Mortgage Insurance Loss Analysis Specialist

Newrez LLC•Coppell, TX

12d•Onsite

About The Position

The Mortgage Insurance Loss Analysis Specialist will be responsible for performing a forensic review of the servicing of loans from date of default to final claim payment, performing root cause analysis of any servicing discrepancies, identifying contractual and non-contractual losses, and reporting losses to relevant parties.

Requirements

High school diploma or equivalent, required.
Minimum 3+ years of claims filing experience is required.
Default-related mortgage servicing experience is required.
Knowledge of FHA/VA/USDA default servicing guidelines required.
Proficient in Microsoft Office including, Outlook, Word, and Excel.
Experience reviewing processes, reports, and/or documents with a strong attention to detail.
Ability to develop strong working relationships with key stakeholders, vendors, and peers.
Excellent problem resolution and organizational skills.
Excellent interpersonal and communication skills, written and verbal.
Self-motivated with ability to work under timelines without direct supervision.
Knowledge of sound risk management practices for mortgage servicing functions.
All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Microsoft Authenticator.

Nice To Haves

College degree preferred.
Proven or other Claim System experience preferred.
Familiar with GSE and government loan servicing guidelines.

Responsibilities

Review all servicing notes, monthly servicing reporting, timelines, supporting documentation, and claims detail to ensure all government requirements were met.
Work in conjunction with other departmental managers and operations supervisors in order to gather necessary documentation and information.
Reconcile submitted claim to actual claim funds received.
Reconcile losses incurred to determine assigned responsibility.
Take ownership of all loss reporting, utilizing current reporting structures and developing new reporting, as necessary.
Present findings and reporting to key stakeholders, management and others as directed.
Perform ongoing monitoring of key indicators to detect and research unexplained variances which may be indicative of systemic quality control issues.
Work closely with department manager in order to ensure departments are adhering to all government guidelines.
Interpret regulatory requirements and investor guidelines to identify opportunities and manage a tracking and reporting mechanism to periodically communicate results.
Support the department manager in maintaining a repository of business and process guidelines and trends to be used as a reference tool.
Develop best practices to resolve deficiencies and meet regulatory compliance.
Stay aware of policy and regulatory changes to maintain subject matter expertise.
Assist in the preparation of files for the annual Housing and Urban Development audit as well as internal audits and third-party reviews.
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