Modifications & Loss Mitigation Specialist II

NewRez LLC; Houston (TX); On-site; USD 55,000 - 75,000; Full time

Job summary

Newrez LLC in Houston, TX is seeking a Loss Mitigation Fulfillment Specialist II to manage timely processing of all administrative aspects of Loss Mitigation Fulfillment, including modifications, partial claims, and deferments, in accordance with investor guidelines and servicing system documentation.

The role requires underwriting, document intake, modification processing, and recordation across jurisdictions, with focus on accuracy, regulatory compliance, and coordination with Cash department

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

• Prepare accurate financial terms to produce Modification, Partial Claim, and Deferment documents.
• Underwrite 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.
• Coordinate with Cash department for booking Modifications and Deferments and ensure terms are updated in the servicing system.

Skills

Excellent Mathematical Skills

Detailed knowledge of Loss Mitigation

Education

4-year college degree in Business Administration or analytical field

Tools

Microsoft Excel

Microsoft Word

Job description

Newrez LLC in Houston, TX is seeking a Loss Mitigation Fulfillment Specialist II to manage timely processing of all administrative aspects of Loss Mitigation Fulfillment, including modifications, partial claims, and deferments, in accordance with investor guidelines and servicing system documentation.

The role requires underwriting, document intake, modification processing, and recordation across jurisdictions, with focus on accuracy, regulatory compliance, and coordination with Cash department