Default Referral Analyst, I
Company: Freedom Mortgage
Posted on: June 12, 2021
To perform this job successfully, an individual must be able to
perform each essential function satisfactorily. The requirements
listed 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
Education and/or Experience:
College Degree or equivalent preferred; 1-3 years Mortgage
Default Servicing Claims experience preferred or equivalent
combination of education and experience.
Possess the ability to work independently as a team player and
adapt to a fluid work environment with changing regulations and
Detail oriented, excellent problem solving and organization
skills. Working knowledge of Outlook, Word, Excel and Adobe
The Default Referral Analyst will be responsible for reviewing,
analyzing and processing an assigned portfolio of accounts in
active bankruptcy of those identified as possible foreclosure
referrals. Under the direction of the Default Referral Supervisor,
the Default Referral Analyst will be responsible for the analysis
of accounts to ensure the Foreclosure or Bankruptcy process is
completed accurately in adherence to mandatory state and investor
timelines by acting as a liaison between the various areas in
default and outside counsel.
Essential Job Functions:
- Responsible for ensuring compliance with directives, both
verbal and electronic, from regulatory agencies, CFPB, GSE's,
investors and insurers for Default Services functional work
- Review daily reports to ensure investor and Freedom Mortgage
guidelines are met timely with respect to breach letters,
foreclosure hold statuses, etc to prevent fines and reduce errors
found during investor audits.
- Analyze & manage FCL and BKR timeline performance to ensure
that no more than 10% of monthly case-load is past standard to
eliminate monetary penalties up to $100.00 per day for each day
- Create and send referral packages to Foreclosure or Bankruptcy
counsel based on investor, insurer and Freedom Mortgage
- Ensure that all cases in which Freedom Mortgage has exposure
are escalated to management & In-house legal.
- Prepare and file Proofs of Claim, Notices of Payment Change,
Reaffirmation Agreements, and other bankruptcy related
- Work closely with other default personnel (collections, loss
mitigation, and REO) to ensure a seamless transition for loan
accounts which move from one are of responsibility to another, for
cross training purposes, and to assist other areas due to changes
in workload and staffing.
- Review collateral/partial lien releases & gather all necessary
information (valuation, proposed compensation, & parcel legal
descriptions, etc.) for release of collateral, analyze the proposal
for its economic impact on the beneficiary of the loan & make
recommendation to management.
- Follow up on all Foreclosure and Bankruptcy required actions
monthly to ensure investor guidelines and monthly status
requirements are met to prevent fines & reduce errors found during
- review of various current reports and assistance with
identification of new reports, including ensuring department SLAs
- Establish and foster a work culture at all levels within the
operation which is positive, collaborative, respectful, optimistic,
and capable of driving long term operational sustainability.
- Prepare files for internal and external audits including
miscellaneous research, filing and mailing.
Other Related Duties:
Performs other related duties as assigned.
Keywords: Freedom Mortgage, Fishers , Default Referral Analyst, I, Other , Fishers, Indiana
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