Home Mortgage Default Operations Specialist
About The Position
Home Mortgage Operations Specialist performs accounting functions for internal business lines such as Foreclosure, Litigation, Bankruptcy and Loss Mitigation. Home Mortgage Operations Specialist completes processes in accordance with investor/insurer guidelines and statutory requirements. Accounting functions are often complex and multi-layered and must be completed in a manner that protects our ability to file and collect investor/insurer Claims. Primary responsibilities include Completing Foreclosure and Deed-in-lieu Removals and Re-adds Processing Foreclosure 3rd Party sales proceeds, Redemptions and investor Charge offs Processing Reinstatements, Payoffs and Settlements on Foreclosure and Litigated Loans Completing Bankruptcy Cram downs and Lien Strips Combining Multiple Liens in REO Completing Loan Modification Capitalization, Partial Claims and Payment Deferrals Processing Loss Mitigation Short Sales Processing Suspense funds and Payment reversals Researching and Reconciling General Ledger accounts Assisting with post application Quality Control reviews Assisting with Invoice management tasks and projects Assisting management with various projects and other Investor Operations functions as needed . Key Success factors include: Knowledge of the Foreclosure process and state and statutory Foreclosure requirements Knowledge of Loss Mitigation Retention and Litigation options Knowledge of Bankruptcy processes Ability to solve complex accounting issues Ability to multi- task and meet firm deadlines
Requirements
- 3 to 5 years of experience with home Mortgage Default Management, Loss Mitigation, Foreclosure, Bankruptcy or extensive Cash Management Processing
- Strong Accounting background
- Knowledge of Investor/Insurer default management requirements
- Experience with Corporate Advance and General Ledger Accounts
- Strong organizational , analytical and problem-solving skills
- Ability to solve complex accounting issues
- Excellent communication skills
- Strong attention to detail
- Ability to manage competing priorities
- Knowledge of MSP
- Strong Microsoft office skills(Excel/Word)
- HS Diploma, College degree, Associates degree and/or minimum of 3 years mortgage default servicing experience
Responsibilities
- Completing Foreclosure and Deed-in-lieu Removals and Re-adds
- Processing Foreclosure 3rd Party sales proceeds, Redemptions and investor Charge offs
- Processing Reinstatements, Payoffs and Settlements on Foreclosure and Litigated Loans
- Completing Bankruptcy Cram downs and Lien Strips
- Combining Multiple Liens in REO
- Completing Loan Modification Capitalization, Partial Claims and Payment Deferrals
- Processing Loss Mitigation Short Sales
- Processing Suspense funds and Payment reversals
- Researching and Reconciling General Ledger accounts
- Assisting with post application Quality Control reviews
- Assisting with Invoice management tasks and projects
- Assisting management with various projects and other Investor Operations functions as needed
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
