Mortgage Servicing Claims Specialist

3 weeks ago


Irving, Texas, United States Professional Alternatives Full time
Job Summary

The Default Mortgage Servicing Specialist role at Professional Alternatives is a challenging and dynamic position that requires expertise in managing investor claims, particularly for Ginnie Mae (GNMA) and Fannie Mae (FNMA) loans.

Key Responsibilities

  • Prepare, file, and process investor claims for loans in default, ensuring compliance with relevant investor guidelines.
  • Review loan documentation, including foreclosure timelines, property preservation records, and legal fees, to prepare accurate and complete claims.
  • Monitor the status of claims submissions, follow up with investors, and resolve any discrepancies in a timely manner to minimize financial losses.
  • Ensure all claimable expenses, including interest, principal advances, legal fees, and property maintenance costs, are correctly submitted according to investor requirements.
  • Conduct thorough loan-level reviews of Broker Price Opinions (BPOs) to ensure accurate property valuation for investor claims, foreclosure proceedings, and REO processes.
  • Review foreclosure timelines for loans in default to ensure compliance with GNMA and FNMA timelines and requirements.
  • Maintain a thorough understanding of investor guidelines, including GNMA, FNMA, FHA, and VA requirements, to ensure accurate and compliant claim filing.
  • Collect and submit all necessary supporting documentation for claims, including foreclosure documentation, BPOs, property inspections, and legal fees.

Requirements

  • Experience in default mortgage servicing, with a focus on investor claims (GNMA and FNMA), foreclosure processes, and property valuations (BPOs).
  • Previous experience in foreclosure timeline management and loan-level review processes.
  • Familiarity with mortgage servicing systems and claims filing software.
  • Strong knowledge of GNMA, FNMA, FHA, and VA investor guidelines, foreclosure procedures, and property valuation methodologies (BPOs).


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