Mortgage Insurance Loss Analysis Specialist

Primary Function

The Mortgage Insurance Loss Analysis Specialist will be responsible for performing a forensic review of the servicing of loans from date of default to final claim payment, performing root cause analysis of any servicing discrepancies, identifying contractual and non-contractual losses, and reporting losses to relevant parties.

Principal Duties

• Review all servicing notes, monthly servicing reporting, timelines, supporting documentation, and claims detail to ensure all government requirements were met.
• Work in conjunction with other departmental managers and operations supervisors in order to gather necessary documentation and information.
• Reconcile submitted claim to actual claim funds received.
• Reconcile losses incurred to determine assigned responsibility.
• Take ownership of all loss reporting, utilizing current reporting structures and developing new reporting, as necessary.
• Present findings and reporting to key stakeholders, management and others as directed.
• Perform ongoing monitoring of key indicators to detect and research unexplained variances which may be indicative of systemic quality control issues.
• Work closely with department manager in order to ensure departments are adhering to all government guidelines.
• Interpret regulatory requirements and investor guidelines to identify opportunities and manage a tracking and reporting mechanism to periodically communicate results.
• Support the department manager in maintaining a repository of business and process guidelines and trends to be used as a reference tool.
• Develop best practices to resolve deficiencies and meet regulatory compliance.
• Stay aware of policy and regulatory changes to maintain subject matter expertise.
• Assist in the preparation of files for the annual Housing and Urban Development audit as well as internal audits and third-party reviews.
• Performs related duties as assigned by management.

Education and Experience Requirements

Knowledge, Skill, and Ability Requirements

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 Okta Verify and Microsoft Authenticator. Employment will be contingent on this requirement.

Company Benefits : Newrez is a great place to work but we are only as strong as our greatest asset, our employees, so we believe in rewarding them!

Medical, dental, and vision insurance

Health Savings Account with employer contribution

401(k) Retirement plan with employer match

Paid Maternity Leave / Parental Bonding Leave

Pet insurance

Adoption Assistance

Tuition reimbursement

Employee Loan Program

The Newrez Employee Emergency and Disaster Fund is a new program to support our team members

Newrez NOW :

Our Corporate Social Responsibility program, Newrez NOW, empowers employees to become leaders in their communities through a robust program that includes volunteering, philanthropy, nonprofit grants, and more

1 Volunteer Time Off (VTO) day, company-paid volunteer day where all eligible employees may participate in a volunteer event with a nonprofit of their choice

Employee Matching Gifts Program : We will match monetary employee donations to eligible non-profit organizations, dollar-for-dollar, up to $1,000 per employee

Newrez Grants Program : Newrez hosts a giving portal where we provide employees an abundance of resources to search for an opportunity to donate their time or monetary contributions