Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
Articles |The FORUM |Law Library |Videos | Fraudsters & Co. |File Complaints |How they STEAL |Search MSFraud |Contact Us
SPS Document Control Rep II
Job Description:

Maintain vital legal documents for foreclosure department, in-house attorneys, and outsourcing companies ensuring the prevention of loss or destruction of documents essential to the foreclosure function. Produce exception reports daily and provide to requesting parties. Professionally coordinate smooth line of communication and timelines between all concerned parties. Provide requested information in timely and organized fashion. Other tasks on ad-hoc basis. Excellent communication skills, proper management of all tasks through team-work and efficiency are critical to job performance.

1. Order, receive, audit and forward collateral file to responsible department. 2. Receive, Re-audit, and forward to Custodian or Vault.
3. Order, receive, prep and forward return collateral to online scanning or requested party
4. Input all information into Doc Control database and forward to Nationwide Title clearing for execution.
5. Find location of file for loose documents, research borrower info (Name, Prior #, Status, Custodian) Forward documents to proper location
6. Maintain vault
7. Print follow-up list from LTS daily. Mark requests complete in LTS and add to Doc Control Database for ordering.
8. Download requests that are added to the database from follow-up list , convert to an Excel spreadsheet and then email to Nationwide for ordering from the custodian.

Minimum of 1-2 years of mortgage industry experience. Working knowledge of mortgage documents. Self-motivated and able to work under pressure. Working knowledge of Windows 95, Microsoft Word and, Excel. Excellent organizational and follow-up skills. Ability to be detail oriented and able to follow complex instructions. Teamwork and efficiency. Excellent written and oral communication skills.

Principal Outcomes/Accountabilities of Job & Direct Reports:
Business results that are measured are: Large volume of work that is handled. Very strict timelines by Foreclosures department as well as Attorneys for the large number of loans that are being processed. Responsible for controlling and maintaining document control’s copy function. Be sure that all requests are ordered, received in a respectable time line, as well as audit and disturb to the requested party.

Physical Demands:
Lifting 50-60 lbs. Daily required. May be lifting boxes of files, copies and loose documents. Stooping, bending, crawling etc required daily. Will be pulling files from vault. Frequent deadlines weekly and monthly.

No wonder they can't find anything.

Quote 0 0
He, he. I hear that Ocwen uses the same "state of the art" archaic platform. Funny how mortgage servicers seem unable to get beyond this very flawed OS. Even Windows 98 would present the dreaded BSOD every few days for no apparent reason so I can only imagine what Windows 95 does....

Using the outdated inherently-flawed platform does make it easier to blame everything on "unavoidable computer crashes" though, doesn't it? "Fraud, your honor? Oh no! The computers kept crashing every three days and we did the best we could..."

Heck, the US government is still using outdated insecure OSs. How can they demand better from business?
Quote 0 0
Didn't '95 have a "DEFAULT" button built in?????????
Quote 0 0
Write a reply...