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Finance of America Reverse LLC
Loan Administration Specialist
Career Insights for Loan Administrator / Manager
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Based on Arizona data
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What they do
A Loan Administrator or Manager services a loan once it has been agreed. Sends monthly bills to the loan recipient. May also maintain payment records and monitor compliance with the loan agreement.
$64,217 / year median in Arizona
-8% projected decline
Job Description
About Us Finance of America helps homeowners 55+ access the equity they've built while staying in full control of their home and their financial future. Through a range of reverse mortgage solutions, we help customers shape the retirement they've earned while continuing to evolve how we serve and work together. Joining Finance of America now means stepping into a period of momentum and growth, with teams actively shaping what comes next and opportunities to make an impact and grow your career. To learn more about us, visit www.financeofamerica.com Purpose of Role Responsible for executing transaction-level reviews, loss analysis, valuation monitoring, and exception reviews across the reverse mortgage servicing portfolio. Partners closely with Manager, Loan Administration to identify loss drivers, recovery opportunities, and operational risks and support internal stakeholders to mitigate losses, improve recoveries, and strengthen existing servicing controls. Key Responsibilities and Expectations Executes transaction exception reviews triggered by exception logic within FAR Loan Management system, identifying potential incidents, aligning transaction codes with HERMIT and capturing borrower recoverability and HUD claim ability. Performs transaction-level loss analysis reviews of HECM claims to identify losses, root causes, and recovery opportunities. Assists in tracking loss trends across the servicing portfolio and projecting financial impacts for senior leadership. Supports loss mitigation analytics and governance, including tracking potential incidents identified through transaction-level reviews, escalating exposure to management, and contributing to meetings that evaluate mitigation strategies. Monitors property valuations across the servicing portfolio, reviewing appraisal and BPO exceptions that result in high-variance outcomes impacting loss severity, decisioning, and recoveries. Utilizes valuation benchmarks to monitor local market trends and track valuation factors for loss analysis. Reviews property valuation exceptions with a focus on property preservation and risk analysis. Follows key performance indicators (KPIs) in coordination with management. Monitors monthly performance exception/issue reporting for the subservicer. Ensures deliverables for internal business projects by providing timely and accurate updates to stakeholders. Remains abreast of industry trends, products, technologies, best practices, and standards of conduct. Mentors and trains peers and vendors as assigned. Follows written risk and compliance policies and procedures for business activities. Performs other duties as assigned. Reports To Manager, Loan Administration Qualifications
- Experience/Skills/Competencies Minimum 3 years of experience in the mortgage servicing industry (e.
- Education
- Required Bachelor's Degree or comparable qualifications Qualifications
- Education
- Field(s)/Profession(s) Business, Finance, or equivalent field. Compensation The base salary range for this position is ($66,000
- $80,000) inclusive of all geographical differences in the labor market.