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Posted by: Freedom Mortgage on May 17, 2022


Location:

Charlotte , FL

Job Description:

**THIS POSITION CAN BE WORKED 100% REMOTE**

The Manager of Default Business Controls will report to the Director Default Business Controls and work closely with the internal operational departments as well as external vendors.The primary responsibility is ensuring state and federal regulations, agency guidance and policy and procedures are followed within all lines of business of Default. In addition to compliance testing, responses to all internal and external audits along with performance management of KRI and RSA dashboard performance.The Manager must demonstrate a strong knowledge and understanding of the various rules/regulations for the GSE and Governmental Agencies.The Manager of Business Controls is responsible for identifying any and all issues which may cause risk to Freedom and provide structured communication back to the lines of business.Identification of risk will be identified through audit process and internal testing conducted by the Business Controls Group.

Examines documentation and processes to ensure control points are executed in adherence to regulatory and agency guidance, policies and procedures. Ensures completion of all internal and external audit responses for Default. Default RSA and KRI oversight, testing controls within all Default lines of business, ensuring successful dashboard reporting.
Oversight of monthly Default department and employee level scorecard performance and metrics. Oversight of Change Control Testing, verifying change is documented and working in production as required, testing monthly/quarterly/yearly. Recommend and assist Default departments with process improvements or offer suggestions as to how risk can be mitigated within a process of a department. Provide guidance and leadership for management and staff. Lead and mentor staff to develop and reinforce skills, improve processes and procedures, and increase overall effectiveness Stays abreast of changes in the servicing industry specific to Default. Establish and foster a work culture at all levels within the operation, which is positive, collaborative, respectful and capable of driving long term operational sustainability. Work with management to develop and implement new or revised processes and guidelines. Review reports to ensure system integrity of all Default information. Management responsibilities, including hiring and training employees, directing work, monitoring and completing performance evaluations, employee recognition and discipline, addressing complaints and resolving problems. Keep management informed of all trends and problems including, but not limited to areas of risk and curtailments, avoidable losses, and compliance problems that will create an "out of compliance" condition or expose Freedom to any risk of exposure or liability. Assist in identification of business drivers and trends as well as development and execution of strategic
plans to address trends.
Position Requirements:
Must have at least 6+ years of experience in residential mortgage servicing specializing in Default Operations. Able to work collaboratively with others. Articulate and effective communicator able to prepare and deliver detailed oral and written presentations to management. Able to complete assignments independently and meet reporting targets. Strong knowledge of GSE and Government Agency Default requirements. Industry and product knowledge LoanServ servicing system experience is a plus #CB
#LI-EE1

Pay Rate:

Unspecified

HR. Website URL:

https://careers.freedommortgage.com/jobs

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About Freedom Mortgage

At Freedom Mortgage, our mission is to foster homeownership across the United States. We specialize in mortgages that can help you buy or refinance a home regardless of your unique circumstances. We are particularly focused on helping our service men and women realize the American dream of home ownership. To see what our customers say about us, read our Freedom Mortgage reviews. We are the #1 VA lender in the nation 1 We are the #1 FHA lender in the nation 1 We are the #6 residential lender in the nation 1 We are family owned and operated since 1990 We service mortgages for more than 1.25 million customers We are licensed in all 50 states, the District of Columbia, Puerto Rico and the Virgin Islands

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