Job description
Overview:
While performing the duties of this job, the employee is regularly required to sit and use hands to handle, touch or feel objects, tools, or controls. The employee frequently is required to talk and hear. The noise level in the work environment is usually moderate. The employee is occasionally required to stand; walk; reach with hands and arms. The employee is rarely required to stoop, kneel, crouch, or crawl. The employee must regularly lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, color vision, and the ability to adjust focus.
The MSR Loss Analyst will be responsible for ensuring post-liquidation audits are conducted on loans that experience a loss in Lakeview Loan Servicing MSR portfolio, and that third party liability is appropriately identified, billed, and collected. Loss reviews will typically be conducted after the insurer and investor claims are paid (FHA, VA, USDA, Fannie Mae, Freddie Mac). The MSR Loss Analyst will also be responsible for reviewing other miscellaneous-type losses (tax penalties, MI late fees, etc.) to determine loss responsibility. This position can be remote or in-house in either Horsham PA, or Coral Gables (Miami) FLA. The hourly pay range for this role is $26.36 to $30.29 plus year end bonus; however, Bayview considers several factors when extending an offer, including but not limited to, the role and associated responsibilities, a candidate’s work experience, education/training, location and key skills. Person will also be eligible for superior Benefits.
Responsibilities:- Review sub-servicer invoices to reconcile losses on loans
- Review applicable indemnifications from third parties to identify recoverable losses
- Access servicing system and document management systems to QC claims filed by sub-servicers
- Conduct loss reviews and prepare invoices and backup documentation for third-party recovery
- Maintain reporting on claims work in process inventory
- Participate in negotiations with sub-servicers and other third-party indemnification providers
- Provide guidance and oversight to third-party contractors as necessary
- Working knowledge of investor/insurer guidelines and timeframes for default actions
- Proficiency with GSE and Government claims systems (FHA Connection, Valeri, Black Knight, Vendorscape)
- Proficiency with Microsoft Office Suite (Outlook, Excel, PowerPoint, Word, Access)
- Working knowledge of post-liquidation claims to investors/insurers
- Loss analysis/audit on claims submitted to the investor/insurer to determine the responsible party
- Responsible for knowledge of counter-party/seller/sub-servicer contracts as it applies to loss reimbursement
- Submission and tracking of the bill backs to ensure timely reimbursement and responses on appeals
- General knowledge of tax penalty-related items as well as MI under-disclosed issues and MI late charges
- 4+ years’ experience in mortgage servicing
- 2+ years’ experience in post-liquidation claims
- Familiarity with GSE and Government claims processes
- Prefer MSP knowledge but not required
Certifications, Licenses, and/or Registration
- None
Physical Demands and Work Environment
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit and use hands to handle, touch or feel objects, tools, or controls. The employee frequently is required to talk and hear. The noise level in the work environment is usually moderate. The employee is occasionally required to stand; walk; reach with hands and arms. The employee is rarely required to stoop, kneel, crouch, or crawl. The employee must regularly lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, color vision, and the ability to adjust focus.
EEOC
Bayview is an Equal Employment Opportunity employer. All aspects of consideration for employment and employment with the Company are governed on the basis of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.
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