Upvote
Downvote
Collections Specialist
Share Job
- Suggest Revision
Full-time
- Loss Mitigation Specialist
- The Collections Specialist at the Savings Bank of Danbury is responsible for Mortgage and Home Equity loan, secured and unsecured Consumer loan loss mitigation and FNMA secondary market servicing.
- Reviews borrowers' information to determine eligibility for loss mitigation assistance and recommends debt counseling agencies as appropriate.
- Audits and analyzes loan application, financial statements, credit report, home appraisal, title search, deed, certificate of title, note and other loan servicing documentation to ensure the loan approval decision followed approved policies and procedures, ownership is properly documented, and lien position is secure before proceeding with legal action.
- Monitors customer obligations such as making trial plan payments and then prepares documents necessary such as forbearance, deferral, modification, deed in lieu or voluntary repossession agreements to avoid the foreclosure or repossession actions.
Active Job
Updated 5 days agoSimilar Job
Relevance
Active