What are the responsibilities and job description for the Loss Mitigation Quality Assurance Specialist position at RoundPoint Mortgage Servicing LLC?
The Loss Mitigation Quality Assurance Specialist is responsible for reviewing the accuracy of all loss mitigation workout recommendations, calculations, documentation, and evaluation to ensure conformance with federal, government agency, Insurer, and investor guidelines and rules.
The Loss Mitigation Quality Assurance Specialist reports to the Loss Mitigation Quality Assurance Supervisor. Attention to detail and the ability to thrive in a fast-paced environment are critical to succeeding in this role.
Primary Responsibilities
Required:
Duties
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job:
RoundPoint Mortgage Servicing LLC is a fully integrated, non-bank mortgage company, with a subservicing portfolio of approximately 900,000 loans. In 2023, RoundPoint was acquired by Two Harbors Investment Corp. (NYSE: TWO), reaffirming its commitment to MSR as core and essential to our business strategy and our future. A combined Two Harbors and RoundPoint capitalizes on the strengths of both companies, adding significant value for stakeholders through operational and cost efficiencies, as well as the ability to participate more fully in the mortgage finance space as opportunities arise.
Founded in 2009, Two Harbors has grown into a leading publicly traded residential mortgage real estate investment trust (mortgage REIT). We leverage our core competencies of understanding and managing interest rate and prepayment risk to invest in our Agency residential mortgage-backed securities (RMBS) and mortgage servicing rights (MSR) portfolio, with the objective of delivering attractive risk-adjusted returns to our stockholders.
Location
The Loss Mitigation Quality Assurance Specialist reports to the Loss Mitigation Quality Assurance Supervisor. Attention to detail and the ability to thrive in a fast-paced environment are critical to succeeding in this role.
Primary Responsibilities
- Ensure loss mitigation applications are properly checked in, reviewed, and acknowledged. in accordance with Federal regulations, agency/investor guidelines and company policy.
- Analyze each Loss Mitigation application to ensure quality of review and adherence to. the applicable federal, government agency, Insurer, and Investor guidelines.
- Review and validate all workout recommendations for accuracy.
- Review and validate applicable financial information and calculations.
- Review credit reports, title, original loan documents and valuation information.
- Communicate with key vendors, investors, and agencies.
- Ensure record maintenance quality of applicable loan workout files.
- Meet RoundPoint’s commitment to compliance, service level metrics, and business needs.
Required:
- 3 -5 years’ experience in underwriting loss mitigation or origination of mortgage loans
- Knowledge of PMI, FNMA, FHLMC, FHA, VA, and USDA servicing guidelines
- Knowledge of Federal and State regulations, including RESPA, TILA, ECOA, and HMDA requirements
- Knowledge of loan processing, underwriting and/or closing procedures
- Strong communication/organizational skills
- Strong analytical skills
- Ability to work in a production environment and overtime as needed
- Must have a keen attention for detail and experience in a fast-paced environment
- Strong sense of urgency and about solving problems, meeting challenging deadlines and achieving goals
- MSP experience
- LMS experience
Duties
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job:
- The employee is regularly required to talk or hear.
- The employee is required to sit for extended periods of time and is occasionally required to stand and walk.
- The employee must regularly use hands to finger, handle, or feel objects and is regularly required to reach with hands and arms; the employee may occasionally climb or balance, and stoop, kneel, crouch, or crawl.
- The employee must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds.
- Specific vision abilities required by this job include close vision, distance vision, color vision, and ability to adjust focus.
- The noise level in the work environment is usually quiet to moderate, and no extreme conditions are present.
RoundPoint Mortgage Servicing LLC is a fully integrated, non-bank mortgage company, with a subservicing portfolio of approximately 900,000 loans. In 2023, RoundPoint was acquired by Two Harbors Investment Corp. (NYSE: TWO), reaffirming its commitment to MSR as core and essential to our business strategy and our future. A combined Two Harbors and RoundPoint capitalizes on the strengths of both companies, adding significant value for stakeholders through operational and cost efficiencies, as well as the ability to participate more fully in the mortgage finance space as opportunities arise.
Founded in 2009, Two Harbors has grown into a leading publicly traded residential mortgage real estate investment trust (mortgage REIT). We leverage our core competencies of understanding and managing interest rate and prepayment risk to invest in our Agency residential mortgage-backed securities (RMBS) and mortgage servicing rights (MSR) portfolio, with the objective of delivering attractive risk-adjusted returns to our stockholders.
Location
- Coppell, TX
- Fort Mill, SC
- Regular
- No
- No
