Rushmore Loan Management Services

Returning Candidate?

Default Credit Risk, Supervisor

Default Credit Risk, Supervisor

Job ID 
2017-1922
Job Locations 
US-TX-Dallas
Category 
Default Credit Risk
Type 
Regular Full-Time
FLSA Status 
Exempt

More information about this job

Overview

 

POSITION SUMMARY:

 

The Default Credit Risk Supervisor is responsible for supervising the underwriting staff’s performance, ensuring adherence to regulatory guidance, and reporting production results. The position will also be responsible for second signing higher risk transactions. This position works closely with the Loss Mitigation and Default Management Departments.

Responsibilities

ESSENTIAL DUTIES AND RESPONSIBILITIES:

 

  • Quality control of underwriter’s reviews of modification files, to support home retention efforts and manage company risk
  • Analyze transactions to ensure compliance with investor proprietary as well as HAMP, FHA, VA, USDA and GSE program modification guidelines

  • Owner of modification process flow at point of handoff from loss mitigation agent through generation of documents and final system changes
  • Ensure modifications are moving forward in pipeline within specified regulatory and investor SLA’s
  • Submit proposed modification terms through proprietary loss mitigation system, second sign higher risk transactions
  • Weekly and monthly reporting on underwriter and support staff production and turn times as well as accomplishments/challenges
  • Assist in creation, maintenance, and updating of departmental policies and procedures
  • Training of new employees, as well as on-going training of staff
  • Respond to QC inquiries and information requests from QC, as well as internal and external auditors
  • Use of proprietary and industry standard loss mitigation systems and other standard office programs

 

Qualifications

ESSENTIAL KNOWLEDGE & SKILLS: 

 

     • 7+ years’ experience in residential mortgage underwriting, ability to calculate income, expenses, ratios, NDI, and other standard underwriting knowledge

      • Management and QC or audit experience, enhanced submission authority

      • Superior time management skills and attention to detail

      • Ability to own a process

 

 

EDUCATION AND/OR EXPERIENCE:

      Bachelor’s degree in Business Management or other relevant coursework preferred, or equivalent training and work experience; High School Diploma required.

      • Experience with modification documentation or origination closing documentation

      • Familiarity with HAMP, FHA, VA guides and procedures

      • NMLS Licensing

      • Servicing experience, especially delinquent assets

 

 

 

MACHINES, OFFICE EQUIPMENT & SOFTWARE:

      PC computer with Windows operating system, facsimile, photocopier, MS Word, Excel and Access.

      • Proficiency in MSP, subject matter expert preferred

 

 

Connect With Us!

Not ready to apply? Connect with us for general consideration.