Description: The Loss Analysis Specialist, performs detailed reviews on the servicing file, after claims recoveries have completed, in order to determine losses and root causes, submit chargebacks to departments and vendors for avoidable losses, clear out appropriate balances on the loan and close the REO Workstation down. + Performs a detailed review of the servicing file from date of default to final claim payment + Reviews claim to determine if a supplemental claim is needed + Performs a root cause analysis of the servicing file from date of default through final close out to ensure all regulatory and contractual requirements are adhered to + Submits RCA (root cause analysis) chargebacks to vendors and departments as appropriate for avoidable losses incurred, providing detailed backup and answering any follow-up questions the business line may have + Identifies contractual versus non-contractual loss; type of loss; and reconciliation of final accounting + Sends requests and documents system to clear balances and close down REO Workstation + Identifies missed steps, or steps outside the review and reporting process and flags in Director + Assist in training new team members + Serves as Subject Matter Expert for client and inter-departmental escalations + Other duties as required + Appropriately assess risk when business decisions are made, including but not limited to compliance and operational risk. + Ensure all GSE loans have accurate reasons for delinquency and proper status codes by month-end + Ensure accurate and timely FHA and VA monthly default reporting + Conduct postmortem analysis of loans to determine what is claimable and what is not attributed to each scenario + Determine controllable loss and assign it to the upstream business unit to understand process gaps and avoid future losses + Manage very manual processes requiring a strong understanding of the process due to their manual nature + Conduct forensic loss analysis/post-mortem on loans after claims have been paid to determine if the loss is the client’s or the company’s + Prepare loss sheets for clients detailing the cost Additional Skills & Qualifications: + Minimum 4+ years of experience experience in mortgage servicing (Preferably Claims) + Minimum 4+ years of experience utilizing MS Excel (vlookup, Pivot Tables) + Demonstrated understanding of the Claims Process: Allowable items, filing process, documentation and time frame requirements, EOBs/AOPs, structure of the guarantee and investor risk + Demonstrated understanding of the Default Servicing cycle & expertise in at least 1 other default department + Working knowledge of the Black Knight MSP servicing system + Working knowledge of MS Outlook, Word, Excel, Power Point, and ability to learn industry related systems + Quality assurance within mortgage, default claims filing + Previous experience with basic cost accounting Benefits: Eligibility requirements apply to some benefits and may depend on your job classification and length of employment. Benefits are subject to change and may be subject to specific elections, plan, or program terms. If eligible, the benefits available for this temporary role may include the following: + Medical, dental & vision + Critical Illness, Accident, and Hospital + 401(k) Retirement Plan – Pre-tax and Roth post-tax contributions available + Life Insurance (Voluntary Life & AD&D for the employee and dependents) + Short and long-term disability + Health Spending Account (HSA) + Transportation benefits + Employee Assistance Program + Time Off/Leave (PTO, Vacation or Sick Leave) About TEKsystems: We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company. The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.