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Claims Specialist - MVSO - Band 6 - Plano, TX

Plano, Texas

Job Description:

Bank initiated claims is responsible for placing claims on properties that have been damaged to recover insurance funds to offset the devaluation to the collateral the damage has caused.

Bank Initiated Claims consists of identifying damage that is covered under the insurance policies in place on the loan (Hazard and Flood) and claim placement.

Process includes but is not limited to:

  • Identify claimable damage
  • Identify date of loss/discovery of damage
  • Place claims with carrier
  • Follow up with carrier
  • Escalate at carrier
  • Arrange access to property
  • Provide documentation supporting loss
  • Negotiate appropriate settlement
  • Place supplemental claims as needed
  • Final document receipt and saving
  • Check receipt processing for deposit
  • Validation of deposit
  • Interaction with default partners

Required Skills:

  • Mortgage servicing experience (Default, Preservation)
  • End to end loan management experience
  • Portfolio management experience
  • Strong analytical skills
  • Independent self-starter
  • Strong reasoning skills, initiative and ability to thrive in a supportive team environment
  • Self-management skills

Desired Skills:

  • Insurance Claims experience
  • Default Servicing background

Enterprise Description

Evaluates claim data, investigates facts, verifies coverage, determines liability, addresses recovery potential, documents and reports file in accordance with company compliance and regulatory standards. Handles claims where issues are of a complex nature, communicates effectively both written and oral with customers and vendors, promptly and equitably settles claims presented to them. Typically requires minimum of 5 years of insurance experience in adjusting claims.

Job Band:

H6

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

M-F 8-5

Referral Bonus Amount:

0

Job Description:

Bank initiated claims is responsible for placing claims on properties that have been damaged to recover insurance funds to offset the devaluation to the collateral the damage has caused.

Bank Initiated Claims consists of identifying damage that is covered under the insurance policies in place on the loan (Hazard and Flood) and claim placement.

Process includes but is not limited to:

  • Identify claimable damage
  • Identify date of loss/discovery of damage
  • Place claims with carrier
  • Follow up with carrier
  • Escalate at carrier
  • Arrange access to property
  • Provide documentation supporting loss
  • Negotiate appropriate settlement
  • Place supplemental claims as needed
  • Final document receipt and saving
  • Check receipt processing for deposit
  • Validation of deposit
  • Interaction with default partners

Required Skills:

  • Mortgage servicing experience (Default, Preservation)
  • End to end loan management experience
  • Portfolio management experience
  • Strong analytical skills
  • Independent self-starter
  • Strong reasoning skills, initiative and ability to thrive in a supportive team environment
  • Self-management skills

Desired Skills:

  • Insurance Claims experience
  • Default Servicing background

Enterprise Description

Evaluates claim data, investigates facts, verifies coverage, determines liability, addresses recovery potential, documents and reports file in accordance with company compliance and regulatory standards. Handles claims where issues are of a complex nature, communicates effectively both written and oral with customers and vendors, promptly and equitably settles claims presented to them. Typically requires minimum of 5 years of insurance experience in adjusting claims.

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21046199

Band: H6

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Kerry Lucas

Referral Bonus:

0

Street Address

Primary Location:
7105 CORPORATE DR, TX, Plano, 75024