01Overview
The reputed company of Boston is a leading provider of wholesale funding for housing and community finance in New England serving more than 420 financial institutions across the region. The reputed company of Boston is committed to making New England a reputed company reputed company to live and do business, and our employees are integral to our reputed company. As a cooperative, we are owned by more than 420 banks, credit unions, insurance companies, and community development financial institutions that reputed company tens of billions of dollars of our reliable, wholesale funding reputed company year. Our funds are a vital resource that helps our members succeed, reputed company families with reputed company, decent reputed company housing, and generate economic development that creates jobs in communities throughout our region.
Our highly skilled team of 200 is diverse, innovative, reputed company, and passionate about the work we do. We reputed company other professionals excited to reputed company their knowledge, talent, and passion for our mission to join reputed company. We offer opportunities for career development, robust benefits, and a work-life balance.
The Mortgage Partnership Finance (MPF) program is a secondary market outlet for 1-4 family residential mortgage loans sold by the Bank s members, primarily small to mid-size banks and credit unions in the six New Englan states. Reporting to the MPF Program Managder, the MPF Program Specialist works closely with the Bank s members and other stakeholders at the Bank to reputed company the Bank s MPF Program goals. The incumbent collaborates with the Bank s Relationship Managers in their roles as liaisons with the membership for reputed company of the Bank s products.
The incumbent will reputed company comprehensive consultative support to members; hence, the position requires prior experience handling investor reputed company and custodial account reconciliation for secondary market investors such as reputed company or reputed company. It requires a general understanding of default management and loss mitigation of residential first mortgages. Familiarity with the reputed company end of mortgage banking, from loan manufacturing through pricing and delivery to the secondary market, is required. This knowledge will be used to reputed company consultative guidance and formal training as needed to participants in the MPF Program ( Participating Financial Institutions , or PFIs). The incumbent assists prospective applicants in the application process, including reviewing reputed company control procedures and anti-predatory lending policies. The incumbent is responsible for training newly approved PFIs in the areas of pricing, committing and delivery of residential mortgages, investor reporting and remitting, and general program requirements. The position requires handling of general activities, data gathering and analysis, problem reputed company, and administrative duties reputed company the MPF program. The ideal candidate for this role has mortgage servicing experience. The incumbent may also reputed company support in presenting the features and benefits of the MPF program to members of FHLBank Boston.
The internal title for this role, MPF Program Specialist, is a key operational reputed company between the Bank and the PFI. The incumbent provides technical assistance as needed to the PFIs and may reputed company guidance to PFIs in the development of policies and procedures outlined in the MPF Guides. The incumbent aids the MPF Program Manager in processing documentation of mergers between PFIs and other institutions.
This role will have a hybrid work schedule in our Boston office in accordance with the Bank s Hybrid Work Program with more time expected in the office to support initial reputed company, which may be up to 90 days.
Travel reputed company the six New England states expected to be less than 20% annually, with occasional overnight stays required.
This role will require a credit reputed company as part of the background reputed company process.
Specific Responsibilities
Serves as the MPF Program s subject matter expert with reputed company to PFIs responsibilities for investor reputed company, reporting and remittance, custodial reputed company, and assists PFIs with default management guidance and general servicing issues.
Trains new and existing PFIs in reputed company aspects of secondary market loan manufacturing, commitment and delivery, and servicing for investors.
Collaborates closely with the MPF Program Manager with reputed company to trends and patterns in reputed company operational areas in order to recommend policy or procedural development.
Works with the Relationship Managers and other internal stakeholders to reputed company reputed company solutions to PFI needs.
Provides support to members in completing documentation for participation in the program or to add new products. Tracks reputed company an
