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Loan Modification Sr Associate

Location: Lewisville, TX, United States
Req ID: 017005

Job Description

Description

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Ready to be a Cooper too? This might just be right up your alley!

We’re here to keep the dream of home ownership alive. Oh, and while we’re at it, we’re determined to change the lending industry itself. It’s simple, but it won’t be easy. And we’ll need a great team behind us. (That’s where you come in.) We want to show the world that transparency, candor and collaboration aren’t just good values. They’re good business. Working here isn’t for people who want to punch a clock. It’s for people who want to punch a hole in the status quo. Come join us. And make a difference instead of just a living.

The Loan Modification Sr. Associate is responsible for timely review of workouts, to ensure completeness and accuracy with Investor guidelines and Mr. Cooper policy & procedures.

Competencies

  • Knowledge and familiarity with current mortgage and compliance laws and regulations.
  • Demonstrates ability to perform analysis and effectively communicate results, to ensure the loss mitigation workout waterfall is evaluated and dispositioned accurately, and adheres to applicable investor, State, and Federal guidelines.
  • Investor guideline and MRC policy and procedure management.
  • High producer with attention to quality.
  • Strong commitment to customer service and satisfaction.
  • Excellent time management skills and ability to work under pressure.
  • Effectively utilize available resources & operate effectively under minimal supervision.
  • Highly organized & ability to multi-task.
  • Superior verbal and written communication skills.
  • Detail-oriented outlook, coupled with ability to plan ahead and meet deadlines on time.

Technical Skills & Systems

  • Knowledge of business processes and concepts
  • Proficient with MS Excel & MS Office
  • Data entry keystroke skills
  • Preferred experience with internal and/or proprietary systems, including but not limited-to; LSAMS, Remedy, iAssist, FileNet, & Deals Database
  • Investor portals & external systems, including but not limited-to; FHA Connection, EVARS, CAIVRS, Neighborhood Watch, VALERI, USDA LINC, Intellimods, Workout Prospector, HSSN, Allregs

Description

  • Validate loan files for completeness and accuracy, ensuring reviews are completed within regulatory timelines daily.
  • Performs loan level analysis, highly collaborative and capable of making independent decisions and proposals using information available.
  • Determining and documenting loan conditions and communicating requirements and/or decisions, and conveying results to investors for workout approval where applicable.
  • Maintains knowledge of all applicable underwriting guidelines by completing all underwriter training programs, learning any business unit policy and/or guidelines.
  • Analyzing credit documents, including, but not limited to, mortgage applications, credit history and income documents, title documents, appraisals and all applicable compliance documents.
  • Consistently applies sound judgment and solutions to customer applications, capable of communicating directly with peers, leadership, and other business units including SPOC.
  • Manual Frontline Underwriting of Conventional/Conforming loan products.
  • Identifies portfolio risks resulting from the client's underlying business practices, underwriting, and/or fraud exposure.
  • Ability to operate under strict deadlines and within short timeframes. Proven ability to manage time, priorities and resources to achieve goals.

Education/Experience Requirements

  • Graduation from a 4-year college or university with major course work in a discipline related to the requirements of the position is preferred.  Will consider the equivalent combination of job experience & education that demonstrates the ability to perform the essential functions of this job.
  • Proficient with all MRC proprietary systems (LSAMS, Remedy, iAssist, etc).
  • Minimum of 2 years of prior underwriting, collections or loss mitigation related experience required.

Mr. Cooper is committed to nurturing a diverse and inclusive environment where every employee is empowered to be their authentic self.  We know that a large part of our success as a business is directly tied to our ongoing efforts to attract and retain diverse talent and maintain an inclusive environment where each employee can thrive.  Embracing and leveraging diversity through an inclusive work environment fosters new ideas, new insights, and constant innovation.  We strive to weave the principles of diversity and inclusion throughout the fabric of how we work, how we interact, and how we engage with our customers and the community.

Job Requisition ID:

017005

Job Category:

Servicing

Primary Location City:

Lewisville

Primary Location Region:

Texas

Primary Location Postal Code:

75067

Primary Location Country:

United States of America

Posting Organization:

Mr. Cooper

Line of Business:

Servicing

Additional Posting Location(s):

Alternate Requisition:

No

Summary

Responsible for timely review of workouts, to ensure completeness and accuracy with Investor guidelines and Mr. Cooper policy & procedures.
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