Sr Loss, Claims Recovery & Analysis Analyst

The Sr Claims & Recovery Loss Analysis Analyst is responsible for ensuring the proper incurred losses were identified and the financial reconciliation is accurately completed on all liquidated loans.  Key reviewer of loss analysis decisions which include validating the determined responsibility and root cause for avoidable losses, ensuring they meet quality expectations and reflect proper decision rationale, have supporting evidence and identify any bill back opportunities.  Provide final confirmation of communications to external investors regarding on loss analysis findings.  Perform all duties in accordance with the company’s policies and procedures, all US state and federal laws and regulations, wherein the company operates.  The target pay range for this position is $24.50/hr - $28.00/hr.

 

What you’ll do:

Review reconciliation of all loan advances once the GSE or Government Mortgage Insured “expense” claim has been paid

Confirm all prior tasking in LoanServ has been completed as well as update approval tasks as required per job aid upon the date the action occurs.

• Issue corrections identified during the Quality Review Process, communicating findings to Loss Analyst for remediation.  Ensure Loss Analyst provides corrections as needed.
• Validate detail written explanations provided on decisioned losses are appropriate in order to dispute financial impact
• Handles final sign off and submission of remittances stemming from Loss Analysis reconciliation review
• Review procured support for rebuttal responses from external partners / investors
• Responsible for learning new skills and expand job knowledge to better perform assigned duties.
• Maintain monthly performance in alignment with quality expectations.
• Analyze multiple data elements in order to confirm the proper decision rationale and approve evidentiary support is included and written summaries are accurate. 
• Validate research on incurred losses, using analytical skills and subject matter knowledge to confirm responsibility and bill back opportunities.
• Responsible for staying abreast of relevant changes to GSE or Government Mortgage Insured guidelines, industry standards and client expectations.
• Ensure timely completion of projects and tasks when assigned.  If unable to meet a deadline, the deadline must be renegotiated prior to the initial deadline date.
• Look for opportunities to improve the department’s processes and procedures, to reduce costs and eliminate non-essential and manual processes and activities.
• Keep Team Lead and Supervisor informed of all trends and problems including, but not limited to, exceptions identified in review of Loss Analysis processes.
• Strong working knowledge  of all  Default  Servicing processes  up  to and  including  Loss Mitigation,  Bankruptcy, Foreclosure, Conveyance and Claims in addition to mortgage servicing state, federal and agency guidelines and timelines.
• Strong background in financial and loss analysis including ability to determine: all funds/advances due CMS have been recovered.
• Strong ability to conduct quality assurance reviews.
• Preferred Accounting Background--Must possess the ability to complete financial reconciliations.

What you’ll need: 

Our Company:

Carrington Mortgage Services is part of The Carrington Companies, which provide integrated, full-lifecycle mortgage loan servicing assistance to borrowers and investors, delivering exceptional customer care and programs that support borrowers and their homeownership experience. We hope you’ll consider joining our growing team of uniquely talented professionals as we transform residential real estate. To read more visit: www.carringtonmortgage.com.

What We Offer:

• Comprehensive healthcare plans for you and your family. Plus, a discretionary 401(k) match of 50% of the first 4% of pay contributed.
• Access to several fitness, restaurant, retail (and more!) discounts through our employee portal.
• Customized training programs to help you advance your career.
• Employee referral bonuses so you’ll get paid to help Carrington and Vylla grow.
• Educational Reimbursement.
• Carrington Charitable Foundation contributes to the community through causes that reflect the interests of Carrington Associates. For more information about Carrington Charitable Foundation, and the organizations and programs, it supports through specific fundraising efforts, please visit: carringtoncf.org.

EEO/AAP Employer 

Notice to all applicants: Carrington does not do interviews or make offers via text or chat. 

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