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Remittance Processing Associate Jobs in Michigan

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Remittance Processing Associate information

What are the key skills and qualifications needed to thrive as a remittance processing associate?

To thrive as a Remittance Processing Associate, you need strong attention to detail, numerical accuracy, and a high school diploma or equivalent. Familiarity with remittance processing software, data entry systems, and basic office equipment is typically required. Excellent organizational skills, reliability, and the ability to work well under deadlines are valuable soft skills for this role. These abilities ensure error-free processing of payments, compliance with financial regulations, and efficient workflow in high-volume environments.

What are some common challenges faced by remittance processing associates, and how can they be effectively managed?

Remittance Processing Associates often handle high volumes of payments and sensitive financial information, which can lead to challenges such as meeting strict deadlines, maintaining accuracy under pressure, and quickly resolving discrepancies. To manage these challenges effectively, associates should develop strong attention to detail, utilize organizational tools, and communicate proactively with team members and supervisors. Most organizations also provide ongoing training and support, helping associates stay updated on the latest regulations and process improvements.

What is the difference between Remittance Processing Associate vs Payment Processing Clerk?

AspectRemittance Processing AssociatePayment Processing Clerk
Required CredentialsHigh school diploma, basic financial knowledgeHigh school diploma, familiarity with financial transactions
Work EnvironmentBank or financial institution, office settingBank, accounting department, or financial services
Employer & Industry UsageFinancial institutions, payment companiesBanking, accounting firms, financial services
Common Search & ComparisonOften compared for processing and reconciliation tasksRelated to handling payments and transactions

The Remittance Processing Associate and Payment Processing Clerk roles both involve handling financial transactions within banking or financial institutions. While they share similar credentials and work environments, the associate typically focuses on processing remittance payments, verifying data, and reconciling accounts, whereas the clerk may handle broader payment processing tasks. Understanding these differences helps job seekers identify the right role based on their skills and career goals.

What does a remittance processing associate do?

A remittance processing associate is responsible for reviewing, sorting, and accurately processing payments such as checks, money orders, and electronic transfers. They verify payment details, ensure data accuracy, and handle documentation using specialized software and tools, often working in a fast-paced environment with attention to detail. This role may require knowledge of banking procedures and adherence to security protocols.

What is a remittance processing associate?

A remittance processing associate is responsible for handling and verifying incoming payments, such as checks and electronic transfers, ensuring accurate posting to customer accounts. They often use specialized software and work in financial or banking environments to process large volumes of transactions efficiently and accurately.

What are popular job titles related to Remittance Processing Associate jobs in Michigan?

For Remittance Processing Associate jobs in Michigan, the most frequently searched job titles are:

What job categories do people searching Remittance Processing Associate jobs in Michigan look for?

The top searched job categories for Remittance Processing Associate jobs in Michigan are:

What cities in Michigan are hiring for Remittance Processing Associate jobs?

Cities in Michigan with the most Remittance Processing Associate job openings:

Capital Markets Servicing Specialist

Northpointe Bank

Grand Rapids, MI • On-site

Full-time

Medical, Dental, Vision, Life, Retirement

Posted 10 days ago


Job description

The POWER of a CAREER!

At Northpointe Bank, we believe your career should empower you — to grow, contribute, and find purpose. We’re hiring a Capital Markets Servicing Specialist to support the accurate and timely transfer of mortgage loan servicing following the sale of loans to investors.

This role is ideal for a detail-oriented mortgage professional who enjoys analyzing financial activity, resolving discrepancies, and coordinating across teams. You’ll work closely with Capital Markets, Loan Servicing, Accounting, subservicers, and investors to help ensure servicing transfers, reconciliations, and reporting are completed accurately and on time.

What You’ll Do:

  • Perform daily reconciliation of loans sold servicing-released and verify investor Purchase Advice accuracy
  • Research and resolve Purchase Advice discrepancies with investors and internal business partners
  • Coordinate servicing transfers and required investor and subservicer notifications
  • Prepare servicing transfer data, Transfer of Ownership Notices, document packages, and related correspondence
  • Complete investor reporting, remittance, and balancing activities for applicable investors
  • Assist with Principal and Interest (P&I) and Taxes and Insurance (T&I) reconciliations
  • Research cash outages and discrepancies within investor custodial accounts
  • Reconcile escrow balances and buydown funds associated with servicing transfers
  • Coordinate with Accounting to ensure funds and financial adjustments are accurately recorded
  • Support bulk servicing loan purchases and designated loan boarding activities
  • Research and resolve investor, subservicer, and internal inquiries related to post-sale servicing activity
  • Identify recurring issues and recommend improvements to servicing transfer, reconciliation, and reporting processes

What You Bring:

  • High school diploma or equivalent required; Associate’s or Bachelor’s degree in Finance, Business, Accounting, or related field preferred
  • 1+ year of mortgage loan servicing, secondary marketing, post-closing, accounting/reconciliation, or related mortgage banking experience preferred
  • Experience with servicing transfers, investor reporting, loan sale reconciliation, or subservicer activity preferred
  • Experience working with Fannie Mae, Freddie Mac, Ginnie Mae, Federal Home Loan Bank, or other mortgage investors preferred
  • Working knowledge of residential mortgage servicing and secondary-market loan sale processes
  • Strong analytical, research, reconciliation, and problem-solving skills
  • High attention to detail with a commitment to accuracy
  • Strong organizational and time-management skills with the ability to manage multiple deadlines
  • Excellent written and verbal communication skills
  • Proficiency in Microsoft Excel, Word, and Outlook and the ability to learn mortgage and investor systems

Why Join Northpointe?

Join a collaborative, detail-driven environment where your work directly supports successful loan sales and servicing transfers. You’ll have the opportunity to expand your mortgage and capital markets expertise while contributing to accurate, efficient operations and strong investor relationships.

Our Hiring Philosophy

Northpointe Bank recognizes that the quality of our people is the foundation for our success. Attracting individuals who value a challenging work environment that rewards the contributions of its people is the cornerstone of our hiring philosophy.

It is the policy of Northpointe Bank and its subsidiaries to provide equal employment opportunities (EEO) to all persons regardless of age, race, sex, religion, national origin, handicap, marital status, or other attributes not pertinent to the job requirements. This policy reflects our practice of making all employment decisions, from recruitment to promotions, based on an individual's qualifications without discrimination on any basis.

Benefit Information:

  • Medical
  • Dental
  • Vision
  • Life, LTD, & AD&D
  • Dependent Care Spending Plan (DCSA)
  • Employer Stock Ownership Plan with 401(k) feature and company match
  • Complimentary Banking Services
  • Tuition Assistance 

Ready to Apply?

If you're ready to apply your mortgage expertise and analytical skills in a role that supports successful servicing transfers and investor relationships, we want to hear from you. At Northpointe Bank, this is more than a job — it’s the POWER of a CAREER.

AA – EOE

Employment Type: FULL_TIME