Recourse Source Specialist

Job description

Position Title Recourse Source Specialist Location: Nationwide, MI 48098 Job Summary: Pay Range: 86-112K This job is responsible for mitigating the bank’s potential repurchase-loss risk, and providing cost savings to the company by refuting Demands made by Investor, Servicer and /or Mortgage Insurance (MI) Company partners.Pay Range: Local Minimum Wage - $0.00 - $0.00 Job Responsibilities: - Manage the bank’s Repurchase, Make-Whole, MI Deficiency, and MI Curtailment potential loss exposure. Ensure timely appeal / repurchase in accordance with various Investor, Servicer, and MI Company requirements. Communicate with internal / external business partners regarding Demand-level issues, deliver repurchase root-cause analysis to management peer group, conduct monthly (or as needed) pipeline status calls, and elevate issues as warranted. Participate in regulatory exams to assist senior management in the representation of the Claims Mitigation function. - Manage and coach a team of Auditors, Intake /Reporting / Funding Analysts. Provide timely responses to staff questions / concerns and conduct on-going training. Identify and communicate team goals and conducts regular assessments to ensu...