Job Description
Req #85 Ewing, 425 Phillips Blvd, Ewing, New Jersey, United States of America Job Description Posted Thursday, May 7, 2026, 11:00 PM 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. THIS IS A TEMPORARY HYBRID POSITION- 4 DAYS IN OFFICE/FRIDAY REMOTE The Default Accounting Specialist is responsible for ensuring compliance with CFPB/ private investor/insurer/ GSE and Cenlar guidelines and time frames. Duties could include the application of Short Sales Settlements/Claim funds wires and manual checks, Charge offs, Re-class, Write Downs, REO balance removal, GNMA/FHLMB Pool liquidation, Third Party Sales proceed application and reconciliation, Third Party Vendor bill back processing and reconciliation, Vendor monthly incentive fee payment, HAMP Incentive fee application and reconciliation, Hardest Hit Fund application and reconciliation to avoid monetary losses and audit finding. In addition, this position could work with internal departments as well as vendors on suspense items in order to post payments timely by queue as well as interface with Attorney and customer contacts in order to document payment processing. The scope of decision-making authority is limited to documented investor/insurer guidelines and management directed procedures. The position will train new staff members, prepare monthly reports, work directly with Default Accounting Management to develop and maintain Cenlar’s Quality Control plan with the objective of identifying internal control weaknesses as they relate to applicable standards and other duties assigned. Responsibilities: Responsible for timely application, of Client/FHA/VA/FHLMC/FNMA Short Sales settlements wires and manual checks. FHA/VA claims funds application, MI Claim fund application, Charge offs, Re-class, Write Downs, REO balance removal, FHLMC 104 and FNMA 571 claim funds and incentive fee application, GNMA/FHLB pool buy out or Principal Curtailment process, client Investor/Man code, Zone changes change Processes and reconciles Third Party Sales checks, wire application, third party vendor bill back processing, and HAMP Incentive fee application Handles Vendor monthly incentive fee payment Reconciles Hardest Hit Fund applications and tracks the removal of balances on PIF / Zero balance loans with outstanding balances Updates management score card report Completes assigned tasks within allotted timeframe Pays manual invoices Handles projects and special assignments relating to Default Accounting as directed by the department manager Meets departmental standard for processing time and accuracy 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 Suspense Administrator Monitors suspense reports on a daily/weekly/monthly basis in order to effectively manage suspense keeping Cenlar within investor/insurer guidelines, reducing potential loss and risk Reviews and processes all applicable funds in designated Default related Suspense Queues Completes daily sample review of all exclusion default related suspense queues to ensure funds are being held in suspense in accordance to the work rules/guidelines Tracks, balances and reconciles all suspense funds applied to the loan through black knight which includes the reconcilement of batch balancing end of day processing Reviews and reconciles previous day suspense rejects via cash management daily error/ edits reports Updates management weekly dash board report Maintains up-to-date knowledge with respect to GSE payment plan and posting requirements and guidelines as well as other investor’s and client work rules Updates LPS system to reflect current suspense application and payment information on applicable screens and document the loan as required Generates appropriate letters and work tasks assigned, as required Creates and updates managerial detail reports and/or spread sheet(s) pertinent to the workout function and/or progress of the loan(s) on a daily, weekly or monthly basis, as required Inter