Claims Specialist

📋 Description

• Accurately prepare, submit, and monitor FHA, VA, USDA, FNMA, FHLMC, PMI, and investor claims within the designated timeframes.

• Execute thorough loan-level reconciliations by comparing claimed amounts, paid amounts, and outstanding debts (which include escrow and corporate advances).

• Prepare and submit supplemental claims as needed, collaborating with foreclosure, loss mitigation, and bankruptcy teams to gather necessary documentation.

• Collaborate with the Escrow Department to ensure that taxes and insurance are properly maintained, paid on time, and canceled or endorsed according to the requirements of investors and insurers.

• Accurately and comprehensively document all activities related to claims within the Claims Pipeline Sharepoint.

• Conduct prompt audits of assigned claims to verify compliance and ensure accuracy and completeness of claims.

• Guarantee that loans are fully liquidated and removed from MSP within 48 hours of receiving the final claim proceeds.

• Carry out additional tasks as delegated by the Claims Department Supervisor or management.

⛳️ Requirements

• Extensive knowledge of foreclosure and mortgage claims processes and workflows.

• Proven understanding of FHA, USDA, VA, FNMA, FHLMC, MI, and other investor or insurer foreclosure and claims requirements.

• General awareness of investor and PMI practices.

• Strong comprehension of residential mortgage products and consumer lending.

• Practical knowledge of mortgage servicing, including default, escrow, payoff, cashiering, and ARM servicing.

🏝️ Benefits

• Competitive salary and performance-based incentives.

• Comprehensive health and wellness benefits.

• Opportunities for professional development and career advancement.

• Supportive and inclusive work environment.