Experience
2-3 yrs required
Location
Ewing, NJ, United States
Posted on
Sep 15, 2020
Profile
Default Compliance Specialist I
The candidate will conducts compliance review on all loans 90+ days delinquent for foreclosure referral for federal, state, and applicable investor requirements. Ensures and verifies all breach/demand letters and all other applicable delinquent letters are generated and mailed timely and accurately according to state, Investor, Client, and Cenlar procedures and guidelines. Reviews and assesses origination documents to confirm chain of assignments/allonges and titles. Identifies possible payment or servicing disputes that could adversely affect the acceleration process and look to provide a resolution before referral. Manages and ensures loans with a principal balance of $10,000.00 or under are not placed in foreclosure without attempting to charge off. Reviews client reporting to confirm all stipulations were satisfied if applicable. Meets referral deadlines and accurately places the correct codes in the system to reflect the progression of the review and approval process. Reviews and validates chain of title from origination documents. Measures and ensures vendor(s) are comporting with contractual obligations. Identifies referral trends and look for process improvement to expedite the referrals. Performs specific equity analysis calculations which may vary on 1st lien, HELOC and Junior liens for equity and charge off or foreclosure placement.
Company info
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