Loss Mitigation Fulfillment Specialist II

Newrez•Houston, TX

4d•Onsite

About The Position

The Loss Mitigation Fulfillment Specialist II is responsible for maintaining timely processing for all administrative aspects of Loss Mitigation Fulfillment workflow to ensure accurate programs are calculated, accounted for, and documented within the servicing system according to Investor guidelines, to include all production of Modifications, Partial Claims, Deferments, and any other applicable Loss Mitigation Workout programs. Performs underwriting, document intake, modification processing, and recordation as required by various jurisdictions, processing pre-foreclosure evaluations, and providing a second look review for any denied workout and performing reviews for any in-flight workouts for transferred loans.

Requirements

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.
Must have smart phones that meet Company security standards with the ability to install apps such as Microsoft Authenticator.

Nice To Haves

A 4-year college degree in Business Administration or another analytical field preferred.

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.
Ability to effectively and accurately convey information to others.
Performs related duties as assigned by management.