Mortgage Insurance Claims Specialist II
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What you'll do
- Review and monitor timelines for claim due dates and other claim related deliverables.
- Perform a forensic review of servicing from date of default to claim filing to determine key data elements and claimable expenses to maximize recovery of losses and incentives.
- Review all servicing notes, monthly servicing reporting, timelines, supporting document, and claims detail to ensure all documentation is accurate and sufficient.
- Monitor and communicate servicing updates as required to maintain claim eligibility and adherence to guidelines.
- Perform post-sale servicing functions as required by the guidelines for MI, investor, and HUD/VA/USDA including responding accurately and timely to requests for information and documentation.
- Research and resolve issues that arise as a part of the post-sale and claim timelines.
- Reconcile claims proceeds and file supplemental claims as needed, and track deferments.
- Effectively manage time-dependent deliverables for multiple claim types.
- Identify trends affecting efficiency, quality, and accuracy of claims.
- Assist in the completion of special and seasonal projects, such as audit or year-end.
- Perform other duties as assigned by management.
What they're looking for
- High School Diploma or equivalent required.
- 3+ years’ claims filing experience is required.
- Default-related mortgage servicing experience is required.
- Knowledge of FHA/VA/USDA default servicing guidelines required.
Nice to have
- College degree preferred.
- Proven or other Claim System experience preferred.
Summarised by NextRaise from the employer’s description, which follows in full below.
Full description from employer
Who We Are
At Newrez, we bring big thinkers and caring doers together to make home happen. We’re a team built on heart and hustle, united by a commitment to show up for our customers, our communities, and each other. We believe that when our people thrive, homeowners thrive - and that’s why we invest in your growth, wellbeing, and ability to make an impact.
Every day, we work to exceed the expectations of our residential mortgage borrowers and business partners through superior service, simple processes, and clear communication. We do this by empowering our employees, encouraging innovative solutions and recognizing great performance.
Primary Function
The Mortgage Insurance Claims Specialist II will be responsible for timely and accurate claims filing, as well as the compilation of complete claims packages, related to MI, government, and/or investor (GSE) reimbursement claims. This includes claims related post-sale functions such as property preservation and eviction updates, conveyance of title, title delivery, compilation of required documentation, and adherence to GSE (Freddie and Fannie) servicing requirements during the reimbursement timeframe, as well as responding appropriately to inquiries and requests from both internal and external sources.
Principal Duties
- Review and monitor timelines for claim due dates and other claim related deliverables.
- Perform a forensic review of servicing from date of default to claim filing to determine key data elements and claimable expenses to maximize recovery of losses and incentives.
- Review all servicing notes, monthly servicing reporting, timelines, supporting document, and claims detail to ensure all documentation is accurate and sufficient.
- Monitor and communicate servicing updates as required to maintain claim eligibility and adherence to guidelines.
- Perform post-sale servicing functions as required by the guidelines for MI, investor, and HUD/VA/USDA including responding accurately and timely to requests for information and documentation.
- Research and resolve issues that arise as a part of the post-sale and claim timelines.
- Reconcile claims proceeds and file supplemental claims as needed, and track deferments.
- Effectively manage time-dependent deliverables for multiple claim types.
- Identify trends affecting efficiency, quality, and accuracy of claims.
- Assist in the completion of special and seasonal projects, such as audit or year-end.
- Perform other duties as assigned by management.
Education and Experience Requirements
- High School Diploma or equivalent required.
- College degree preferred.
- 3+ years’ claims filing experience is required.
- Default-related mortgage servicing experience is required.
Knowledge, Skill, and Ability Requirements
- Knowledge of FHA/VA/USDA default servicing guidelines required.
- Proficient in Microsoft Office including, Outlook, Word, and Excel.
- Proven or other Claim System experience preferred.
- Familiar with GSE and government loan servicing guidelines.
- Experience reviewing processes, reports, and/or documents with a strong attention to detail.
- Ability to develop strong working relationships with key stakeholders, vendors, and peers.
- Excellent problem resolution and organizational skills.
- Excellent interpersonal and communication skills, written and verbal.
- Self-motivated with ability to work under timelines without direct supervision.
Additional Information:
While this description is intended to be an accurate reflection of the position’s requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.
All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Microsoft Authenticator. Employment will be contingent on this requirement.
Why Newrez
We’re a great place to work because we invest in what matters: your career, your community, your wellbeing, and your future. Our total rewards package is designed to support your whole self.
Company Benefits:
We offer benefits, programs, and perks that support you in every aspect of your life.
Medical, dental, and vision insurance
Health Savings Account with employer contribution
401(k) Retirement plan with employer match
Paid Maternity Leave/Parental Bonding Leave/Caregiver Leave
Adoption Assistance
Tuition & Certification reimbursement
Employee Mortgage Loan Program
The Newrez Employee Emergency and Disaster Fund is a program to support our team members experiencing hardships
Newrez NOW:
Through Newrez NOW, our Corporate Social Responsibility program, you’ll have opportunities to give back, lead, and make a difference.
1 company-paid Volunteer Time Off day (with over 40,000 volunteer hours contributed since our inception)
Matching Gifts Program - dollar-for-dollar up to $1,000
Access to grants, nonprofit resources, and volunteer opportunities
More than $6,000,000 donated since 2020
1 in 5 employees participates in at least one Employee Resource Group (ERG)
Equal Employment Opportunity
We're proud to be an equal opportunity employer- and celebrate our employees' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.
Company
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