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Description

The Mortgage Servicing Default Claims Processor is responsible for the timely and accurate preparation, submission, and reconciliation of default-related claims to investors and insurers, including HUD/FHA, VA, USDA, Fannie Mae, Freddie Mac, and private mortgage insurance (MI) companies. This includes evaluating claim submissions, supporting documentation, and reimbursement processes to ensure compliance with investor/insurer guidelines and company standards. The role plays a critical part in mitigating financial risk and ensuring claim recoverability. May assist in developing and implementing policies, procedures, and training materials to maximize efficiency. This role ensures compliance with all regulatory, investor, and insurer guidelines while working to maximize recovery on defaulted loans.

Primary Responsibilities include:

+ Prepare and submit claims for defaulted mortgage loans, including foreclosure, short sale, deed-in-lieu (DIL), and Real Estate Owned (REO).

+ Review loan documents, servicing notes, and timelines to ensure accuracy and completeness of claim packages.

+ Ensure compliance with investor/insurer guidelines and servicing timelines.

+ Communicate with internal departments (foreclosure, bankruptcy, loss mitigation, REO) to gather required documentation and resolve discrepancies.

+ Utilize servicing systems (e.g., Black Knight MSP, LPS) and investor portals (e.g., FHA Catalyst, VA Servicer Portal) to submit claims.

+ Monitor and track claim payments, denials, or curtailments and resolve exceptions or rejections.

+ Maintain accurate records for audit readiness and investor/insurer reporting.

+ Support internal and external audits by providing requested documentation and clarifications.

+ Identify process improvement opportunities to increase claim recovery efficiency.

Qualifications/Required Skills/Experience:

+ 2 to 4 years of experience with Mortgage Servicing Operations

+ Knowledge of the Foreclosure, Loss Mitigation, Bankruptcy and Collection process

+ Ability to develop and deliver presentations.

+ Knowledge of business concepts as applicable to ACDC department

+ Ability to work independently and have strong analytic skills.

+ Ability to adapt procedures, processes, and techniques to the completion of assignments.

+ Ability to develop and prepare business analysis.

+ Ability to process computer data and to format and generate reports.

+ Able to independently apply competencies in routine and more complex situations.

+ Knowledge of the Investor/Insurer and MI companies reporting requirements and deadlines.

+ Work closely with Investor Reporting, Default Cash and Claims as well as all other Default Business lines.

+ Ability to manage competing priorities.

+ Knowledge of MSP/ LoanSphere

+ Advanced Microsoft office skills (Excel/Word/PowerPoint)

+ Knowledge of regulatory expectations, risk exposure level, compliance deficiencies audit requirements.

+ Knowledge of strategic analytics, enterprise-wide impacts, and concepts.

+ Education-Certifications and/or other professional Credentials: HS Diploma, College degree, Associates degree and/or minimum of 3 years mortgage servicing experience

Hours & Work Schedule

Hours per week: 40

Work Schedule: Monday- Friday 8:00am-5:00pm

*This is a hybrid (4 days a week in office) after successful training period*

Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.

Equal Employment Opportunity

Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism. Employment decisions are based solely on merit, qualifications, performance and capability.

Why Work for Us

At Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth

Background Check

Any offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks. Results of the background check are individually reviewed based upon legal requirements imposed by our regulators and with consideration of the nature and gravity of the background history and the job offered. Any offer of employment will include further information.

12/31/2025