Summary:
The Spec, Default Best Exc. is responsible for performing all day-to-day activities related to recommending the best financial strategy on defaulted loans and acquired properties serviced by Freedom Mortgage. The Specialist (Spec) responsibilities include: Property Disposition Review – The Property Disposition staff are responsible for reviewing property risk scoring, financial and estimated claims data, and projected gains/losses on individual loans/properties for disposition decisions. The position is also responsible for updating all systems of record and coordinating with other Default departments once a management decision has been finalized. Best Execution (Exc) – Best Execution staff identify and manage high risk loans during the default process. High risk loans may be loans/properties with extensive damages, condemnation or violation notices, contested actions or litigation, or scenarios that could yield high loss to Freedom Mortgage. Best Execution management includes researching high risk circumstances, analyzing impacts of not remediating high risk circumstances, developing written chronologies and summaries of loan histories, formulating recommendations for review and approval of disposition strategy. Charge off –Primarily responsible for review and analysis of low balance loans and loans recommended for charge off, submission of charge off approvals to investors, processing charge offs in system of record and coordinating communication to internal impacted departments.
Essential Job Functions:
Review vacant FHA and VA loans prior to foreclosure sale for advance disposition decisioning should property be acquired by Freedom at foreclosure sale. Also review newly vacant FHA post-sale properties managed through the conveyance process for same disposition determination. This entails gathering all information necessary for review and keying into a Disposition Model for estimation of financial gain or loss to Freedom Mortgage.
Recommend resolutions which will enable Freedom to recover the max amount of funds in a swift manner.
Review of investor/insurer claims paid on properties moved into REO as part of continued process to validate and QC model logic.
Provide feedback on changes to Disposition Model as the result of corporate initiatives, investor/insurer guidelines or allowables, observed trends or other circumstances that warrant updates to the Model.
Research the request and reason for charge off.
Develop written recommendation for charge off.
Present charge off/low balance loan recommendation to Default leadership team for approval.
Submission of charge off recommendations to investors per guidelines.
Systematic processing of charge off or approved outcome on all loans reviewed.
Research and analysis of high-risk circumstances with understanding of how the risk impacts borrowers, Freedom Mortgage, investors/insurer, default timelines, etc.
Timely management of high-risk circumstances to mitigate losses.
If applicable, determine the most effective way to recover the max amount of funds in a swift manner and monitor execution.
Formulate chronologies and recommendation for presentation to Default leadership.
Maintain regular and punctual attendance.
Other Related Duties:
Performs other related duties as assigned.
Supervisory Responsibilities:
This position is an individual contributor.
Qualifications:
To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.
Strong understanding of FHA, VA and GSE claims guidelines.
Excellent organizational and time management skills.
Attention to detail with a high level of accuracy.
Analytical and Problem-Solving skills.
Microsoft Office experience and advanced Excel knowledge.
Education and/or Experience:
High School Graduate/GED required.
Two (2) to four (4) years of related experience.
Licensing/Certification/Registration:
None required.
Physical Demands:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to sit and talk or hear. The employee is occasionally required to stand; walk; use hands to finger, handle, or feel; and reach with hands and arms. The employee must occasionally lift and/or move up to 25 pounds.
Work Environment:
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate.
Equal Employment Opportunity:
Freedom Mortgage is committed to providing equal employment opportunities to all employees and applicants without regard to race, ethnicity, color, sex, marital status, sexual orientation, gender identity or expression, pregnancy, religion, national origin, age (40 and over), disability, military status, genetic information or any other basis protected by applicable federal, state, or local laws.
Americans with Disabilities Act:
Applicants as well as employees who are or become disabled must be able to satisfactorily perform the essential job functions of the position either with or without reasonable accommodation. Applicants as well as employees are encouraged to meet with Human Resources as the organization shall review reasonable accommodations on a case-by-case basis in accordance with applicable law.
Job Responsibilities:
The statements reflect the general duties and responsibilities considered necessary to perform the essential functions of the job and should not be considered as an all-inclusive list of all the work requirements of the position. Freedom Mortgage Corporation may change the specific job duties with or without prior notice based on the needs of the organization.
Skills Required
- High school diploma or GED
- Two to four years of related experience
- Strong understanding of FHA, VA, and GSE claims guidelines
- Excellent organizational and time management skills
- Strong attention to detail and accuracy
- Analytical and problem-solving skills
- Microsoft Office experience
- Advanced Excel knowledge
Freedom Mortgage Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Freedom Mortgage and has not been reviewed or approved by Freedom Mortgage.
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Leave & Time Off Breadth — Paid time off, multiple paid holidays, and references to volunteer and bereavement leave indicate a broad time-off offering.
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Healthcare Strength — Medical, dental, vision, disability, and life insurance are consistently highlighted, alongside multiple plan options and EAP support.
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Flexible Benefits — Extras such as FSA/dependent care options, tuition assistance, and pet insurance reflect flexibility and breadth beyond core benefits.
Freedom Mortgage Insights
What We Do
For over 30 years, Freedom Mortgage has helped millions of Americans achieve their dreams of homeownership and financial betterment. The wellbeing and improvement of our customers' lives and the communities in which they live fuels our ambition. We’re driven by boundless stamina and an unwavering focus on continuous collaboration, relentlessly seeking the right solutions for every customer and loan every day. Today, we service nearly 1.5 million customers with over $300 billion in mortgage loan assets, and we consistently rank as one of the nation's top 10 lenders. We are over 13,500 team members strong, recognized as a Top Workplace in the U.S., and are continuing on our unprecedented growth trajectory. Freedom Mortgage is an Equal Opportunity Employer committed to workforce diversity. Qualified applicants will receive consideration without regard to age, race, color, religion, gender, sexual orientation, disability, or national origin. Local applicants are encouraged to apply. Employment contingent upon successful completion of a background investigation. Smoke-free workplace. Drug-free work environment. Excellent benefits package including medical, dental, vision, and 401(k). All resumes are held in confidence. Only candidates whose profiles closely match requirements will be contacted during this search. Come #SoarWithUs and be a part of the Freedom family! Freedom Mortgage Corporation 951 Yamato Road, Suite 175 Boca Raton, FL 33431 Lender NMLS ID: 2767 www.nmlsconsumeraccess.org
