Carrington Mortgage Holdings, LLC

  • Loss Analysis Specialist

    Job Locations US-IN-Westfield
    Job ID
    2018-7073
    Position Category
    Servicing
    Company
    Carrington Mortgage Services, LLC
    Position Type
    Regular
  • Overview

    FOUNDED IN 2003, Carrington has evolved from a mortgage credit asset manager into a vertically-integrated real estate and mortgage company with four business divisions: Asset Management, Mortgage Servicing and Origination, Property Logistics and Management and Real Estate Services. TOGETHER, the Carrington Family of Companies has the ability to direct a range of activities across the life cycle of single family residential assets. TODAY, Carrington seeks to deliver to investors and consumers a comprehensive set of products and investment opportunities in the single-family residential markets with the ability to execute immediately.

     

    As a result of our continuing growth and success, Carrington Mortgage Services is seeking a Loss Analysis Specialist to join our team in Westfield, IN!

    Responsibilities

    The Loss Analysis Specialist will be responsible for performing reconciliation work on all liquidated loans to determine the avoidable and unavoidable loss for each loan. Protect the company and investor assets by maximizing claim recoveries and validating for supplemental opportunities while remaining in compliance. Determine the root cause for all avoidable losses, work under general direction analyzing multiple data elements in order to apply the proper decision rationale and attaching evidentiary information to accurate written summaries. Work in conjunction with management team in providing the best resolutions under general direction. Perform all duties in accordance with the company’s policies and procedures, all US state and federal laws and regulations, wherein the company operates.

     

    • Prepare of loss analysis review within 10 days of receipt of file that outlines the avoidable and unavoidable loss and cause of all avoidable loss and bill backs to vendors.
    • Analyze information to identify and illustrate potential trends, service level risks, and regulatory risks.
    • Upon completion of final loss analysis, responsible for closing the Fiserv workstation and verifying all balances including corporate and escrow advances are zero.
    • Perform review of all claims filed to monitor for supplemental claim possibility.
    • Keep up to date on all FHA, VA, USDA, PMI, and Fannie Mae servicing requirements and revisions.
    • Verify claim proceeds, short sale proceeds, and 3rd party foreclosure sale proceeds are accurately credited and all system balances are zero.
    • Prepare write-off/charge-off form for appropriate approval.
    • Exercise independent judgment when determining the cause of avoidable losses and causes for Government Sponsored Enterprise (GSE) compensatory fees and penalties.
    • Assume responsibility for completion of assigned duties. Exercise authority required to accomplish assigned duties and responsibilities and accept full accountability for results achieved.
    • Plan and schedule work so that it can be performed efficiently and effectively; reduce costs where possible.
      Learn new skills and expand job knowledge to better perform assigned duties.
    • Timely and accurately meets timelines and instructions provided by manager. If unable to meet a deadline, the deadline must be renegotiated prior to the initial deadline date.
    • Comply with all state and federal laws, regulations, investor and insurer guidelines.
    • Perform other duties as assigned.

    Qualifications

    • High School diploma required.Knowledge of all Default Servicing processes up to and including Loss Mitigation, Bankruptcy, Foreclosure, Conveyance and Claims in addition to mortgage servicing state, federal and agency guidelines and timelines.
    • Strong background in loss analysis including ability to determine: all funds/advances due the to Company have been claimed and received.
    • Excellent computer skills with MS Word, Excel.
    • Some college preferred.
    • Two (2) or more years of mortgage servicing default experience.
    • Previous FHA, VA, USDA and PMI claims experience preferred.
    • One (1) or more years’ Fiserv experience for all default related workstations preferred.

    EEO/AAP Employer

    Options

    Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
    Share on your newsfeed

    Connect With Us!

    Not ready to apply? Connect with us for general consideration.