What are the responsibilities and job description for the Loss Analyst position at loanDepot?
Position Summary:
The Analyst, Loss Analysis is responsible for the QC, audit and oversight of claims filed. It is the Analyst’s duty to ensure that all claims comply with investor and insurer requirements and assist in the reduction of loss exposure to the Company. The Analyst will provide claims loss analysis reports weekly, monthly or as determined by management. In instances where a claims error is identified, a supplemental claim will be filed by the Analyst.
Responsibilities:
- Complete loss analysis reviews to safeguard the servicer’s assets and ensure compliance with insurer requirements
- Analyze and rebut insurer curtailments for all government insured filed claims, including but not limited to conveyance, claims for advances, loss mitigation and non-conveyance claims
- Quality Control review for Default Claims, including supplemental claims to reduce loss exposure and provide loss analysis reports
- Assist in compiling claims data for government claims audits, in addition reviewing auditors’ findings and providing rebuttal responses
- Complete monthly write offs of remaining balances once all claims and supplemental funds received on an account
- Act as a subject matter expert to the claims department to ensure compliance on all claims filings
- Correspond with vendors and site employees
- Act as a point of contact/liaison, ensuring that policies and procedures relating to invoicing and remittance are followed, including compliance with federal laws and regulations
- Demonstrates professional behavior and teamwork, is punctual, dependable and adheres to Company policies and procedures
- Ability to work necessary hours to ensure success
- Maintain regular and punctual attendance.
Requirements:
- High School diploma or equivalent required.
- Bachelor’s Degree from a Four (4) year College or University preferred.
- Minimum of five years of experience in the rebuttal of compensatory fees and curtailments process, investor claims processing, auditing and loss analysis reporting; or equivalent combination of education and experience.
- An in-depth understanding of all government regulations pertaining to claims filing and reimbursement.
- Strong understanding of FHA, VA and GSE claims guidelines
- Microsoft Office experience and advanced Excel knowledge
- Ability to read, analyze and interpret documents such as technical journals, financial reports, legal documents, policies and procedures
- Ability to calculate basic financial figures and amounts
- Proficient in computer skills and knowledge of word processing, spreadsheet, accounting, general ledger, accounts receivable, accounts payable, e-mail and internet software
Why work for #teamloanDepot:
- Aggressive compensation package based on experience and skill set.
- Inclusive, diverse, and collaborative culture where people from all backgrounds can thrive.
- Work with other passionate, purposeful, and customer-centric people.
- Extensive internal growth and professional development opportunities including tuition reimbursement.
- Comprehensive benefits package including Medical/Dental/Vision.
- Wellness program to support both mental and physical health.
- Generous paid time off for both exempt and non-exempt positions.
About loanDepot:
loanDepot (NYSE: LDI) is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010, loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier, faster, and less stressful to purchase or refinance a home. Today, as the nation's second largest non-bank retail mortgage lender, loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. With headquarters in Southern California and offices nationwide, loanDepot is committed to serving the communities in which its team lives and works through a variety of local, regional, and national philanthropic efforts.
Base pay is one part of our total compensation package and is determined within a range. This provides the opportunity to progress as you grow and develop within a role. The base pay for this roles is between $29/hr- $32/hr. Your base pay will depend on multiple individualized factors, including your job-related knowledge/skills, qualifications, experience, and market location.
We are an equal opportunity employer and value diversity in our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
Salary : $29 - $32
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