Contract Recovery Specialist II (1761) in Lewisville, TX at Mr. Cooper

Date Posted: 1/12/2018

Job Snapshot

Job Description

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

Reviewing claims filed and paid by Fannie Mae, Freddie Mac, Mortgage Insurance Companies, FHA, VA or other investors to recover advances incurred throughout the default process. Reviewing loss mitigation workouts, invoices paid and other default activities on paid off and foreclosure loans. The Claims Analyst will validate the claim amount, evaluate any discrepancies between advances made, claims filed and amounts received, and determine the root cause for all losses by Department & Activity.


•Perform loss analysis for the Claims Department to determine why advances were not recovered on home mortgage foreclosures, DILs, and Short Sales.

•Perform analysis of all LSAMS transactions relating to advances and expenses on zero UPB loans and reconcile to all Claim funds and Third Party funds received.

•Document and maintain all systems necessary for booking losses, assigning root cause and follow-up to prevent recurrence of loss types.

•Manage a diversified portfolio and provide feedback to ensure advance actions taken within the default servicing processes comply with internal policies and investor guidelines.

•Manage relations across business units, and collaborating with our investors and vendors, regarding procedural, technical and/or operational functions.


•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.

•Knowledge of Microsoft Office – Excel and Word. Excel and Word-computer skills-should be at an intermediate level. Working knowledge in Access is a plus.

•Working knowledge of LSAMS transaction histories.

•Working knowledge of the loan servicing timelines, from originations to REO sale.

•Working knowledge of FNMA 571 Claims guide and allowable advances during default process.

•Working knowledge of FHLMC Claims guide and allowable advances during default process.

•Minimum 12 months mortgage servicing experience

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United States of America

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Mr. Cooper

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