Specialist, Defense - Repurchase

Summary:

The Defense Specialist – Repurchase, manages all missing documentation requests, MI Denial of Claims, loan quality defects, stacks and delivers all file requests to investors and agencies as requested. This position will conduct target audits for the company. In addition, this position will partner with the proper investor to defend the company against the allocations cited by the investor. This involves full collaboration with the channels, investors and management.

Essential Job Duties and Responsibilities:

• Manage and oversee the delivery of necessary and required documentation to investors and MI companies, ensuring proper format and sequence, while also organizing and submitting any additional documentation received.

• Obtain loan documentation from EDMS for all file requests; download required reports from Webfocus as required.

• Input all file requests, MI Denial of Claims, and missing documentation requests in the Agency Repurchase Management System (ARMS) by completing all required fields and obtaining loan information from Lakewood and Sagent as needed; and any additional data input as required by Management.

• Direct collaboration with investors and MI Agencies to resolve missing documentation requests, MI Denial of Claims and loan quality defects.

• Maintain clear and effective communication with Channel on any issues that arise that cannot be resolved.

• Support team reviewing EPD and EPO Requests from investors,

• Work on special projects and other duties as assigned by management.

• Demonstrate ability to recognize income and asset documentation and have a clear understanding of how they were calculated during the loan qualification process.

• Must be able to perform special target audits, as directed by management. 

• Ability to multitask and be extremely flexible in the workday activities.

• Comply with all company policies and procedures.

• Maintain regular and punctual attendance.

Other Job Duties and Responsibilities:

Performs other related duties as assigned.

Supervisory Responsibilities:

This position is an individual contributor.

Qualifications:

To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

• Experience must include, but not limited to, extensive knowledge in Mortgage Loan Processing.

• Ability to calculate income, verify assets, analyze credit reports and ability to review and understand AUS findings.

• Must have a working knowledge of Allregs.

• Ability to research and interpret regulations, and independently respond to investors and other outside agencies.

• Ability to interpret contacts and understand terminology.

• Must be proficient in Word/Excel.

• This person also must have excellent verbal and written communication skills and work with direct management

• Ability to work in a team environment, recognizes and acts on changing priorities.

• Must work in an organized, independent, efficient, professional process is a must.

Education and/or Experience:

• Bachelor’s Degree or equivalent.

• Minimum of 3-5 years of related and/or training; or equivalent combination of education and experience with mortgage lending practices and documentation.

• Prior experience in Mortgage Originations industry required.

Certificates, Licenses, Registrations:

None Required

Work Complexity:

Problems and issues faced are general, and may require understanding of broader set of issues but typically are not complex. May require familiarity with the financial/mortgage (or job-specific) industry. Problems require understanding of other job areas. Problems are typically solved through drawing from prior experiences, with analysis of the issue.

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Work is normally performed in a typical interior office work environment which does not subject the employee to any hazardous or unpleasant elements. The noise level in the work environment is usually moderate.

Physical Demands:

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 frequently required to sit and talk or hear. The employee is occasionally required to stand; walk; use hands to finger, handle, or feel; and reach with hands and arms. The employee must occasionally lift and/or move up to 25 pounds.

Equal Employment Opportunity:

The company is committed to providing equal employment opportunities to all employees and applicants without regard to race, ethnicity, color, sex, marital status, sexual orientation, gender identity or expression, pregnancy, religion, national origin, age (40 and over), disability, military status, genetic information, or any other basis protected by applicable federal, state, or local laws.

Americans with Disabilities Act:

Applicants as well as employees who are or become disabled must be able to satisfactorily perform the essential job functions of the position either with or without reasonable accommodation. Applicants as well as employees are encouraged to meet with Human Resources as the organization shall review reasonable accommodations on a case-by-case basis in accordance with applicable law.

Job Responsibilities:

The statements reflect the general duties and responsibilities considered necessary to perform the essential functions of the job and should not be considered as an all-inclusive list of all the work requirements of the position. The company may change the specific job duties with or without prior notice based on the needs of the organization.