Senior Default Loan Servicing Specialist

Who We AreServiceMac is a new sub-servicing entity backed by some of the leading practitioners of the mortgage servicing industry. ServiceMac is focused on providing superior technology, products, and services for the mortgage and real estate industries backed by highly personalized service and support. Through continuous innovation and acquisition, our offerings comprise of personalized solutions that span the mortgage continuum and enhance security, compliance, customer satisfaction, and profitability. Our inclusive, people-first culture has earned our company numerous accolades, including being named to the Fortune 100 Best Companies to Work For® list for eleven consecutive years. We have also earned awards as a best place to work for women, diversity and LGBTQ+ employees, and have been included on more than 50 regional best places to work lists. First American will always strive to be a great place to work, for all.
What We DoComplete preliminary and final loan balance loss analysis reconciliation at loan liquidation.
Ensure all REO and claim funds received are reconciled to the outstanding balances on the loan per investor guidelines.
Essential Functions
Complete balance reconciliation between the outstanding balances and REO/claim funds received.
Complete all loss analysis within the required SLA
Refer files for supplemental claims as required
Act as a team resource and subject matter expert
Respond to client questions pertaining to loss analysis activity as required
Complete default step codes and tasking
Knowledge and Skills/Technology Used
Loss analysis or corporate advance experience
Understanding of corporate advances, escrow, principal and interest transactions
Ability to understand and execute policy and procedures
Extreme attention to detail and ability to adhere to strict guidelines and procedures
Working knowledge of fundamental concepts, practices and procedures of investor default guidelines.
Working knowledge of mortgage liquidation processes
Good verbal and written communication skills
GSE and Government experience a must
MSP and LoanSphere experience a must
Working knowledge of computer software programs to include Windows, Microsoft Word and Excel, Internet and Microsoft Outlook experience preferred
What you'll bring
High School diploma or equivalent
College preferred but not required
Equivalent experience
Minimum 10 years of direct Loss Analysis experience
10+ years of corporate advance experience
10+ years in a mortgage default environment
Pay Range: $28.09 - $37.44 Hourly
This hiring range is a reasonable estimate of the base pay range for this position at the time of posting. Pay is based on a number of factors which may include job-related knowledge, skills, experience, business requirements and geographic location.
What We OfferBy choice, we don’t simply accept individuality – we embrace it, we support it, and we thrive on it! Our People First culture is inclusive for all employees - not just because it's the right thing to do, but because it's the key to our success. We are proud to foster an authentic and inclusive workplace For All. You are free and encouraged to bring your entire, unique self to work. First American is an equal opportunity employer in every sense of the term.
Based on eligibility, First American offers a comprehensive benefits package including medical, dental, vision, 401k, PTO/paid sick leave and other great benefits like an employee stock purchase plan.