Freedom Mortgage Govt. Defense Specialist in Fishers, Indiana

Govt. Defense Specialist

  • Job ID:3052

  • Functional Area:Risk Management

  • Employment Type:Full Time

  • Location:Fishers, IN

  • Department:Credit Quality

  • Relocation Provided:No

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Position Description:

Summary:

The Defense Specialist Reviews Information, Indemnification and Repurchase Demand Letters and works with the proper agency to defend Freedom Mortgage against the allocations stated in the letter to “Cure” or rescind the initial request. This requires verbal and written communication with the Branch’s, Investors and Management if necessary. This position also works on Due Diligence Issues when audited by outside vendors.

Essential Job Functions:

  • Provides initial review of Conv/ FHA/VA Information letters, Indemnification Requests, Repurchase letters, Make Wholes, Uninsured loans, VAFF Refund requests.

  • This position is crossed trained to perform duties of the Defense Lead.

  • To work directly with all agency investors to work to cure issues of concern and provide clarification if necessary to management and the branches.

  • Determine the accurancy of the deficiency sited and determine if a cure can be provided to rescind any concerns.

  • Communicate with Management and branch on any issues that arise that cannot be cured. Work with Management on any further actions taken.

  • Assist Lead to monitor and work with Freedom Refinance Team on loans that can be refinanced and cannot be cured.

  • Assist in any recovery efforts with Correspondents and Brokers if necessary.

  • Work with VA, Veterans, Customer Service and Accounting on requesting VAFF Refunds.

  • Assist team reviewing EPD/FPD/AOI/Correspondent loans to determine Material concerns. Report any loans to Special Investigator.

  • Provides defense on Due Diligence issues when received by investors, warehouse lines, etc.

Other Related Duties:Performs other related duties as assigned.

Qualifications:

To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job.

Education and/or Experience:

  • High School Diploma or GED required

  • Bachelor’s Degree preferred

  • Minimum 6 years of experience in Mortgage Banking.

  • Experience must include, but not limited to, extensive knowledge in Mortgage Loan Processing, Underwriting, Closing, Post Closing, and routine compliance.

  • Must be able to perform all of the above functions, including calculating of assets, income, credit, eligibility for all programs, and property review.

  • Must have a strong working knowledge of all areas of Conv, FHA and VA Manuals, including internal and external guidelines, announcements, and Mortgagee Letters in today’s Mortgage Lending environment.

  • Proficiency in Word/Excel and Access DB required.

  • Must have excellent verbal and written communication skills, and ability to work with direct management.

  • Ability to adapt to and accept change easily

  • Must be able to work in an organized, independent, efficient, professional manner.

Freedom Mortgage is a privately held, full-service residential mortgage lender licensed in all 50 states, Washington D.C., Puerto Rico and the Virgin Islands. We are one of the largest and fastest-growing privately held mortgage companies in the country, as well as a top 5 residential lender in the USA. Freedom Mortgage currently services more than 200 billion dollars in loans. And we are continuing to grow! Freedom Mortgage is proud to be recognized by Inc. Magazine’s, Inc. 5000 rankings for the fastest growing private firms in the nation for five consecutive years (2013-2017).

Freedom Mortgage has over 4000 employees and offices nationwide. Locations include suburban Philadelphia (multiple sites in Southern New Jersey and Fort Washington, PA) and Fishers, IN, two regions where we were named Top Workplaces. We also have large operating centers in Melville, NY; Orlando, FL; San Dimas, CA; and Tempe, AZ.

Freedom Mortgage team members enjoy our total rewards program, including excellent benefits, perks, business casual dress, rewards programs, training, development and career opportunities. Community spirit is one of our shared values and Team Freedom Cares is our philanthropic arm helping us get involved in the communities in which we operate. Learn more about us and apply!

Freedom Mortgage Corporation is an Equal Opportunity Employer committed to workforce diversity. Qualified applicants will receive consideration without regard to age, race, color, religion, gender, sexual orientation, national origin, or their status as a protected veteran or an individual with disabilities. Local applicants encouraged to apply. Employment contingent upon successful completion of background investigation. Smoke-free workplace. Drug-free work environment. Excellent benefits package including medical, dental, vision and 401(k). All resumes are held in confidence. Only candidates whose profiles closely match requirements will be contacted during this search. LENDER NMLS ID:2767

Equal Opportunity Employer- Minorities/Females/Disabled/Veterans