Contract Administrator

MidFirst Bank
United States, Oklahoma, Oklahoma City
Feb 03, 2025
Description The Contract Administrator position will organize, assist, and support the daily responsibilities associated with mortgage servicing transfers and ongoing management of contracts and contract relationships associated with prior mortgage servicing transfers. Daily assistance of all Transaction Management Functions; this includes but is not limited to: Direct support of all Transaction Management projects beginning with onboarding ending with a successful mortgage servicing transfer. Assist with the preparation, review, and organization of legal documents related to transactions, including contracts, agreements, and closing documents. Maintain and update transaction checklist to ensure all deadlines and requirements are met prior to closing, during closing, and post-closing. Coordinate and organize documents for closings, including preparing signatures, compiling documents, and storing final executed copies. Coordinate and conduct routine meetings with Sellers throughout the transaction lifecycle. Identify and communicate onboarding counterparty issues. Support onboarding & closing timeline with external counterparty. Manage, coordinate, and track closing and post-closing matters effectively. Provide support to Management, Analysts, and Corporate Technology on the design, development and management of servicing transfer reporting, infrastructure and workflow. Communicate details of upcoming servicing transfers with internal and external stakeholders including executed agreements, transfer instructions, and controls. Situational involvement with internal workgroups for specialized projects. Provide assistance in drafting, reviewing, and approving prior servicer claims including review and approval of letters, reporting, and meditation of appealed claims. Provide support to management on situational guidance to business units on interpretation and contract application to loan-level scenarios. ASSOCIATED PERFORMANCE CRITERIA Supervision Received Work is performed with supervision. Job Complexity Job duties are varied and can be complex. PREREQUISITE PREPARATION Associate's degree or Paralegal certificate from an accredited program Experience with mortgage servicing is a plus, but not required. Project management skills are a plus, but not required. Previous experience or internship in a corporate legal environment is a plus, but not required. OTHER POSITION REQUIREMENTS Ability to succeed in a fast-paced, goal driven environment and able to meet critical deadlines Excellent verbal and written communication skills Excellent critical thinking and analytical skills Excellent attention to detail Proficiency with Microsoft Applications (Excel, Word and PowerPoint) required, Access knowledge preferred Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)