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Job Openings >> Mortgage Insurance Loss Analysis Specialist
Mortgage Insurance Loss Analysis Specialist
Summary
Title:Mortgage Insurance Loss Analysis Specialist
ID:1979
Department:Default Support
Location:Houston, TX
Description

Summary:

 

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.

 

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
  • Other duties as assigned

 

Qualifications/Skills:

  • Default-related mortgage servicing experience is required
  • Minimum 3+ years of claims filing experience is required
  • Knowledge of FHA/VA/USDA default servicing guidelines required
  • Proficient in Microsoft Office including, Outlook, Word and Excel
  • CMAX Claim System experience preferred
  • Familiar with GSE and government loan servicing guidelines
  • 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

Educational Requirements:

  • High School Diploma required

  • College degree preferred but not required

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