CAM Claims Processor III

Job description

Overview: Submits conventional/FHA 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 Mitigation, Bankruptcy,...