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FHA Claims Supervisor

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Description

Soar With Us

Flying ahead of the flock for over 30 years, we at Freedom Mortgage have taken millions of Americans under our wing and helped them achieve their dreams of financial betterment and homeownership. This is only possible through our vast knowledge base and broad capabilities, and it’s demonstrated by our winning trajectory.

The Opportunity:  FHA Claims Supervisor

The FHA Claims Supervisor filing is responsible for the coordinating, monitoring and management of the Claims staff and third party claims vendor.  This includes ensuring that the HUD Part B, SFLS, loss mitigation and CWCOT claims filing process is completed both accurately and timely and in accordance with FHA guidelines from the appropriate disposition action through final claim settlement.  Additional responsibilities include claim auditing and curtailment/loss analysis and reporting to Default management.

 

What does the job look like?

As an  FHA Claims Supervisor  your daily duties will include.

  • Responsible to ensure that all title packages are completed within insurer timeframe requirements.
  • Corresponding with law firms around title delays that may impact FHA timelines. 
  • Ensure FHA Part B claims, SFLS, loss mitigation and non-conveyance claims (CWCOT-Claims Without Conveyance of Title) are filed accurately and timely in accordance with FHA timeframe requirements.
  • Auditing of claims and analysis of curtailments/losses for inclusion in reporting to management
  • Manage title package submission process and monitor for approval of all required extensions. 
  • Manage performance of third party claim filing vendor to ensure claims filed timely
  • Manage loss mitigation partial claim administrative processes as part of claim oversight and management
  • Facilitate weekly/bi-weekly meetings with staff and provide training, coaching and counseling to claims staff.
  • Utilize exception and control reports to identify backlogs and ensure work is completed timely and accurately.
  • Ensure daily/weekly follow-up on all outstanding claim proceeds as well as suspended claims.
  • Keep up to date on all FHA servicing requirements and revisions.
  • Keep manager/Director informed of all trends and problems including, but not limited to claim denials/curtailments, avoidable losses, title problems and compliance problems that will create an “out of compliance” condition or expose Freedom to any risk of exposure or liability.
  • Complete and conduct performance reviews, monitor individual staff performance and work in conjunction with the Human Resources department to resolve performance issues.
  • Ensure all monthly investor, insurer and other required reporting is completed timely and accurately.
  • Communicates any trends and / or problems with recommended solutions to department management.
  • Ability to handle advanced Excel and PowerPoint requirements for the Manager’s area of responsibility. 
  • Supervisory Responsibilities: Manages staff and carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

Education and Position Requirements 

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. Individuals are knowledgeable in their area of expertise. Identify and resolve problems in a timely fashion following established guidelines.  Identify when to refer more complex problems to manager/AVP for resolution.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job.  

  • Bachelors Degree (B.A.) from a four-year College or University; or four to six years related experience and/or training; or equivalent combination of education and experience.
  • Strong knowledge base around FHA servicing and expense reimbursement requirements through claims filed to HUD
  • Familiar with all HUD claim types including conveyance claims, non-conveyance claims and loss mitigation claims
  • Loanserv system and TEMPO default servicing system experience
  • CMAX claims system experience
  •   Language Skills: Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals.  Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
  • Mathematical Skills: Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry.  Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.
  • Reasoning Ability: Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

 

Soar With Us.

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