Loss Mitigation QA Processor
Company: Freedom Mortgage
Location: Fishers
Posted on: January 13, 2021
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Job Description:
SummaryThis position is responsible for a variety of quality
control functions to ensure we are in compliance with regulatory
and investor underwriting and servicing requirements and
guidelines. Incumbent will perform monitoring, testing and
reporting on various functions within the--Loss
Mitigation--ddepartment.--Incumbent will be responsible
for--ensuring all time frames are met and--document findings. As
this work is highly variable based upon regulatory and investor
changes, this individual should expect to take on additional tasks
related audits, and--Loss Mitigation--functions as
appropriate.Essential Job Functions:* Perform a QA review of
incomplete packages and missing item letters for accuracy based on
the required doc matrix.* Re-Calculate modification principal
balance capitalization for approved retention options, taking into
account past due interest, escrow, and 3rd party advances.*
Maintain a balance between company policy and customer benefit in
decision making. Handles issues in the best interest of both
customer and Freedom Mortgage, offering options and alternatives to
best fit the situation.* Develop an understanding of loss
mitigation options as well as the overall delinquency resolution
process.* Willing to assume other duties/projects as assigned and
manage responsibilities with little to no supervision, ensuring
deadlines are met.Handle critical deadlines and projects as
assigned by the supervisor.* Responsible for--completing
a--secondary review--of all--documentation in FMC--the servicing
system, investor/insurer--systems--ie..--SMDU/UI and workout
prospector, review accuracy of--appropriate letters and/or tasks,
as well as--verify--documentation--in--EDMS to substantiate the
loss mitigation decision made for each account.* Complete
validation of all loss mitigation files for incoming/outgoing
servicing transfers.* Review and reconcile all vendor invoices for
loss mitigation and--Iclear--errors.* Monitor all exceptions for
trial and forbearance plans performance, follow up on unsigned
agreements.* Maintain extensive knowledge of investor, insurer and
client guidelines and time frames required for--processing a loan
workout.* Extensive knowledge ofinvestor, insurer workout
guidelines and functional knowledge of residential mortgage
documents.Supervisory Responsibilities:This job has no supervisory
responsibilities. Qualifications:To perform this job successfully,
an individual must be able to perform each?essential
satisfactorily. The requirements listed below are representative of
the knowledge, skill, and/or ability required. Reasonable
accommodations may be made to enable individuals with disabilities
to perform the?essential functions?of the job.Education and/or
Experience:* Bachelor's--Degree from a Four--(4) year College or
University* One (1) to two (2) years related experience and/or
trainingLanguage Skills:Ability to read, analyze, and interpret
general business periodicals, professional journals, technical
procedures, or government regulations. Ability to write reports,
business correspondence, and procedure manuals. Ability to
effectively present information and respond to questions from
groups of managers, clients, customers, and the general
public.Mathematical Skills:Ability to work with mathematical
concepts such as probability and statistical inference, and
fundamentals of plane and solid geometry and trigonometry. Ability
to apply concepts such as fractions, percentages, ratios, and
proportions to practical situations.Reasoning Ability:Ability to
solve practical problems and deal with a variety of concrete
variables in situations where only limited standardization exists.
Ability to interpret a variety of instructions furnished in
written, oral, diagram, or schedule form.Certificates, Licenses,
Registrations:None requiredPhysical Demands:The physical demands
described here are representative of those that must be met by an
employee to successfully perform the essential functions of this
job. Reasonable accommodations may be made to enable individuals
with disabilities to perform the essential functions. While
performing the duties of this job, the employee is frequently
required to sit and talk or hear. The employee is occasionally
required to stand; walk; use hands to finger, handle, or feel; and
reach with hands and arms. The employee must occasionally lift
and/or move up to 25 pounds.Work Environment:The work environment
characteristics described here are representative of those an
employee encounters while performing the essential functions of
this job. Reasonable accommodations may be made to enable
individuals with disabilities to perform the essential functions.
The noise level in the work environment is usually
moderate.Employer's Rights:This job description does not list all
the duties of the job. You may be asked byyour supervisors or
managers to perform other duties. You will be evaluated inpart
based upon your performance of the tasks and functions listed in
this jobdescription.The employer has the right to revise this job
description at any time. The jobdescription is not a contract for
employment, and either you or the employer mayterminate employment
at any time, for any reason.#CB#LI-ST1 Founded in Mount Laurel, NJ
in 1990, Freedom Mortgage has since grown into one of the largest
and fastest-growing privately owned full-service residential
lenders in the USA. Licensed in all 50 states, Washington D.C.,
Puerto Rico and the Virgin Islands, Freedom Mortgage has over 5000
employees nationwide, proudly servicing $225.6 billion, and is
still growing.Our mission is to foster homeownership in America.
Freedom is a leader in VA mortgage lending and is one of the
mortgage industry's largest philanthropic supporters of the USO and
military families through its Team Freedom Cares philanthropic arm.
Locations include suburban Philadelphia and Fishers, IN, two
regions where we were named Top Workplaces. We also have large
operating centers countrywide, including these desirable markets:
Beaverton , OR; Boca Raton, FL; Columbia, MD; Jacksonville, FL;
Melville, NY; Plano, TX; San Dimas, CA; Tempe, AZ; Troy, MI and
Woodbridge, VA.If you seek a sense of community, top training,
opportunity for advancement, a comprehensive benefits package and
reward and recognition program, look no further.Freedom Mortgage
Corporation is an Equal Opportunity Employer committed to workforce
diversity. Qualified applicants will receive consideration without
regard to age, race, color, religion, gender, sexual orientation,
national origin, or their status as a protected veteran or an
individual with disabilities. Local applicants encouraged to apply.
Employment contingent upon successful completion of background
investigation. Smoke-free workplace. Drug-free work environment.
Excellent benefits package including medical, dental, vision and
401(k). All resumes are held in confidence. Only candidates whose
profiles closely match requirements will be contacted during this
search. LENDER NMLS ID:2767 Equal Opportunity Employer-
Minorities/Females/Disabled/Veterans
Keywords: Freedom Mortgage, Fishers , Loss Mitigation QA Processor, Other , Fishers, Indiana
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