Flagstar Bank

Recourse Source Specialist

5 days ago

PayCompetitive
LocationUnited/Pennsylvania
Employment typeFull-Time
  • Job Description

      Req#: 19429
      Employer Industry: Banking and Mortgage Services

      Why consider this job opportunity:
      - Salary range up to $112,000
      - Opportunity for career advancement and growth within the organization
      - Comprehensive benefits including medical, dental, vision, life, and disability insurance
      - Supportive work environment with ongoing training and development for staff
      - Involvement in critical decision-making processes that mitigate financial risk for the bank

      What to Expect (Job Responsibilities):
      - Manage the bank’s repurchase and loss mitigation processes, ensuring compliance with investor and servicer requirements
      - Coach and manage a team of auditors and analysts, providing training and performance assessments
      - Establish and implement departmental procedures and training manuals to enhance operational efficiency
      - Review and negotiate demand disputes and losses, making informed decisions to support funding outcomes
      - Ensure compliance with federal, state, and local regulations while maintaining up-to-date knowledge of industry policies

      What is Required (Qualifications):
      - High School Diploma or equivalent required; Bachelor’s Degree preferred
      - 3-4 years of mortgage underwriting experience or 7-10 years of extensive experience in mortgage credit misrepresentation
      - Minimum of 2 years of experience in negotiations with Investors/Servicers/Mortgage Insurance companies
      - 3-5 years of experience managing a team
      - Excellent written and verbal communication skills, with proficiency in time management

      How to Stand Out (Preferred Qualifications):
      - Training in Underwriting, Credit, and Repurchase Risk
      - Self-starter with the ability to distill complex information into understandable content
      - Proficiency in Microsoft Word and Excel
      - Demonstrated ability to define and resolve problems effectively

      #Banking #MortgageServices #CareerOpportunity #Management #Compliance #TeamLeadership

      We prioritize candidate privacy and champion equal-opportunity employment. Central to our mission is our partnership with companies that share this commitment. We aim to foster a fair, transparent, and secure hiring environment for all. If you encounter any employer not adhering to these principles, please bring it to our attention immediately.
      We are not the EOR (Employer of Record) for this position. Our role in this specific opportunity is to connect outstanding candidates with a top-tier employer.
  • About the company

      Flagstar Bank is a bank headquartered in Michigan.

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