FHA Loss Analyst
Freedom Mortgage · New Jersey, United States · 3 wk ago
RemoteRemoteSales$43k–$50k/yrFull-time
Essential Job Functions
- Complete loss analysis reviews to safeguard the servicer’s assets and insure compliance with insurer requirements
- Analyze and rebut insurer curtailments for all government insured filed claims, including but not limited to conveyance, claims for advances, loss mitigation and non conveyance claims
- Quality Control review for Default Claims, including supplemental claims to reduce loss exposure and provide loss analysis reports
- Aid in compiling claims data for government claims audits, in addition reviewing auditors findings and providing rebuttal responses
- Complete monthly write offs of remaining balances once all claims and supplemental funds received on an account
- Act as a subject matter expert to the claims department to insure compliance on all claims filings
- Correspond with vendors and site employees
- Act as a point of contact/liaison, ensuring that policies and procedures relating to invoicing and remittance are followed, including compliance with federal laws and regulations
- Demonstrate professional behavior and teamwork, is punctual, dependable and adheres to Company policies and procedures
- Maintain regular and punctual attendance
Qualifications
- Strong understanding of FHA, VA and GSE claims guidelines
- Excellent organization skills
- Attention to detail with a high level of accuracy
- Excellent communication skills
- Analytical and Problem Solving skills
- Works well in a team environment
- Ability to meet deadlines in a fast paced environment
- Manages time well and prioritizes tasks
- Microsoft Office experience and advanced Excel knowledge
- Ability to effectively present information to supervisory, etc.
- Ability to write reports and correspondence
- Ability to read, analyze and interpret documents such as technical journals, financial reports, legal documents, policies and procedures
- Ability to calculate basic financial figures and amounts
- Proficient in computer skills and knowledge of word processing, spreadsheet, accounting, general ledger, accounts receivable, accounts payable, e-mail and internet software
- Ability to define problems, collect data, establish facts, and draw valid conclusions
- Ability to work with little supervision
- Ability to meet critical departmental and federal timelines with accuracy and efficiency
- Ability to build relationships with both internal and external clients/vendors
- Strong work and business ethics