FHA Loss Analyst

Freedom Mortgage•NJ Remote, NJ

2d•Onsite

About The Position

The Analyst, Loss Analysis is responsible for the QC, audit and oversight of claims filed. It is the Analyst’s duty to ensure that all claims comply with investor and insurer requirements and assist in the reduction of loss exposure to the Company. The Analyst will provide claims loss analysis reports weekly, monthly or as determined by management. In instances where a claims error is identified, a supplemental claim will be filed by the Analyst.

Requirements

Strong understanding of FHA, VA and GSE claims guidelines
Excellent organization skills
Attention to detail with a high level of accuracy
Excellent communication skills
Analytical and Problem Solving skills
Works well in a team environment
Ability to meet deadlines in a fast paced environment
Ability to manage time well and prioritize tasks
Microsoft Office experience and advanced Excel knowledge
Ability to effectively present information to supervisory, etc.
Ability to write reports and correspondence
Ability to read, analyze and interpret documents such as technical journals, financial reports, legal documents, policies and procedures
Ability to calculate basic financial figures and amounts
Proficient in computer skills and knowledge of word processing, spreadsheet, accounting, general ledger, accounts receivable, accounts payable, e-mail and internet software
Ability to define problems, collect data, establish facts, and draw valid conclusions
Ability to work with little supervision.
Ability to meet critical departmental and federal timelines with accuracy and efficiency.
Ability to build relationships with both internal and external clients/vendors.
Strong work and business ethics
High School diploma or equivalent required.
Minimum of five years of experience in the rebuttal of compensatory fees and curtailments process, investor claims processing, auditing and loss analysis reporting; or equivalent combination of education and experience.
An in-depth understanding of all government regulations pertaining to claims filing and reimbursement.
Ability to read and comprehend instructions, correspondence, memos, and work place policies.
Ability to analyze, interpret general business periodicals, professional journals, procedures and governmental regulations.
Ability to write professional correspondences.
Ability to write routine business reports.
Ability to speak effectively with other employees and/or customers.
Ability to present formal information in one-on-one and small group situations to customers and employees.
Ability to present information and respond to questions from groups of administrators, managers, employees, customers and/or the general public.
Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry.
Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.
Ability to carry out detailed written and/or verbal instructions.
Ability to solve problems involving concrete variables in standardized situations.
Ability to define problems collects data, establish facts, and draw valid conclusions.

Nice To Haves

Bachelor’s Degree from a Four (4) year College or University preferred.

Responsibilities

Complete loss analysis reviews to safeguard the servicer’s assets and insure compliance with insurer requirements
Analyze and rebut insurer curtailments for all government insured filed claims, including but not limited to conveyance, claims for advances, loss mitigation and non conveyance claims
Quality Control review for Default Claims, including supplemental claims to reduce loss exposure and provide loss analysis reports
Assist in compiling claims data for government claims audits, in addition reviewing auditors findings and providing rebuttal responses
Complete monthly write offs of remaining balances once all claims and supplemental funds received on an account
Act as a subject matter expert to the claims department to insure compliance on all claims filings
Correspond with vendors and site employees
Act as a point of contact/liaison, ensuring that policies and procedures relating to invoicing and remittance are followed, including compliance with federal laws and regulations
Demonstrates professional behavior and teamwork, is punctual, dependable and adheres to Company policies and procedures
Ability to work necessary hours to ensure success
Maintain regular and punctual attendance.
Performs other related duties as assigned.