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Contract Recovery Specialist II (4367) in Lewisville, TX at Mr. Cooper

Date Posted: 12/8/2018

Job Snapshot

Job Description

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

  • 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 c/o decision based on recoverability.  If recoverable from 3rd party, pursue claim.  If not, added to c/o 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.

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United States of America

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Mr. Cooper

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