Loss Mitigation Specialist

Full Potential Solutions • Fort Worth, TX

22h • Onsite

About The Position

The Loss Mitigation Specialist acts as the Single Point of Contact (SPOC) and is assigned a portfolio of non-performing assets to contact, negotiate and complete loss mitigation alternatives to minimize foreclosure losses. This role contributes to the progress of the department by understanding the measurements used to define success and how they can positively impact those measurements. The specialist will meet monthly individual and team goals and key performance indicators. They will handle a portfolio of multiple mortgage products that are 90+ days delinquent, or have requested loss mitigation, as governed by investor, departmental and legal guidelines; minimizing the loss due to foreclosure through the use of loss mitigation options. The role involves receiving inbound calls and making outbound calls to customers, attorneys, realtors and other authorized parties on the account and educating them on options available to resolve delinquencies. The specialist will understand and discuss customers’ general requirements for loan modifications, short sales, deeds in lieu, cash for keys, and consents to judgment other loss mitigation options. They will analyze specific financial situations; recommend and initiate the proper loss mitigation tool to assist each borrower. The role also includes conducting light skip-tracing activities, reviewing title searches to ensure that no title issues threaten the standing of our investor’s lien on the property, and ensuring compliance with company policies and procedures. Daily reports and accounts will be reviewed and updated.

Requirements

• Excellent attention to detail.
• Ability to multi-task and consistently meet multiple deadlines.
• Strong verbal and written communication skills.
• Ability to work in a team environment.
• Ability to use good judgment.
• Strong consulting and advising customer communication skills via telephone and written communication.
• Ability to read and comprehend simple instructions, short correspondence, and memos.
• Ability to write simple correspondence.
• Ability to effectively present information in one-on-one and small group situations to customers, clients, and other employees of the organization.
• Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals.
• Ability to compute rate, ratio, and percent and to draw and interpret bar graphs.
• Ability to apply common sense understanding to carry out detailed but uninvolved written or oral instructions.
• Ability to deal with problems involving a few concrete variables in standardized situations.
• Working knowledge of and experience with Microsoft Office (Word, Excel, and Outlook).

Nice To Haves

• Associate's degree (A. A.) from two-year College preferred.
• GSE loss mitigation experience preferred, with specific emphasis on FHLMC and FNMA loss mitigation.
• Previous experience with MSP, Black Knight/LPS and Fiserv preferred.

Responsibilities

• Contributes to the progress of the department by understanding the measurements used to define success and how they can positively impact those measurements.
• Meets monthly individual and team goals and key performance indicators.
• Handles a portfolio of multiple mortgage products that are 90+ days delinquent, or have requested loss mitigation, as governed by investor, departmental and legal guidelines; minimizing the loss due to foreclosure through the use of loss mitigation options.
• Receives inbound calls and makes outbound calls to customers, attorneys, realtors and other authorized parties on the account and educates them on options available to resolve delinquencies.
• Understands and discusses customers’ general requirements for loan modifications, short sales, deeds in lieu, cash for keys, and consents to judgment other loss mitigation options.
• Analyzes specific financial situations; recommends and initiates the proper loss mitigation tool to assist each borrower.
• Conducts light skip-tracing activities.
• Reviews title searches to ensure that no title issues threaten the standing of our investor’s lien on the property.
• Ensures compliance with company policies and procedures.
• Reviews and update daily reports and accounts.

Benefits

• lucrative compensation program
• medical, dental and vision benefits
• opportunity for high potential career growth

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED