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FHLMC Reconciliation Consultant
Location
United States
Posted
66 days ago
Salary
$55 - $65 / hour
Seniority
Mid Level
No structured requirement data.
Job Description
FHLMC Reconciliation Consultant
Consolidated Analytics, Inc.
Role Description The Freddie Mac (FHLMC) Reconciliation Consultant will review and reconcile the mortgage servicing organization's FHLMC accounts. - Perform Freddie Mac monthly reconciliations and completion of Required Monthly Forms utilizing MSP standard reports. - Confirm the correct daily, weekly, and monthly processes to identify and clear any discrepancies. - Understand the Freddie Mac Reconciliation Bulletin 2025-2, issued 2/12/25, to ensure accurate loan-level records and eliminate inaccurate edits. - Reconcile each data element included in the monthly Freddie Mac Trial Balance report within 30 days after the end of each Accounting Cycle. - Prepare a separate monthly reconciliation for each unique Seller/Servicer number on the online version of the new Guide Form 75 or an exact replica. - Provide Freddie Mac with a copy of the completed Form 75 and supporting documentation upon request for up to one year from the date of the related reconciliation worksheet. - Perform reconciliations and establish written procedures to support Servicer adoption of the portfolio reconciliation process from March 1, 2025, to June 30, 2026. - Understand that Freddie Mac will waive contract noncompliance and change compensatory fees if actions are taken prior to July 1, 2026. - Be aware that beginning on July 1, 2026, data corrections identified through the monthly portfolio reconciliation process will incur contract noncompliance and compensatory fees. Qualifications - Must have "hands-on" Mortgage Servicing/Mortgage Banking Account Reconciliation experience in the Freddie Mac FHLMC domain. - Must be able to create and provide training documentation to support adoption of the revised reconciliation process. - Teach the revised reconciliation process to client staff. - Assess staff's ability to re-reconcile prior reconciliations with inaccurate edits. - Determine the time required to teach staff to re-reconcile previously submitted reconciliations or complete the reconciliations themselves. Benefits - Medical Insurance - Dental Insurance - Vision Insurance - Life & Disability Insurances
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