Regulatory Claims Filing Position Available In Mercer, New Jersey

Description Responsible for building a complete document package with all appropriate/applicable supporting invoices, breakdowns, ledgers, foreclosure, bankruptcy, and loss mitigation of relevant documents based on a specific claim type in a timely and efficient manner This position is responsible for adhering to all guidelines set forth by insurer, investor, and master servicing guidelines Evaluates/reconciles loan level balances (corporate and escrow advances) for expenses incurred to determine claimable vs non claimable to maximize reimbursement on behalf of the servicer and/or client Files respective investor/insurer initial and final claims based on the respective guidelines for allowable limits Reviews MI claim Explanation of Benefits (EOB) or Insurer Advice of Payments (AOP) and research curtailment reasons for potential rebuttal Files Appeal or Supplemental Claims ensuring all allowable advances and interest are recovered from the MI companies and/or Insurer Monitors pre/post conveyance processes on government loans Monitors claim deadlines and exceptions reports Monitors REO activity on investor claim files Ensures all receivables are paid w/ no penalties or interest curtailments Ensure payment to vendors in a timely manner Correspond with attorney/trustees, vendors, and agency representatives to ensure claims are processed within insurer and investor guidelines Works in conjunction with attorneys, agencies, PMI companies, investors and master servicers to expedite the completion of the claim to minimize losses Complies with and have working knowledge of all FNMA, FHLMC, PMI, FHA, VA, investor and master servicer rules and regulations Performs regular reviews of all cases/claims on a regular basis Qualifications Minimum 4+ years of experience in the mortgage industry conducting Default Servicing, claims filing, quality assurance or compliance filing Must have experience in FHA Part B Claims Filing, expense reimbursement, CWOT Claims and timeline reviews for curtailments. This experience must come from their current or most recent position. Minimum 4+ years of experience utilizing MS Excel (vlookup, Pivot Tables) 3+ years’ experience in filing investor/insurer claims