CAM Claims Processor III

Job description

Overview: Submits conventional claims, reviews losses, and reconciles loans for final booking by Default Accounting. Reviews claims filed for accuracy. Primary Responsibilities: - Monitor daily reports outlining workflow and processing needed. - Understand difference between the claim types: Short Sales, Foreclosure Claims, Third Party Claims, Charge Off, Security Claims, Loss Mitigation Claims, and Deed in Lieu Claims. - Process/file claims according to investor/insurer/statutory & regulatory guidelines within assigned service level agreements. - Review and ensure all invoices are included with the claim. - Research loan history for advances and deposits. - Contact various internal departments for clarification on advances. - Review and Consult with the Mortgage Insurance department regarding refunds. Review and consult with the Hazard department on the disbursement of hazard insurance proceeds. Determine if refunds are needed. - Respond to attorney loan level requests. - Ensure system is updated accurately before moving the loan to the next phase of the Claim process. - Review claims completed by processors for accuracy and submits to investor. - Work with Foreclosure, Loss Mitig...