Pine River Capital Management

Controls & Remittance Specialist, Two Harbors

Job ID
# Positions
Experience (Years)
Two Harbors - Operations


 Two Harbors Investment Corp.


Two Harbors Investment Corp. is a publicly traded mortgage real estate investment trust, or REIT. Our objective is to provide an attractive risk-adjusted total return to our stockholders over the long-term through dividends and capital appreciation. Our mission is to be recognized as the industry-leading mortgage REIT.  We take an opportunistic investment approach to the residential mortgage sector, including residential mortgage-backed securities, mortgage servicing rights and other financial assets.

Two Harbors today is the largest hybrid mortgage REIT with a market capitalization of over $3 billion. Two Harbors is externally managed and advised by PRCM Advisers LLC, a wholly owned subsidiary of Pine River Capital Management L.P.  Two Harbors trades on the NYSE under the ticker symbol “TWO”.


Pine River Capital Management

Pine River Capital Management is a global alternative investment firm focused on relative value trading across a wide range of markets, regions and asset classes. Founded in early 2002, the firm provides alternative investment solutions to qualified clients through commingled hedge funds, separate accounts, listed investment vehicles, and committed capital vehicles. Pine River is headquartered in Minnetonka, Minnesota, with offices in New York, London, and Hong Kong.


Position Desription:

Two Harbors is seeking a mortgage servicing controls and remittance processor who will perform a wide variety of duties to support the Residential Servicing and Operations group. Efforts will be centered on servicer billing validation, cash remittances, cash reconciliations, reporting, automation opportunities, and enhancements to existing tools. Qualified candidates will be flexible, results oriented, self-starting, possess strong communication skills, have a background in mortgage billing, and familiarity with the secondary mortgage market.


  • Reconciling, uploading, and processing billing statements from various mortgage servicers.
  • Collecting and loading reports to an internal server to facilitate reconciliations.
  • Reconciling account payable and receiveable accruals for mortgage servicing assets reimbursed or billed by third parties.
  • Processing wire requests, check requests, and P & I advance request from various mortgage servicers.
  • Reconcile and process payments for loans pledge to financing facilities.
  • Partner with the Servicing Oversight managers to effectively communicate exceptions, remittance analysis, and reporting.
  • Other duties as assigned.


  • Undergraduate degree in finance, accounting, business administration, or related field of study.
  • 2+ years’ experience in the mortgage industry, working with mortgage data, or working with mortgage servicing systems.
  • General mortgage origination/servicing experience is a plus, including knowledge of GSE requirements and regulations  (FNMA, FHLMC, HUD).
  • Strong time management skills with an acute attention to detail.
  • Advanced proficiency in MS Excel.
  • Experience working with MSP/LSAMS/Black Knight servicing systems is a plus.
  • Experience with SSMS and SSIS is a plus.

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