Full-Time

Default Loan Servicing Specialist GNMA Claim Filing

Remote

Posted on 10/10/2024

First American

First American

10,001+ employees

Provides title insurance and real estate services

Financial Services
Real Estate

Compensation Overview

$20.72 - $34.53Hourly

Mid

Remote in USA + 1 more

More locations: Fort Mill, SC, USA

Fort Mill, South Carolina is a required in-office location; other states are remote.

Category
Insurance
Finance & Banking
Requirements
  • 3+ years GNMA Claims
  • Thorough knowledge of FHA Conveyance requirements, including property preservation
  • Thorough ability to research issues and obtain proper documentation, in a timely manner as requested, by the investor or mortgage insurance company
  • Understanding of the mortgage default process (for example: Foreclosure, Bankruptcy, Loss Mitigation, Eviction)
Responsibilities
  • Responsible for servicing mortgage accounts to ensure claims are filed accurately and in compliance with all state, federal laws, and within Investor, Insurer, Agency and company guidelines
  • File GNMA Claims including FHA, USDA, VA claims as well as applicable supplemental claims and appeals.
  • Monitor loans within the claims queue to ensure all required milestone(s) are met
  • Ensure claim filing/activities are completed
  • Document and maintain all systems necessary for proper claim follow-up
  • Monitor and identify trends or risks associated with the portfolio and communicate to management
  • Follow departmental and business policies with strict adherence
  • Prioritize allocated work to ensure timely and accurate resolution to both external and internal partners
  • Stay current with pending regulatory and state law changes that could impact Claim processes
  • Diligently follow up on all outstanding requests and telephone calls from internal and external partners
  • Assist wherever needed, when necessary

First American provides title insurance, specialty insurance, and various real estate-related services. Their title insurance protects buyers' investments and ownership rights during real estate transactions, ensuring that the property title is clear of any issues. The company offers a platform called myFirstAm®, which allows users to access property information, maps, and manage open orders conveniently. First American differentiates itself from competitors by offering a comprehensive range of services that include mortgage lender solutions, real estate data solutions, home warranty products, and trust services, all designed to streamline transactions and reduce risks. The company's goal is to facilitate smooth real estate transactions while protecting clients' investments and providing valuable insights into the real estate market.

Company Stage

N/A

Total Funding

$800.2M

Headquarters

Santa Ana, California

Founded

1889

Simplify Jobs

Simplify's Take

What believers are saying

  • Acquisition of Mother Lode expands First American's market share in California.
  • Digital mortgage solutions drive revenue growth, evidenced by a 38% increase post-Docutech acquisition.
  • Partnerships with fintech firms like Knock open new opportunities in real estate services.

What critics are saying

  • Data breach allegations could harm First American's reputation and lead to legal issues.
  • Integration challenges from acquisitions like Mother Lode may disrupt operations.
  • Rising fintech competition, such as Knock, threatens First American's market share.

What makes First American unique

  • First American offers comprehensive title insurance and settlement services nationwide.
  • The company provides extensive real estate data solutions with over 5.5 billion document images.
  • First American's venture arm invests in fintech, enhancing its technological integration.

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Benefits

401k matching

Health, vision, dental insurance

Professional development

INACTIVE