Loan Research Negotiation Specialist I
About The Position
The Loan Resolution Negotiation Specialist will negotiate and formalize retention or liquidation workout solutions with defaulted borrowers, in an effort to avoid the completion of foreclosure and to mitigate loss to the borrower and the company. As the Specialist, you will ensure activities are in compliance with federal, state and local regulations as well as in accord with PNMAC policies and procedures. The Loan Resolution Negotiation Specialist will: Analyze financial statements, loan documentation and other relevant data to determine best workout solution Conduct gain/loss analysis on loans to project any potential future loss versus the acceptance of a short sale or deed in lieu Facilitate disposition efforts with borrowers, loan officers, attorneys, real estate agents, title companies and/or other third parties. Follow up as needed to ensure closure of approved deals Educate and counsel borrower on workout options and the implication of each option Obtain transaction approval by preparing complete package for management review Perform other duties as required and assigned Demonstrate behaviors which are aligned with the organization’s desired culture and values
Requirements
- Ability to maintain a professional demeanor and attitude while speaking with customers or conversing via email
- Must be highly proficient in Excel and Word
Nice To Haves
- Experience with first and second mortgage liens and short sale/ liquidation preferred
Responsibilities
- Analyze financial statements, loan documentation and other relevant data to determine best workout solution
- Conduct gain/loss analysis on loans to project any potential future loss versus the acceptance of a short sale or deed in lieu
- Facilitate disposition efforts with borrowers, loan officers, attorneys, real estate agents, title companies and/or other third parties. Follow up as needed to ensure closure of approved deals
- Educate and counsel borrower on workout options and the implication of each option
- Obtain transaction approval by preparing complete package for management review
- Perform other duties as required and assigned
- Demonstrate behaviors which are aligned with the organization’s desired culture and values
Benefits
- Comprehensive Medical, Dental, and Vision
- Paid Time Off Programs including vacation, holidays, illness, and parental leave
- Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations)
- Retirement benefits, life insurance, 401k match, and tuition reimbursement
- Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
No Education Listed
