Flagstar Bank
Recourse Source Specialist
5 days agoWhat's your preference?
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
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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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