problem solving skills
• Excellent written and verbal communication and interpersonal skills required
• Ability to work as a team member in a diverse workforce
• Ability to multi task in a fast paced environment
• Requirements under the Truth in Lending Act (TILA) specifically:
  • the prohibition of pyramiding late fees,
  • payment processing and the treatment of partial payments,
  • payoff statements, and
  • payoff statements for high cost mortgages.
• Requirements under the Electronic Fund Transfer Act specifically:
  • proper crediting for preauthorized transfers to consumers' accounts, and
  • written authorization requirements for preauthorized transfers from consumers' accounts.
• Requirements under the Fair Debt Collection Practices Act (FDCPA) specifically:
  • proper treatment of applying payment when borrowers have multiple debts, and
  • unfair debt collection practices.

Total Rewards:

At Cenlar, you'll receive an outstanding benefits package that includes paid medical, dental, and life insurance, 401(k), and tuition assistance as well as opportunities for training and professional advancement. Cenlar is a drug-free workplace and an equal employment opportunity/affirmative action employer M/F/D/V/SO.

How to Submit an Application:

After reading and knowing the criteria and minimum requirements for qualifications that have been explained from the Payment Processor I job info - Cenlar FSB Ewing, NJ above, thus jobseekers who feel they have not met the requirements including education, age, etc. and really feel interested in the latest job vacancies Payment Processor I job info - Cenlar FSB Ewing, NJ in 2025-03-18 above, should as soon as possible complete and compile a job application file such as a job application letter, CV or curriculum vitae, FC diploma and transcripts and other supplements as described above, in order to register and take part in the admission selection for new employees in the company referred to, sent via form this bottom.