Loss Mitigation Fulfillment Specialist II

Newrez LLC • Houston, TX

6d • Onsite

About The Position

At Newrez, we bring big thinkers and caring doers together to make home happen. We’re a team built on heart and hustle, united by a commitment to show up for our customers, our communities, and each other. We believe that when our people thrive, homeowners thrive - and that’s why we invest in your growth, wellbeing, and ability to make an impact. Every day, we work to exceed the expectations of our residential mortgage borrowers and business partners through superior service, simple processes, and clear communication. We do this by empowering our employees, encouraging innovative solutions and recognizing great performance. 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.

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.

Benefits

• Medical, dental, and vision insurance
• Health Savings Account with employer contribution
• 401(k) Retirement plan with employer match
• Paid Maternity Leave/Parental Bonding Leave/Caregiver Leave
• Adoption Assistance
• Tuition & Certification reimbursement
• Employee Mortgage Loan Program
• The Newrez Employee Emergency and Disaster Fund is a program to support our team members experiencing hardships
• 1 company-paid Volunteer Time Off day
• Matching Gifts Program - dollar-for-dollar up to $1,000
• Access to grants, nonprofit resources, and volunteer opportunities

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level