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Servicing Business Analyst

Company: Flagstar Bank
Location: Troy
Posted on: November 18, 2021

Job Description:

The Business Analyst in the Mortgage Servicing Operations department is responsible for providing strategic support to the Performing Servicing division by managing Investor compliance, external exams/audits, procedure updates, publication of Servicing documentation and intranet website management, as well as overall support to Senior management. The role is designed to evaluate, identify, and implement areas and processes of improvement in a fast moving environment. Analyst will follow process and project methodology to assess current state of risk and controls and then develop and recommend updates to business owners to align to best in class services with staying in line with regulatory and investor compliance. The Analyst will design efficient processes and implement using automation by driving the defining, analyzing & documenting of requirements and developing test plans and seeing those requirements are executed as planned, on time. Must have working knowledge of MSP and servicing requirements.

  • Audits/Exams/Reviews - Oversee audits, exams, and reviews which impact Performing Servicing, in particular investor and MSR audits. - Responsibilities include coordination and communication with all applicable business units, loan level review of processes, controls, reporting, and exception management to craft the business unit response and/or rebuttal, as well as 100% quality control. Manage audit, exam, and review process from start to finish. - Responsibilities includes working directly with examiners and Senior Management as well as investors, regulators, auditors, and outside consultants.
  • Guidelines and Regulations - Analyze assigned changes to guidelines and regulations. - Proactive development of operational processes that adhere to servicing requirements. - Partner with Compliance and Legal for regulatory and investor guideline changes. Engage with the entire Performing Servicing division, as well as additional departments (such as Customer Engagement Center) to analyze, implement and update processes by utilizing sound process compliance and risk mitigation techniques. - Complete Investor reviews for the Servicing divisions through process analysis, risk mitigation, and best practices business planning model. - Write summaries which include internal decisions on interpretation and publish on the intranet. - Must be able to independently research and determine applicability to Flagstar.
  • Project Lifecycle and Documentation. - Identify and define the operational opportunities, collect and analyze data and requirements, evaluate processes and procedures, develop recommendations to resolve the issue as part of an action plan, support testing and implementation, including policy and procedures updates and drive project through production rollout, including official publication. - Independently craft solutions with measurable results (streamlined processes and reduction in cost). -
  • Champion Communication - Deliver consistent, clear, and concise communication during the development and implementation of all audits and projects/initiatives/projects with cross functional business partners. -Timely and accurately develop monthly reporting package for department reports and trending for Senior and Executive management.
  • Ensures compliance with applicable federal, state and local laws and regulations. Completes all required compliance training. Maintains knowledge of and adhere to Flagstar's internal compliance policies and procedures. Takes responsibility to keep up to date with changing regulations and policies. Job Requirements:
    • Bachelor's Degree Business, Finance, Law, or related Required
    • Six Sigma, PMP, CIPP Preferred
    • Project Management, Process Improvement Preferred
    • Combination of 6 years+ experience within Mortgage, Mortgage Servicing, and/or Financial Services, preferably in a Business Analyst role.
    • Maintain the highest levels of confidentiality
    • Comfortable in Microsoft Visio, Project, Access, Publisher, Excel, PowerPoint, Word
    • Working knowledge of operational best practices and working knowledge of risk and control frameworks for Servicing Operations
    • Focused on creation of efficiencies, root cause analysis, and process improvements
    • Strong problem solving and negotiation skills with an ability to identify problems and recommend solutions quickly
    • Exceptional written and oral communication
    • Must be highly organized self-starter and independent worker with a strong attention to detail Internal Use Only: Band G

Keywords: Flagstar Bank, Troy , Servicing Business Analyst, Accounting, Auditing , Troy, Michigan

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