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Default Best Execution Manager - Remote

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Description

THIS POSITION CAN BE WORKED 100% REMOTE

POSITION SUMMARY:


The Default Best Execution Manager is responsible for management of a team handling the day-to-day activities related to analyzing defaulted loans and acquired properties to determine the best disposition strategy and financial outcome on those loans for Freedom Mortgage.  Team responsibilities consist of:                                                                                                                                                               

Property Disposition Review – The Property Disposition staff reviews property risk scoring, financial and estimated claims data, and projected gains/losses on individual loans/properties for disposition decisioning. 

Best Execution – Best Execution staff identify and manage high risk loans during the default process.  High risk loans may be loans/properties with extensive damages, condemnation or violation notices, contested actions or litigation, or scenarios that could yield high loss to Freedom Mortgage.  Best Execution management includes researching high risk circumstances, analyzing impacts of not remediating high risk circumstances, developing written chronologies and summaries of loan histories, formulating recommendations for review and approval of disposition strategy.   

Charge off– Staff are primarily responsible for review and analysis of low balance loans and loans recommended for charge off, submission of charge off approvals to investors, processing charge offs in system of record and coordinating communication to internal impacted departments.
  • 5+ years of mortgage servicing experience within Loss Mitigation, Bankruptcy, Foreclosure and/or Claims
  • 2+ years of leadership experience (supervisory level or above)
  • High school diploma or equivalent


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