HELOC Analyst managing consumer lines of credit within a financial services firm. Supporting operational accuracy, fraud mitigation, and servicing integrity for HELOC portfolios.
Responsibilities
Analyze and manage consumer lines of credit, including open-ended HELOCs, ensuring compliance with servicing standards and investor requirements.
Utilize MSP’s Consumer Loan Workstation to monitor line functionality, repayment methods, and calculation accuracy.
Troubleshoot and reconcile data discrepancies from acquired portfolios and prior servicers.
Support loan boarding processes for new lines of credit, ensuring accurate setup and validation.
Apply working knowledge of cash application processes to resolve payment issues.
Monitor and report on portfolio performance using MSP standard reports and custom dashboards.
Collaborate with fraud teams to investigate and mitigate risks associated with advance requests.
Assist in the setup and validation of ELOC Plan Headers and ensure proper performance alignment.
Identify and escalate billing file discrepancies and contribute to continuous improvement initiatives.
Participate in cross-functional training and documentation efforts.
Maintain and update departmental policies and procedures as necessary.
Requirements
High school diploma or GED required; Associate’s degree preferred.
Minimum 10 years of experience in consumer lines of credit, with a strong focus on HELOCs.
At least 5 years of hands-on experience with MSP, specifically within the Consumer Loan Workstation.
Proven ability to manage fraud detection and prevention strategies related to credit advances.
Experience with open-ended credit structures and repayment modeling.
Strong analytical and problem-solving skills, especially in data reconciliation and servicing transitions.
Excellent communication skills and ability to collaborate across departments.
Proficiency in Microsoft Office Suite (Word, Excel, Outlook).
Experience with servicing platforms such as MSP, Black Knight/LPS, and Sagent is preferred.
Strong attention to detail, organizational skills, and the ability to manage multiple priorities in a fast-paced environment.
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