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Claims Specialist in Lake Zurich, IL at Dovenmuehle

Date Posted: 5/17/2018

Job Snapshot

Job Description



Summary:

The Claims, REO, and Property Preservation Department is responsible for filing claims for mortgage insurance and advance reimbursement for loans that have completed foreclosure sale. Claims are filed with FHA, VA, Fannie Mae, Freddie Mac and all major PMI companies. The Department handles property preservation and maintenance to comply with all investor requirements and local building codes. The Department also offers REO marketing and management as an optional client service.



Responsibilities include, but are not limited to, the following:

  • Prepares and submits request for reimbursement of advances/expenses to the investor
  • Ensure that all claims are calculated and completed within FHA, VA, PMI, Fannie Mae, Freddie Mac, investor regulations and state laws.
  • Effects a transfer of a title to FHA and VA within required guidelines ? ?
  • Prepares investor billings where necessary
  • Ensure that all claims are calculated and completed within FHA, VA, PMI, Fannie Mae, Freddie Mac, investor regulations and state laws protect the validity of our claim or to minimize the loss of the investor and service
  • Obtain final title evidence in accordance with FHA and/or VA regulations and forward or ensure the attorney forwards title evidence to FHA and/or VA. Obtain final evidence and attorney bills on conventional loans
  • Prepare and transmit final claim package on liquidated loans to FHA, VA, PMI, Fannie Mae, Freddie Mac, and investor within a specified time requirement
  • Prepare and submit to investor's request for reimbursement of advances
  • Actively work the reports to ensure the claims are filed within required guidelines
  • Update the claims screen with all related information
  • All other duties as assigned by mgmt.

Job Requirements



Job requirements:

  • • High school diploma required, some college preferred
  • • Good PC skills, good verbal and written communication skills; Loan Servicing programs a plus
  • • Claims knowledge helpful but not required
  • • Works well in fast paced environment; ability to handle multiple tasks; self motivated; works well with others