Mortgage Loss Analyst at TEKsystems

Job Description:

• Monitored and closed platform workstations
• Researches or reconciles complex information and transactions
• Responsible for helping build and maintain our master data Excel Spreadsheets on a daily basis.
• Accountable for performing assigned functions efficiently while ensuring all regulations, procedures, and policies are adhered to
• Researches, address and resolve all escalated or time-sensitive issues, transactions, business partners/3rd party disputes, and inaccuracies,
• Work with other teams to identify, root cause, and fix data discrepancies to continuously maintain the accuracy of Investor and vendor regulations and P&P,
• Provided expertise and guidance to align daily activities with service standards and business goals,
• Identifies, recommends, and assist in implementing process improvements,
• Aids management with special projects such as reporting or monitoring performance,
• Serves as a leader for less experienced specialists on the team through knowledge in the area of work,
• Exceeded daily, monthly and quarterly production expectations while maintaining high levels of accuracy,
• Retrieve and analyze all supported documents to support and bill root cause departments and vendors,
• Reviewed supporting documentations for adherence and compliance requirements,
• Ensure compliance with all investor, insurer, client and company policies, procedures and
• guidelines in order to prevent significant monetary loss and avoid audit findings.
• Conduct monthly audits of servicing operation areas (Claims and Collections) to ensure were in full compliance with all applicable federal regulations, as well as government and investor loan servicing requirements; and reporting findings to area managers.
• Review updates from investors, insurers, All Regs, and clients to stay abreast of current information; update policies and procedures as necessary based on updates.
• Ensure the timely and accurate issuance of compliance letters, such as demand notices and other regulatory notices required by state, investor, insurer and clients; ensure letters are in compliance with state and federal laws.
• Notify default managers of any and all trends or compliance discrepancies to established policies, procedures, and guidelines.
• Ensure all GSE loans had accurate reason for delinquency and proper status codes by month end
• Ensure accurate and timely FHA and VA monthly default reporting, using FHA Connection; VA
• Valeri postmortem of the loan. The loss analysis you've gone back through and analyze, what was claimable, what was not attributed to each scenario.
• Determining controllable loss. If the the analyst determine that it is a controllable loss then they will assign it to the upstream business unit. This is to better understand where process gaps and and what loss can be avoided in the future.
• Very manual processes.
• Individuals need to have a very strong understanding of the process due to the manual nature. postmortem of the loan. The loss analysis you've gone back through and analyze, what was claimable, what was not attributed to each scenario.
• Determining controllable loss. If the the analyst determine that it is a controllable loss then they will assign it to the upstream business unit. This is to better understand where process gaps and and what loss can be avoided in the future.
• Very manual processes. Individuals need to have a very strong understanding of the process due to the manual nature. Most of the work is done in MS EXCEL.
• conducting a forensic loss analysis/post-mortem on a loan after the claim had been paid - is it their loss or is it a clients loss?, preparing a loss sheet for the client detailing the cost.

Skills:

loss analysis, loss control, fraud detection, ms excel, forensic, analysis, Default, mortgage, loan processing, loan underwriting

Additional Skills & Qualifications:

ICE

EXCEL

CMAX

Loansphere

Experience Level:

Intermediate Level

About TEKsystems:

We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company.

The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.