Loss Mitigation Fulfillment Specialist I

Coast One Mortgage; Houston (TX); On-site; USD 42,000 - 62,000; Full time

Benefits offered by this job

Medical, dental, and vision insurance

401(k) Retirement plan with employer 1

Paid maternity leave

Job summary

Newrez is seeking a Loss Mitigation Fulfillment Specialist I to manage timely processing of Modifications, Partial Claims and Deferments. You will support underwriting, modification processing, and document recordation across jurisdictions, ensuring regulatory guidelines are met and deadlines are adhered to.

The role requires a 4-year degree in a related field and 1 year in mortgage servicing or accounting, with strong Excel/Word proficiency.

Qualifications

• A 4-year college degree in Business Administration or another analytical field preferred
• 1 years’ experience in Mortgage Servicing or an Accounting field preferred

Responsibilities

• Timely intake and system documentation of Modification, Partial Claim and Deferment documents
• Provide instruction to Cash department with specifics for booking Modifications, Partial Claims and Deferments
• Perform pre-foreclosure reviews 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
• Send Modification documents to the appropriate jurisdiction for recording within required timeframes
• Send recorded collateral documents to document custodian once recorded within investor guidelines
• Review status for any in-flight transferred loan
• Effectively convey information to others

Education

Bachelor's degree in Business Administration or analytical field

Tools

Microsoft Excel

Microsoft Word

Job description

Who We Are

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.

POSITION SUMMARY

The Loss Mitigation Fulfillment Specialist I is responsible for maintaining timely processing for various administrative aspects of Loss Mitigation Fulfillment workflow to include production, intake and review of Modifications, Partial Claims, Deferments, and any other applicable Loss Mitigation documents. Assists with underwriting, modification processing, and recordation of documents 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.

DESCRIPTION

Essential Functions, Duties, and Responsibilities 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. 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. 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.

Qualifications and Education Requirements

A 4-year college degree in Business Administration or another analytical field preferred 1 years’ experience in Mortgage Servicing or an Accounting field preferred.

Skills, Abilities, and Knowledge

Excellent Mathematical Skills Knowledge of Loss Mitigation program guidelines Proficient with Microsoft Excel, Word

Work Environment and Physical Requirements

Working on-site at assigned office location. Regular and punctual attendance adhering to schedule established by leadership. Flexibility to work occasional adjusted work schedules, overtime, and evening and/or weekend hours to meet deadlines or as business needs demand. Working in a cubicle hub, maintaining focus on phone calls in a noisy environment within earshot of multiple other conversations. Sedentary work in a stationary position at a cubicle for prolonged periods of time. Constant repetitive motions required for operating a computer, such as typing and managing phone calls. Constantly communicating effectively verbally in English, including accurately exchanging information with others following identification of correct procedures.

REVISION HISTORY

Last Updated: 2023

Additional Information

While this description is intended to be an accurate reflection of the position’s requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary. All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Microsoft Authenticator. Employment will be contingent on this requirement.

Why Newrez

We’re a great place to work because we invest in what matters: your career, your community, your wellbeing, and your future. Our total rewards package is designed to support your whole self. Company Benefits: We offer benefits, programs, and perks that support you in every aspect of your life. 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 Newrez NOW: Through Newrez NOW, our Corporate Social Responsibility program, you’ll have opportunities to give back, lead, and make a difference. 1 company-paid Volunteer Time Off day (with over 40,000 volunteer hours contributed since our inception) Matching Gifts Program - dollar-for-dollar up to $1,000 Access to grants, nonprofit resources, and volunteer opportunities More than $6,000,000 donated since 2020 1 in 5 employees participates in at least one Employee Resource Group (ERG)

Equal Employment Opportunity

We\'re proud to be an equal opportunity employer- and celebrate our employees\' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.

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CA Notice at Collection

The right company in the right industry. In both good economic times and bad, people need homes - and mortgages to buy them. We help these people every day buy homes or refinance their current mortgage loans. In addition to offering an in-demand product, there are two things you should know about us: We value and reward entrepreneurial spirit, and we are growing. Few lenders are as innovative, as financially solid, as well managed and on track to become America’s leading lender as the Newrez Family of Companies. We deliver products and services that turn prospects into delighted customers —providing abundant opportunity for the great people who work here. These competitive advantages set us apart, and they’re why you can grow with us for the long term.