Loss Mitigation Associate
Loss Mitigation Associate is a full-time position responsible for minimizing foreclosures through debt counseling, timely review of financial packages, and compliance with various regulatory guidelines.
Key Responsibilities
Review financial packages for completeness and compliance with investor guidelines
Process and monitor workout programs while communicating with customers and stakeholders
Report workouts to investors and ensure adherence to federal and state regulations
Required Qualifications, Training, and Education
High school diploma or equivalent required
Minimum 2 years of experience in mortgage loss mitigation and default servicing
Familiarity with GSE, FHA, USDA, VA, FHLB, and GNMA loss mitigation guidelines
Proficiency in loan servicing systems MSP and LMS (ICE)
Strong understanding of foreclosure prevention options and regulatory compliance