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Genesis10

Mortgage Servicing Specialist

Genesis10, Cincinnati, Ohio, United States, 45208

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About Client The Client is a leading global IT services and consulting company, providing a wide range of services to clients in various industries, including banking, financial services, retail, manufacturing, healthcare, and more. It is one of the largest employers in the IT industry and has a vast and diverse workforce. The company places a strong emphasis on employee training and development. Client is known for its commitment to innovation and invests in research and development to stay at the forefront of technological advancements.

It offers a comprehensive set of services, including: IT Services: Application development, maintenance, and testing. Consulting: Business consulting, IT strategy, and digital transformation. Business Process Outsourcing (BPO): Outsourcing of business processes to improve efficiency. Enterprise Solutions: Implementation and support of enterprise-level software solutions. Digital Services: Services related to digital technologies, such as analytics, cloud, and IoT.

Job Description Salary: $60K/Annum

This process involves reviewing documents to ensure that the correct process is followed to collect the mortgage payment, property which are impacted by FEMA are being serviced correctly, foreclosure process is followed correctly, looking for assistance options to verify if all eligible programs have been offered etc.

Manage the pipeline for loans ensuring all actions are compliant with regulatory requirements

Understanding job requirements and consistent delivery to set targets

Review of 1098/1099 documents

Ensure rate adjustment was correctly calculated, and the required notices sent within the regulatory requirements.

Audit Bankruptcy documentation to confirm loans in a bankruptcy stage are properly handled

Review of documents to confirm that loan payments are processed correctly and applied to the loan appropriately as per Note and applicable regulations.

Documents review to confirm the proper filing of claims to mortgage insurance providers.

Audit documentation to confirm proper processes are followed for the collection of missed payments, solicitations of assistance options, and the mailing of required notices, and pull a soft credit report

Confirms escrow account functions are being performed properly.

Review of documents to confirm loans impacted by a FEMA declared disaster event are being serviced correctly and applicable assistance is being provided

Audit documentation to confirm the foreclosure process, from initiation through final settlement is completed in a timely manner and in accordance with applicable policies, regulations, federal, state, and local laws

Review of documents to confirm loans are being serviced correctly for both monitored and unmonitored hazard claims.

Review of loans with Lender Placed Insurance (LPI) that were sent appropriate notices before the LPI was applied to the loan and the LPI was removed when required

Audit documentation to confirm loans have been carefully reviewed for assistance options, all eligible programs have been offered, the finalization of a permanent assistance option is completed, and the loan is removed from the Loss Mitigation Workstation in a timely manner when appropriate

Review of documents to confirm the payoff provided was accurate and the lien release process was completed properly

Audit loans to confirm whether loan‑servicing records are properly transferred (i.e., loan data, amounts, documents, and established policies are followed

Knowledge/Experience

Minimum 2-3 Year of US mortgage servicing experience

Knowledge of the mortgage servicing process, documentation and loan terminology

Competencies/Skills

Strong communication skills, verbal and written

Strong analytical skills

Demonstrated ability to resolve complicated issues as they arise

Flexible (Willingness to work in night shift)

Knowledge of MS Office

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