Description
Freedom Mortgage
Moorestown, New Jersey, United States of America
Mortgage Servicing
Full time
Remote
Summary:
The Litigation Analyst is responsible for non-jury trial case handling across all portfolios and investors and Non-Routine Case Management. The Analyst is responsible for specific account coordination with external stakeholders (including foreclosure counsel, investor and judicial bodies). The Analyst works autonomously, balancing investor and courtroom requirements in a fast-paced, legal setting. 80% plus travel required. Responsible for working directly with governmental, special servicing, private label, and high profile investors while making decisions and providing resolutions regarding routine contested foreclosure issues in order to minimize risks and mitigate loss outside of their delegated authority. Provide management with status updates and prepare a variety of complex reports to ensure compliance with all agency, investor and insurer guidelines. Support internal staff with questions regarding contested foreclosure matters within their delegated authority. Responsible for ensuring the contested default process is completed accurately in adherence to mandatory state and investor timelines by acting as a liaison between Freedom Mortgage and outside counsel.
Essential Job Duties and Responsibilities:
Utilize judicial processes and protocols for state trial procedures
Consistent travel required
Appear in person or telephonically for non-jury trials, depositions, and other hearings
Represent Freedom Mortgage in various contested and non-contested litigation trials with full settlement authority or settle cases where consent judgment may be reached
Utilize judicial processes and protocols for state trial procedures
Interact with judges, court appointed mediators, opposing counsel, borrowers and Freedom retained counsel to resolve delinquencies through loss mitigation and or foreclosure management
Ensure accurate & timely Attorney referral on all Non-Routine Cases
Working knowledge of mortgage banking, familiarity with RESPA, FDCPA &federal and state laws related to legal
Manage time reporting, travel scheduling, expense reporting and regular business activities when off-site travel required.
Maintain, review and manage litigation pipeline with in house counsel
Maintain, update and manage business records within Tempo, Fiserv and other Business Systems to capture account activity.
Managing past due and approaching standard Contested FCL cases including FNMA, GNMA, FHLMC, FHA,VA,USDA & Private Investors
Follow up on all contested foreclosure actions daily/monthly to ensure investor guidelines and monthly status requirements are within compliance.
Examine contested litigation related expenses as they pertain to investor guidelines/company policy
Monthly reporting and distribution
Assist with reviewing state, federal and investor/insurer changes as well as process implementation
Assist with reviewing and responding to audits
Ensure accounts are properly documented with actions taken, correspondence, and explanation of controllable vs non controllable delays.
Knowledgeable in agency, investor or insurer timelines and documents requirements for judicial and non-judicial foreclosures.
Perform periodic analyses and review of data and investigate questionable items.
Develop a strong working relationship with network of Servicer Appointed and Designated Counsels
Comply with all company policies and procedures.
Maintain regular and punctual attendance.
Other Job Duties and Responsibilities:
Performs other related duties as assigned.
Supervisory Responsibilities:
This position is an individual contributor with no direct reports but may provide guidance, leadership, or training to others.
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.
Fiserv/Loanserv
Microsoft Word
Vendorscape
Tempo
Education and/or Experience:
Bachelor's Degree from a Four (4) year College or University and or four (4) to five (5) years related experience and/or training or equivalent combination of education and experience.
Paralegal or 7-10 years working knowledge of foreclosure laws and terminology.
Must have 3+ years of handling depositions and Non-Jury Trials.
Certificates, Licenses, Registrations:
None Required
Work Complexity:
Problems and issues faced are numerous and , and require detailed information gathering, analysis and investigation to understand the problem, as well as experience in the financial/mortgage (or job-specific) industry. Problems typically impact multiple departments or specialties. Problems are typically solved through drawing from prior experience and analysis of issues.
Work Environment:
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Work is normally performed in a typical interior office work environment which does not subject the employee to any hazardous or unpleasant elements. The noise level in the work environment is usually moderate.
Physical Demands:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. 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 frequently required to sit and talk or hear. The employee is occasionally required to stand; walk; use hands to finger, handle, or feel; and reach with hands and arms. The employee must occasionally lift and/or move up to 25 pounds.
Equal Employment Opportunity:
The company is committed to providing equal employment opportunities to all employees and applicants without regard to race, ethnicity, color, sex, marital status, sexual orientation, gender identity or expression, pregnancy, religion, national origin, age (40 and over), disability, military status, genetic information, or any other basis protected by applicable federal, state, or local laws.
Americans with Disabilities Act:
Applicants as well as employees who are or become disabled must be able to satisfactorily perform the essential job functions of the position either with or without reasonable accommodation. Applicants as well as employees are encouraged to meet with Human Resources as the organization shall review reasonable accommodations on a case-by-case basis in accordance with applicable law.
Job Responsibilities:
The statements reflect the general duties and responsibilities considered necessary to perform the essential functions of the job and should not be considered as an all-inclusive list of all the work requirements of the position. The company may change the specific job duties with or without prior notice based on the needs of the organization.
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