Mortgage Insurance Claims Specialist II (On-site)

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Freeway Manor, Houston, TX, USA
In-Office
Financial Services
The Role

Exceed the expectations of our residential mortgage borrowers & business partners through superior service, simple processes, and effective communications.

We deliver on this mission by empowering our employees by encouraging and recognizing superior performance and innovative solutions, by promoting teamwork and divisional cooperation.

Summary:

The Mortgage Insurance Claims Specialist will be responsible for performing various tasks of the post-sale Claims Team.  This includes taking direction from the Claims Supervisor for the post-sale functions such as property preservation updates, eviction updates, conveyance of title, title delivery, and adherence to GSE (Freddie and Fannie) servicing requirements during the reimbursement timeframe. This position is responsible for filing MI, investor, and/or government claims timely and accurately, proving all back-up documents as required for each type of claim.  The required loan documents, servicing and prior servicing will be part of the reconciliation and submitting these documents to the agencies for a perfected claim. 

Responsibilities:

  • Perform post sale servicing functions as required by the guidelines for MI, Investor, HUD, VA, USDA

  • Keep servicing updates on the post-sale functions that will allow us to complete our claims within the required guidelines

  • eviction, property preservation, conveyance of title, title approval, Maintenance of HOA, Taxes and Hazard Insurance

  • Minimizes loss by claiming all the items required per guidelines

  • Knowing the time-management for when the claims need to be completed by for MI, Investor, HUD, VA, USDA guidelines

  • Reconciliation of claims proceeds and filing supplemental claims as needed as well as tracking the deferments

  • Data accuracy to know if there is a loss towards the company

  • Work independently on reviewing titles when the government agencies advise there is an issue and title is not clear

  • Makes calls to agencies to see why a claim has not been paid, work with the agencies on missing loan documents

  • Knowing origination documentation, servicing documentation (foreclosure, bankruptcy, REO ), etc

Qualifications/Skills:

  • Minimum 3+ years of Claims filing

  • Default-related experience is preferred

  • Mortgage servicing experience

  • Proficient in Microsoft Word and Excel

  • CMAX Claim System

  • Familiar with GSE Claims and Guidelines

  • Communicating with the agencies

Educational Requirements:

  • High School Diploma required.

Additional Information:

While this description is intended to be an accurate reflection of the position’s requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.

All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Okta Verify and Microsoft Authenticator. Employment will be contingent on this requirement.

Company Benefits:

Newrez is a great place to work but we are only as strong as our greatest asset, our employees, so we believe in rewarding them!

  • Medical, dental, and vision insurance

  • Health Savings Account with employer contribution

  • 401(k) Retirement plan with employer match

  • Paid Maternity Leave/Parental Bonding Leave

  • Pet insurance

  • Adoption Assistance

  • Tuition reimbursement

  • Employee Loan Program

  • The Newrez Employee Emergency and Disaster Fund is a new program to support our team members

Newrez NOW:

  • Our Corporate Social Responsibility program, Newrez NOW, empowers employees to become leaders in their communities through a robust program that includes volunteering, philanthropy, nonprofit grants, and more

  • 1 Volunteer Time Off (VTO) day, company-paid volunteer day where all eligible employees may participate in a volunteer event with a nonprofit of their choice

  • Employee Matching Gifts Program: We will match monetary employee donations to eligible non-profit organizations, dollar-for-dollar, up to $1,000 per employee

  • Newrez Grants Program: Newrez hosts a giving portal where we provide employees an abundance of resources to search for an opportunity to donate their time or monetary contributions

Equal Employment Opportunity 
We're proud to be an equal opportunity employer- and celebrate our employees' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.

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NewRez Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about NewRez and has not been reviewed or approved by NewRez.

  • Healthcare Strength The benefits lineup includes medical, dental, prescription, and vision coverage, with HSA/FSA options plus life and disability insurance. An Employee Assistance Program adds support resources alongside core health coverage.
  • Retirement Support A 401(k) plan with company match is available to support long-term savings. Notes about vesting and tenure clarify how the benefit is earned over time.
  • Leave & Time Off Breadth Paid time off starts at 15 days in year one, rises to 18 after the first anniversary, and includes 8 paid holidays. Additional leave options include parental bonding and family care.

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The Company
HQ: Fort Washington, PA
1,575 Employees

What We Do

Newrez LLC (Newrez) is a leading nationwide mortgage lender and servicer. As a lender, Newrez focuses on offering a breadth of industry-leading products, supported by a loan process that blends both human interaction and the benefits of technology into an unparalleled customer experience. Founded in 2008 and licensed to lend in 50 states, Newrez is headquartered in Fort Washington, Pennsylvania and operates multiple lending channels, including Correspondent Lending, Wholesale, Direct-to-Consumer, Retail, and a network of joint venture partners. Newrez’s servicing business consists of its performing loan servicing division, Newrez Servicing, and its special servicing division, Shellpoint Mortgage Servicing. Newrez also has several affiliates that perform various services in the mortgage and real estate industries. These include Avenue 365 Lender Services, LLC, a title agency, and E Street Appraisal Management LLC, an appraisal management company. Newrez is member of the New Residential Investment Corp. family. More information is available at www.newrez.com. © 2022 Newrez LLC {f/k/a New Penn Financial, LLC}. All Rights Reserved. {Doing business as Newrez Mortgage in the states of Arkansas and Texas}. {Website approval pending with the New York Department of Financial Services.} This communication does not constitute a commitment to lend or the guarantee of a specified interest rate. All loan programs and availability of cash proceeds are subject to credit, underwriting and property approval. Programs, rates, terms and conditions are subject to change without notice. Other restrictions apply. Newrez LLC, 1100 Virginia Drive, Suite 125, Fort Washington, PA 19034. Corp NMLS#: 3013 (www.nmlsconsumeraccess.org). Additional licenses available at www.newrez.com. Equal Housing Opportunity.

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