Investor Reporting Analyst, Valon Mortgage
$59.5-80.5k
Transforming $25B+ mortgage servicing market with software
Open for applications
Transforming $25B+ mortgage servicing market with software
201-500 employees
Open for applications
$59.5-80.5k
201-500 employees
Company mission
To champion homeowners on their financial journey, as the partner they trust with their home and future.
Role
Who you are
- As an Investor Reporting Analyst, you will be able to bring a strong work ethic, attention to detail and the ability to meet deadlines
- The right candidate has an eye for process improvement and is looking to make a meaningful contribution to an industry-leading FinTech company adding automation to the servicing industry
- Excellent critical thinking and problem-solving skills
- Excellent collaboration and communication skills
- Finance or accounting degree or 2-3 years of experience in an accounting or finance role
- Must be available to collaborate and communicate in regularly held in-person meetings
Desirable
- Bachelor’s Degree or equivalent preferred
- 1+ years of experience in an investor reporting or finance function
- Servicing transfers is a plus but not required
- Familiarity with large data set analysis in Excel
- Experience with SQL preferred (not required, but a nice to have)
What the job involves
- As a member of the Investor Reporting team, you will be responsible for assisting in our day-to-day operations, including daily and monthly reporting and remitting to Fannie Mae, Freddie Mac, and Non-GSE investors
- Additionally, you will be working alongside management and other cross-functional stakeholders to help scale processes, assist in the creation of new reporting processes, and identify areas for improvement
- Execute and problem-solve in day-to-day operations for the Investor Reporting business
- Complete daily reporting requirements to investors within the SLA timeline
- Perform daily reconciliation from system processing and research into resolution of variances
- Perform root cause analysis and resolution of daily rejects between Valon’s servicing platform and the investor’s expected values
- Review investor purchase advice from investor sites and process loan transfers to investor portfolios in a timely manner
- Review bulk data from different servicing platforms for onboarding of loans into client portfolios
- Review and remit funds to investors and clients within the SLA’s
- Perform test of cash research to identify potential cash and non-cash items that contribute to differences between the adjusted bank balances and the cash book
- Collaborate with other servicing departments in building or improving cross departmental tasks
- Assist with audits by providing required documentation or research as requested
- Provide feedback on existing processes and process changes to improve efficiency of operations
- Collaborate with the Product Managers and Engineering team to successfully implement new products or improvements to existing products
- Scope upcoming changes from the GSE’s and determine impacts on system and operational processes
Our take
Valon is attempting to bring smoother, clearer customer service to the often unsophisticated industry of mortgage services. Its cloud-native mobile platform allows borrowers to make payments and manage escrow accounts while avoiding time-consuming call centers, inaccurate information and poorly designed websites. In turn, lenders can use the platform to request API feeds to gather information on customer performance.
The company is aiming to disrupt and bring down the costs in a market that it sees as heavily monopolized, and which is largely devoid of customer-oriented innovation. Currently, mortgage servicing giant Black Knight controls over half of all residential loans in the US, the result of which has seen a 250% increase in servicing costs in the last decade.
Valon's growth so far has been remarkable. The company went from zero contracts in 2019 to $10 billion in mortgages in 2020. Its remarkable growth attracted over $70 million in funding in 2021. On top of this boost, it has further diversified its capabilities to include servicing government-sponsored home loans from the Federal National Mortgage Association.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
21% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Jul 2024
$69.8m
LATE VC
Aug 2022
$61.5m
LATE VC
Total funding: $248.8m
Company benefits
- Fully Covered Healthcare Premiums on Zero Deductible Medical/Dental/Vision Insurance Plans
- Flexible Sick Days
- Equity Packages
- Generous Vacation Policy + Multiple Company Holidays
- Provided Laptop, Custom Acessories, and Ergonomic Equipment
- Commuter Benefits
- Paid Parental Leave
- Unlimited Snacks and Drinks
Company values
- Do what’s best for Valon - We always do what’s best for the business. We prioritize Valon’s long-term success over personal or departmental interests. Every decision should keep in mind what’s globally optimal for Valon.
- Deliver impact - We do the hard thing to get the job done—specifically, to get the job done right. Valon values high ownership, end-to-end accountability, and delivering concrete outcomes.
- Communicate with candor - Valon values intellectual honesty and direct communication for both individual growth and the best possible outcomes. We stay humble and open-minded.
- Act with urgency - We operate with a strong bias for action to make fast progress consistently. This compounds, and we win by moving mountains over long time periods.
- Reason from first principles - We believe in thinking deeply and precisely. We empower our team with deep business context so they can build their reasoning from the ground up rather than being bound by convention or what everyone else does.
- Focus on what matters most - We constantly assess and re-orient ourselves to do the work that matters most for the business. We are always laser-focused on pushing the business forward.
Company HQ
Union Square, New York, NY
Articles
Leadership
Andrew Wang
(CEO)Studied Computer Science at Harvard. Interned as a Software Engineer at The White House, and Google. Was an Analyst at Goldman Sachs. Spent 4 years as a Principal to Soros Fund Management.
Linda Du
(COO)Studied Computer Science and Statistics at Harvard. Worked at Samlyn Capital and Two Sigma prior to joining Valon.
Jake Mintz
(CPO)Studied Electrical Engineering at Santa Clara University. Co-founded Bump Technologies which was acquired by Google.
Share this job
View 10 more jobs at Valon Mortgage