Mortgage Insurance Specialist (On-site)

Posted 8 Days Ago
Be an Early Applicant
Tempe, AZ
1-3 Years Experience
Financial Services
The Role
The Mortgage Insurance Specialist is responsible for maintaining records on mortgaged properties, processing MI premiums, and handling customer inquiries. They analyze escrow sufficiency, update records, complete monthly audits, execute premium payments, and ensure compliance with regulations.
Summary Generated by Built In

Who we are

Shellpoint Mortgage Servicing (SMS) is one of America’s top-five non-bank mortgage-servicing companies. What is mortgage servicing? Our clients are businesses that own mortgage loans (such as banks and real estate investment firms). On their behalf, we manage (or “service”) their loan portfolios, which means that we collect homeowners’ mortgage payments, pay their tax and insurance bills, and help homeowners in default to get current.
 

Summary:

The Mortgage Insurance (MI) Specialist is responsible for the maintenance of records on mortgaged properties and accurate and timely payment of MI premiums on escrow. MI Specialist monitors and process MI cancellation request both auto and borrower requested. MI Specialist processes mail, faxes, and emails pertaining to current bills and researches issues for customers.

 

Responsibilities:

  • Analyzes escrow sufficiency to make sure escrowed funds are sufficient to make required payments
  • Update MI lines on the system of record in order to maintain accurate records
  • Complete and maintain monthly carrier audits.
  • Execute payments for MI Premiums in batch single processing modes by the installment due dates for each carrier.
  • Order and evaluate appraisals when appropriate
  • Update action & follow up in all appropriate systems.
  • Weekly reporting to management
  • Ensures accounts are properly documented with accurate and comprehensive status updates.
  • Follows established company guidelines, department policies and procedures.
  • Ensures compliance with all investor requirements.
  • Responsible for timely processing of activities and responsiveness of alerts to ensure MI timely cancellations are met.
     

Qualifications/Skills:

  • Ability to research and comprehend state laws and regulations.
  • Excellent work ethic, high productivity, and acute attention to detail.
  • Superior written and verbal communication, and follow up skills as well as a strong sense of accountability.
  • Ability to multi-task and well organized.
     

Educational Requirements:

  • High school diploma, college degree preferred

#LI-MM1

Company Perks:
• 15 Paid Time Off (PTO) days and 18 after 1st anniversary!
• 9 Paid Holidays
• Employee Engagement Activities


 Company Benefits:
• Medical (including Health Savings Account & Flexible Savings Account)
• Dental - RX – Vision – Life, Disability Insurance – 401(k) Plan with company match! – Employee Assistance Plan 

 Performance-based Incentives
• Pet Insurance

• Advancement Opportunities

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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CA Notice at Collection

The Company
HQ: Fort Washington, PA
1,575 Employees
On-site Workplace

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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