Senior Analyst, GSE Repurchase Management

The Investor Repurchase Business Unit conducts a loan review for all repurchase requests made by Investors for Representation and Warranty violations and all NOD or rescissions issued by MI providers. Issues identified in the repurchase demand or MI notification are investigated to determine if the request has merit. The senior analyst will assess the claims made by the investor or MI carrier and make a risk-based decision whether repurchase is necessary or rescission is warranted. Management will perform a multi-level review of repurchase decisions. Appeals will be issued to investors or MI companies at the discretion of the senior analyst when warranted. 

This position will be responsible to bring loans to final resolution and work with Repurchase Operations, Investor Reporting and Transfer Management to request funding for repurchases and complete the repurchase cycle. The Analyst will manage an individual pipeline of repurchases and/or MI rescissions. The position will partner with other business units to achieve efficiency and effectiveness. 

Job Functions and Responsibilities:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. 

• Review repurchase demands and Mortgage Insurance rescissions as assigned by department team lead or manager and determine appropriate course of action.
• Use business and analytical skills to draw information from loan documentation, as well as origination and servicing systems. Expected to formulate a concise and risk-based appeal, or provide a succinct, fact-based summary of why repurchase is warranted.
• Input data/information into a comprehensive database that tracks repurchases. 
• Ability to manage daily workflow for repurchases to ensure repurchase demands and MI rescission do not age beyond prescribed time limits.
• Strong underwriting knowledge/experience required and basic servicing experience preferred.
• General knowledge of Capital Markets, Servicing, Secondary Market Function, Mortgage Loan Origination Process, Foreclosure, Bankruptcy and Title Insurance
• Excellent communication skills and ability to interact with correspondents, investors, and internal parties in an informative and professional manner.

Primary customers of this position and type of contact:

• Lending channels, Correspondents, GSEs, MI Companies, Finance, Accounting, Investor Reporting, Various Servicing business units, Records Management, IT, Capital Markets and Risk.

Qualifications:

To perform this job successfully, an individual must have the following education and/or experience:

• Bachelor’s Degree preferred. 
• Minimum 5-8 years of mortgage banking experience in a variety of risk/underwriting, ops, credit, QC, etc. roles.
• Ability to identify and resolve issues related to repurchase demands
• Ability to efficiently manage a pipeline and adhere to timeline requirements.
• Strong analytical skills.
• Strong customer service skills
• Excellent verbal and written communication skills 
• Strong PC skills, (MS Office required)
• Knowledge of Automated Underwriting Systems (Desktop Underwriter®, Loan Prospector® etc.)
• Ability to think “outside the box” and provide creative solutions to repurchase demands and MI issues.

Training / Licensing Requirements: 

• Must pass the Company’s Background Screening process prior to beginning employment. Additionally, as a condition of employment, you may be required to pass client-specific background check requirements or Federal/State licensing requirements, if applicable.

#PHH

Onity Group Inc. is a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage.

PHH Mortgage, a subsidiary of Onity Group Inc., has been providing mortgage lending and servicing solutions since 1984 and is dedicated to maintaining responsible and ethical practices while delivering an exceptional customer experience. PHH offers industry-leading mortgage solutions for the entire mortgage lifecycle, including correspondent lending, MSR/Co-Issue, subservicing, commercial servicing, reverse mortgages and portfolio retention. We are one of the largest subservicers of residential mortgages in the United States and one of only two servicers in reverse mortgage lending.