Carrington Mortgage Holdings, LLC

  • Loss Analysis Specialist

    Job Locations US-IN-Westfield
    Job ID
    2018-7191
    Position Category
    Servicing
    Company
    Carrington Mortgage Services, LLC
    Position Type
    Regular
  • Overview

    Carrington maintains the necessary infrastructure to ensure stability and maximize value during any market cycle. We are a fully integrated mortgage company supporting our customers by providing a broad range of real estate services encompassing nearly all aspects of single family residential real estate transactions in the United States.

                                                                                                                              

    Our Mortgage Servicing platform has continued to grow by focusing resources on excellent execution of our key competencies, including customer service, delinquency management, default management, loan administration, analytics and investor reporting – all while  preserving home ownership and providing world-class servicing. We’re always building our mortgage business with our customers in mind. Join us.

    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.

     

    What you’ll do:

    • 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.
    • 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.

    You’ll love this job if you’re:

    • Agile and Resourceful. You effortlessly shift gears and come up with workable solutions to problems.
    • Systematic and Diligent. You have a keen focus on the details and like to follow a plan.
    • Quality Focused and Industrious. You’re passionate about maintaining high standards and delivering results.

    Qualifications

    What you'll need:

    • High School diploma required, some college preferred
    • 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.
    • Excellent computer skills with MS Word, Excel.
    • 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

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