Sr. Default Claims Specialist

Cornerstone Capital Bank; Houston (TX); On-site; USD 75,000 - 105,000; Full time

Benefits offered by this job

Competitive salary

Medical insurance

Dental insurance

Vision insurance

401K

Paid parental leave

Performance-based bonus

Job summary

Cornerstone Capital Bank's Cornerstone Servicing is seeking a Senior Default Claims Specialist responsible for preparing, filing, and following up on FHA, VA, USDA, MI, Freddie Mac and Fannie Mae claims. They ensure claims are filed timely and accurately per investor guidelines.

The role requires deep knowledge of mortgage servicing, default claim processing, regulatory changes, and the ability to identify process gaps and propose solutions.

Qualifications

• 5+ years of experience in Default Claims.

Responsibilities

• Understands and manages claim milestones to ensure tasks are processed in compliance with all state and federal laws while maintaining compliance with Investor, Insurer, Agency, and company guidelines.
• Stays current with pending regulatory and investor guideline changes that could impact claims processes and effectively communicate these to leadership.
• Prepare and file all FHA, VA, USDA, MI, Freddie Mac and Fannie Mae timely and accurately according to investor/insurer/CHL guidelines and requirements.
• Manage a portfolio of all FHA, VA, USDA, MI, Freddie Mac and Fannie Mae claims derived from events pertaining to Foreclosure, Loss Mitigation and any other liquidation events.
• Cross train on various parts of the Loss Analysis process including data input and AOP review
• Monitors properties for title transfer and claim reimbursement, in strict accordance with investor insurer guidelines.
• Keeps management informed of all trends and impediments including, but not limited to, claim denials/curtailments, FHA re-conveyances, FHA offsets, etc.
• Ensure all claim documents are imaged and provided timely.
• Has the flexibility to learn new skills and expand job knowledge to better perform assigned duties.
• Moderate understanding of the default waterfall and how it pertains to different claims processes
• Ability to prioritize work to meet strict deadlines and SLA's
• Identify gaps in the department policies and procedures and provide recommendations and solutions
• Assist in training new team members to help further the new hire process
• Other duties as assigned

Skills

Default Claims

Mortgage Servicing

LoanSphere Claims

MSP experience

Communication skills

Time management

Tools

Windows

Microsoft Word

Excel

MS Outlook

Job description

***No agencies or 3rd party Recruiters please. Thank you! ***

Who we are:

Cornerstone Servicing, a division of Cornerstone Capital Bank, is a best-in-class mortgage servicer with a reputation for amazing service, customer satisfaction, employee retention and happiness! We employ people who are passionately committed to Cornerstone's Mission, Vision & Core Convictions.

We honor God by using our talents to make a positive difference in the lives of our Team Members, Clients, Shareholders, Communities, and the People who provide services to us.

Who we are looking for:

The Senior Default Claims Specialist will be responsible for preparing, filing, and following up on all FHA, VA, USDA, MI, Freddie Mac and Fannie Mae claims. They will ensure claims are filed timely and accurately according to insurer and investor guidelines. They will perform all duties in accordance with the company's policies and procedures. They will be required to be experts of mortgage servicing investors, state and federal guidelines pertaining to loan servicing, with specific emphasis on default claim processing. Additionally, the Senior Default Claims Specialist will be responsible for routinely identifying various process gaps and communicating suggested resolutions to leadership.

Key Responsibilities:

• Understands and manages claim milestones to ensure tasks are processed in compliance with all state and federal laws while maintaining compliance with Investor, Insurer, Agency, and company guidelines.
• Stays current with pending regulatory and investor guideline changes that could impact claims processes and effectively communicate these to leadership.
• Prepare and file all FHA, VA, USDA, MI, Freddie Mac and Fannie Mae timely and accurately according to investor/insurer/CHL guidelines and requirements.
• Manage a portfolio of all FHA, VA, USDA, MI, Freddie Mac and Fannie Mae claims derived from events pertaining to Foreclosure, Loss Mitigation and any other liquidation events.
• Cross train on various parts of the Loss Analysis process including data input and AOP review
• Monitors properties for title transfer and claim reimbursement, in strict accordance with investor insurer guidelines.
• Keeps management informed of all trends and impediments including, but not limited to, claim denials/curtailments, FHA re-conveyances, FHA offsets, etc.
• Ensure all claim documents are imaged and provided timely.
• Has the flexibility to learn new skills and expand job knowledge to better perform assigned duties.
• Moderate understanding of the default waterfall and how it pertains to different claims processes
• Ability to prioritize work to meet strict deadlines and SLA's
• Identify gaps in the department policies and procedures and provide recommendations and solutions
• Assist in training new team members to help further the new hire process
• Other duties as assigned

What you'll need to be successful:

• This position requires 5+ years of experience in Default Claims.
• This position requires 5+ years of experience in Mortgage Servicing.
• This position requires 1+ years of experience in LoanSphere Claims.
• This position requires experience in Default ClaimsHands-on Claims with all claim types listed above.
• Exceptional interpersonal skills in addition to verbal/written communication in a clear, concise, and professional manner
• Strong time management and organizational skills a must
• Knowledge and understanding of all Black Knight Products as they relate to default with at least 3+ year MSP experience.
• Advanced knowledge of basic computer software programs to include Windows, Microsoft Word and Excel, Internet, and Microsoft Outlook.

What we offer:

Because we recognize and reward hard work, we offer a competitive salary, Medical, Dental, Vision, , Accidental Death, Long-Term Disability, Short-Term Disability, FSA, HSA, 401K, Basic Life, Voluntary Life, and Paid Parental Leave benefits, as well as the opportunity for a performance based bonus based on position and department.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.