Sub-Servicer Oversight Operations Specialist
4 weeks ago
Job Summary
As a Sub-Servicer Oversight Operations Specialist at NewRez LLC, you will play a critical role in supporting the Sub-Servicer oversight program. This position involves managing and supporting various oversight, compliance, and operational functions, including repurchase management and collateral management.
Key Responsibilities
Manage and support the repurchase pipeline for Fannie Mae and Freddie Mac
Distribute loan file and missing document requests, notice of defects, repurchase demands, etc. to counterparties
Track incoming responses and upload timely to GSE websites
Facilitate the repurchase and/or indemnification process, including post-repurchase process
Create and distribute weekly repurchase trackers and obtain updates for counterparties
Ensure accuracy of MERS produced mandatory reports
Process deactivations in the MERS system for PIF, Short Sale, DIL, Default, and Bankruptcy, or transfer to Non-MERS
Confirm TOB & TOS batches from sub-servicers in MERS
Conduct monthly reconciliation of all MERS required fields
Provide data/documentation requested for MERS Document reviews on selected MINs to stay in compliance
Oversee and manage relationships with document custodians to ensure timely recertification for accurate reporting
Resolve agency exceptions with seller, sub-servicer, and agency teams for loans to be recertified
Work with sub-servicers to resolve document exceptions for loans to comply with company's ancillary agreement and Agency requirements
Perform related duties as assigned by management
Requirements
Bachelor's degree in Business related field
2+ years' experience working in a financial business
Excellent communication and administrative skills
Ability to work independently and as part of a team
Benefits
Medical, dental, vision, life, and disability insurance
401(k) Plan with company match
Employee Assistance Plan
Performance-based incentives
Pet insurance
Advancement opportunities
NewRez NOW program, empowering employees to become leaders in their communities through volunteering, philanthropy, and more
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