Modifications & Deferments Specialist II

Socket.dev; Houston (TX); On-site; USD 65,000 - 90,000; Full time

Job summary

Newrez is seeking a Loss Mitigation Fulfillment Specialist II to maintain timely processing for all administrative Loss Mitigation workflows, including Modifications, Partial Claims, and Deferments, per investor guidelines. You will handle underwriting, document intake, and recordation across multiple jurisdictions, ensuring accuracy and regulatory compliance.

The role requires 2+ years in Mortgage Servicing or accounting, a 4-year degree, and strong Excel/Word skills.

Qualifications

• A 4-year college degree in Business Administration or another analytical field preferred.
• Minimum of 2 years’ experience in Mortgage Servicing or an Accounting field.

Responsibilities

• Timely creation of accurate financial terms according to investor programs for Modifications, Partial Claims, and Deferments.
• Underwriting based on investor criteria to certify approvals for modifications.
• Calculate modification terms according to investor rules and waterfalls.
• Perform QC to ensure accurate capitalization and new loan terms.
• Timely intake and system documentation of Modification, Partial Claim and Deferment documents.
• Provide instruction to Cash department for booking Modifications, Partial Claims, and Deferments.
• Process Settlements for Modifications and Deferments in required systems.
• Facilitate loan buyout from GNMA pools when necessary.
• Pre-foreclosure reviews to ensure efforts to avoid foreclosure meet regulatory guidelines.
• Produce Loss Mitigation Certification documents when required for foreclosure actions.
• Pre-sale reviews prior to foreclosure sale and documentation thereof.
• Send Modification documents to jurisdiction for recording within timeframes.
• Review county recording rejections to record modification documents and obtain title policy.
• Send recorded collateral documents to document custodian after recording.
• Review to ensure proper status for in-flight transferred loans.
• Ability to effectively convey information to others.
• Perform related duties as assigned by management.

Skills

Mathematical skills

Loss Mitigation knowledge

Excel & Word proficiency

Education

4-year college degree in Business Administration or analytical field

Tools

Microsoft Excel

Microsoft Word

Job description

Newrez is seeking a Loss Mitigation Fulfillment Specialist II to maintain timely processing for all administrative Loss Mitigation workflows, including Modifications, Partial Claims, and Deferments, per investor guidelines. You will handle underwriting, document intake, and recordation across multiple jurisdictions, ensuring accuracy and regulatory compliance.

The role requires 2+ years in Mortgage Servicing or accounting, a 4-year degree, and strong Excel/Word skills.