New Penn Financial - Houston, TX

posted 2 months ago

Full-time - Mid Level
Houston, TX
Credit Intermediation and Related Activities

About the position

The Loss Mitigation Fulfillment Specialist II plays a crucial role in ensuring timely and accurate processing of Loss Mitigation Fulfillment workflows within the mortgage servicing sector. This position focuses on maintaining compliance with investor guidelines while providing superior service to residential mortgage borrowers and business partners. The specialist is responsible for various administrative tasks, including underwriting, document processing, and quality control, to facilitate effective loss mitigation solutions.

Responsibilities

  • Timely creation of accurate financial terms according to individual investor program guidelines to produce final Modification, Partial Claim, and Deferment documents to be sent to homeowners.
  • Underwriting based on qualifying investor criteria to certify approvals for modifications.
  • Calculate modification terms according to various investor rules and waterfalls.
  • Perform QC to ensure mathematical calculations for capitalization and new loan terms are accurate.
  • Timely intake and system documentation of Modification, Partial Claim and Deferment documents received.
  • Provide instruction to Cash department with specifics for booking Modifications, Partial Claims and Deferments and ensure all terms are correctly updated within the servicing system.
  • Process Settlements for Modifications and Deferments in GSE systems within required timeframes.
  • Facilitate loan buyout from GNMA pools, when necessary, prior to any modification of loan terms according to GNMA guidelines.
  • Perform pre-foreclosure reviews for qualifying accounts to ensure all reasonable efforts to avoid foreclosure have been met according to regulatory guidelines.
  • Produce Loss Mitigation Certification documents when required for Foreclosure actions to proceed.
  • Perform Pre-sale reviews prior to foreclosure sale and provide documentation thereof.
  • Send Modification documents to the appropriate jurisdiction for recording within required timeframes.
  • Review and remediate county recording rejections to record modification documents and obtain title policy.
  • Send recorded collateral documents to document custodian once recorded within investor guidelines.
  • Perform review to ensure proper status for any in-flight transferred loan.

Requirements

  • A 4-year college degree in Business Administration or another analytical field preferred.
  • Minimum of 2 years' experience in Mortgage Servicing or an Accounting field.
  • Excellent Mathematical Skills.
  • Detailed knowledge of Loss Mitigation program guidelines.
  • Proficient with Microsoft Excel and Word.

Benefits

  • Paid parental leave
  • Health savings account
  • Health insurance
  • Dental insurance
  • Matching gift program
  • Tuition reimbursement
  • Adoption assistance
  • Vision insurance
  • 401(k) matching
  • Volunteer time off
  • Pet insurance
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