Default Mortgage Claims Recovery Specialist

SERVION INC; New Brighton (MN); On-site; USD 30,307 - 41,328; Full time

Benefits offered by this job

Medical Insurance

Dental Insurance

Vision Insurance

Life Insurance

Discretionary Bonus Possible

Telehealth Services

401k with company match

Job summary

The Servion Group in Minnesota (New Brighton) is seeking a Mortgage Claims Recovery Specialist to manage filing, tracking, recovery, and reconciliation of mortgage-related insurance, government, investor, and reimbursement claims. You will work cross-functionally to maximize recoveries and ensure regulatory and contractual compliance.

The role requires strong analytical skills, attention to detail, and the ability to juggle multiple priorities in a fast-paced mortgage servicing environment.

Qualifications

• Strong analytical and root cause problem-solving skills.
• Deep understanding of investor guidelines and compliance requirements.
• High attention to detail, accuracy, and documentation standards.
• Ability to manage multiple deadlines and priorities in a fast-paced environment.
• Effective communication and cross-functional collaboration.
• Process improvement mindset with focus on risk mitigation and cost control.

Responsibilities

• Prepare, review, submit, and manage MI, FHA/HUD, VA, USDA, Fannie Mae, Freddie Mac, investor reimbursement, and other applicable claims from initiation through final resolution.
• Ensure claim submissions comply with investor, insurer, regulatory, and contractual requirements.
• Monitor claim inventories and proactively follow up to ensure timely processing and recovery of proceeds.
• Research and resolve claim deficiencies, denials, curtailments, rescissions, and other claim exceptions.
• Coordinate reimbursement and recovery efforts related to foreclosure, bankruptcy, property preservation, title, tax, and other default servicing activities.
• Review claim documentation, servicing records, and loan histories to ensure accuracy and completeness.
• Analyze losses and identify opportunities to improve recoveries and reduce claim-related losses.
• Assist with claim appeals and escalations when additional recovery opportunities exist.
• Identify trends, recurring deficiencies, and process improvement opportunities impacting claim performance.
• Partner with Default Servicing, Bankruptcy, Foreclosure, Loss Mitigation, Property Preservation, Accounting, and Investor Reporting teams to obtain and validate claim documentation.
• Collaborate with attorneys, trustees, vendors, title companies, insurers, and investors to resolve claim-related issues.
• Serve as a subject matter resource regarding claim requirements, filing procedures, and recovery activities.

Skills

Analytical skills

Root cause analysis

Compliance knowledge

Attention to detail

Multi-tasking

Communication

Process improvement

Education

High school diploma

Associate degree

Bachelor's degree

Tools

Microsoft Office

Mortgage servicing platforms

Job description

Description

SUMMARY:

The Mortgage Claims Recovery Specialist is responsible for managing the timely filing, tracking, recovery, and reconciliation of mortgage-related insurance, government, investor, and reimbursement claims. This role plays a critical part in maximizing recoveries, minimizing losses, and ensuring compliance with investor, insurer, regulatory, and contractual requirements.

The Mortgage Claims Recovery Specialist partners with internal departments, investors, insurers, attorneys, trustees, title companies, and third-party vendors to ensure claims are accurately prepared, submitted, monitored, and resolved. The ideal candidate is analytical, detail-oriented, and capable of managing multiple priorities in a fast-paced mortgage servicing environment.

ESSENTIAL RESPONSIBILITIES & DUTIES:

Entry Level

• Prepare, review, submit, and manage Mortgage Insurance (MI), FHA/HUD, VA, USDA, Fannie Mae, Freddie Mac, investor reimbursement, and other applicable claims from initiation through final resolution.
• Ensure claim submissions comply with all investor, insurer, regulatory, and contractual requirements.
• Monitor claim inventories and proactively follow up to ensure timely processing and recovery of proceeds.
• Research and resolve claim deficiencies, denials, curtailments, rescissions, and other claim exceptions.
• Coordinate reimbursement and recovery efforts related to foreclosure, bankruptcy, property preservation, title, tax, and other default servicing activities.
• Review claim documentation, servicing records, and loan histories to ensure accuracy and completeness.
• Analyze losses and identify opportunities to improve recoveries and reduce claim-related losses.
• Assist with claim appeals and escalations when additional recovery opportunities exist.
• Identify trends, recurring deficiencies, and process improvement opportunities impacting claim performance.
• Partner with Default Servicing, Bankruptcy, Foreclosure, Loss Mitigation, Property Preservation, Accounting, and Investor Reporting teams to obtain and validate claim documentation.
• Collaborate with attorneys, trustees, vendors, title companies, insurers, and investors to resolve claim-related issues.
• Serve as a subject matter resource regarding claim requirements, filing procedures, and recovery activities.

Reporting & Compliance

• Maintain accurate claim records, system documentation, and supporting files.
• Prepare and distribute recovery, aging, inventory, and management reports.
• Ensure compliance with investor guidelines, insurer requirements, company policies, and applicable regulatory standards.
• Support internal audits, external audits, investor reviews, and regulatory examinations

ESSENTIAL KNOWLEDGE, SKILLS & ABILITIES:

Required:

• Strong analytical and root cause problem-solving skills
• Deep understanding of investor guidelines and compliance requirements
• High attention to detail, accuracy, and documentation standards
• Ability to manage multiple deadlines and priorities in a fast-paced environment
• Effective communication and cross-functional collaboration
• Process improvement mindset with focus on risk mitigation and cost control

Preferred:

• Three (3) to five (5) years of mortgage servicing, default servicing, or mortgage claims experience. Intermediate proficiency with Microsoft Office Suite, including Excel, Outlook, Word, and Teams.
• Experience utilizing mortgage servicing platforms and claims management systems.

COMPENSATION: $22.49 - $29.87. per hour.

The Servion Group has provided a salary range that represents its good faith estimate of what the company may pay for the position at the time of posting. The specific salary offered will be determined based on factors such as the qualifications of the selected candidate, departmental budget, internal salary equity considerations, and available market information.

General Description of Benefits:

All full-time employees are eligible for Medical Insurance, Telehealth Services, Dental Insurance, Vision Insurance, Life Insurance, Short-term Disability, Long-term Disability, Legal and Identity Theft Protection, Critical Illness Insurance, Hospital Insurance, Accident Insurance, Participation in 401k Plan with up to 5% company match, and Discretionary Bonus Possible but not guaranteed.

Requirements

PREFERRED QUALIFICATIONS:

Education:

• High school diploma, GED or equivalent required; Associate's or Bachelor's degree preferred

Experience:

• Two (2) years of experience in mortgage servicing, claims administration, default servicing, foreclosure, bankruptcy, investor reporting, or a related field.
• Knowledge of mortgage servicing, default servicing, foreclosure, bankruptcy, loss mitigation, and investor reporting.
• Experience with Mortgage Insurance (MI), FHA/HUD, VA, USDA, Fannie Mae, Freddie Mac, or investor reimbursement claims.
• Familiarity with mortgage servicing systems and claims platforms

Licenses/Certifications: None