Contract Recovery Specialist II (4303) in Lewisville, TX at Mr. Cooper

Date Posted: 9/12/2018

Job Snapshot

Job Description

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 Contract Recovery Specialist is responsible for validating the claim amount, evaluating any discrepancies between advances made, claims filed and amounts received, and determining the root cause for all losses by Department & Activity.  Responsibilities also include reviewing contracts, identifying all potential bill-back items and recovering or minimizing losses associated with servicing activities including Claims and Repurchase.


  • 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.
  • Specialist makes charge off decision based on recoverability.  If recoverable from 3rd party, pursue claim.  If not, added to charge off list.
  • Reviews all existing and future contracts for Servicing and identify all opportunities and requirements to assign losses back to third party.
  • Builds and implements process for servicing organization to report and track all potential recoveries.
  • Drafts and tracks call correspondence necessary to request recovery items.
  • Responds to calls or correspondence from attorneys, third party vendors, government agencies and other Servicers.
  • Prepares summary statements and presentations to senior management related to large-dollar or persistent issues.
  • Works with in-house counsel when appropriate to determine escalation path for unresolved items.
  • Support Repurchase group within Acquisitions to resolve Servicer discrepancies.
  • Prepares and maintains monthly management reports detailing the roll-forward and chance of recovery of each loss recovery item.


  • Bachelor's degree preferred and typically requires a minimum of 2 - 5 years related work experience. Mortgage and/or Financial services experience a plus.
  • Operates effectively under no supervision. Effectively builds strong relationships with team, manager and department. Often goes beyond the basic requirements and takes on initiatives that clearly add value. Often leverages new ideas; promotes new ways of looking at processes.
  • Decision making authority on daily work assignments. Seeks advice from those who’ve solved similar problems. Probes all fruitful sources for answers, and thinks ‘outside the box’ to find options. Possess objective analytical problem solving skills. Ability to work under no supervision.
  • Decisions and actions have high impact on success of team, department, business line and/or client. Scope of work has high impact on team, business unit, department and/or processes. Willingness to go above and beyond the minimum requirements to ensure a positive customer experience. Often searches for ways to improve the customer experience.
  • Exceptionally skilled in verbal and written form as appropriate for the needs of the audience. Demonstrated ability to craft written correspondence that conveys messages that cannot be misinterpreted.
  • Demonstrate advanced computer and software skills necessary for job function; ability to manipulate data to create specific reports if needed.

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United States of America

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Mr. Cooper

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