Director, Loss Mitigation

Socket.dev; San Diego (CA); On-site; USD 94,000 - 135,000; Full time

Job summary

Guild Mortgage Company is a leading mortgage banking firm dedicated to serving home owners and buyers with transparent terms and superior service. The Loss Mitigation Director oversees the Loss Mitigation function, guiding direct reports, ensuring regulatory compliance, and driving department efficiency.

The role manages budgets, licensing, and audit readiness while reporting trends to senior leadership. It requires extensive mortgage experience and strong leadership in a fast-paced,

Qualifications

• Ten or more years mortgage default and loss mitigation experience, with at least five years in a supervisory role.
• Expert knowledge of conventional and government mortgage loan documents, regulatory requirements (CFPB/FDCPA).
• Proficiency with Microsoft Office Suite and collaborative cloud-based programs.

Responsibilities

• Monitor performance metrics to maximize productivity, service, and compliance.
• Provide goal setting, training, coaching, and talent management for Loss Mitigation staff.
• Monitor licensing requirements and related processes to ensure coverage.
• Prepare annual budget and manage department expenses.
• Provide reports and updates on trends to senior management.
• Assist auditors and respond to audit findings with remediation.

Skills

Strong interpersonal skills

Problem-solving abilities

Excellent verbal and written

Highly organized & detail oriented

Team leadership & coaching

Education

Bachelor's degree in Finance, Business, or related field

Tools

Microsoft Word

Excel

SmartSheets

PowerPoint

Wiki / cloud tools

Job description

Guild Mortgage Company, closing loans and opening doors since 1960. As a mortgage banking firm we are dedicated to serving the home owner/buyer. Our goal is to provide affordable home financing for our customers, utilizing the best terms available while providing a level of professionalism and service unsurpassed in the lending industry.

Position Summary

The Loss Mitigation Director plays an important role in the organization by overseeing several activities related to the company’s Loss Mitigation functions. Manages and develops direct reports through setting objectives, coaching, feedback, and reviews. Oversees productivity of direct reports and monitors reports to ensure department efficiency and regulatory compliance for Loss Mitigation. Assigns work/projects related to area(s) of expertise and supervision. Ensures business processes are conducted in a timely, accurate and compliant manner in full accordance with established investor, company, state and federal guidelines and regulations.

Compensation

This role is an exempt position with a Targeted Salary Range of $94,000 to $135,000 annually.

Compensation at Guild is influenced by a wide array of factors including but not limited to local and federal minimum wage requirements, education, level of experience, and applicant’s geographical location.

Essential Functions

• Monitors operational performance/metrics to maximize productivity, efficiency, service, and compliance levels.
• Provides goal setting, training, coaching, guidance, and recognition to team members; owns talent management for all of Loss Mitigation organization.
• Monitors licensing requirements and licensing related processes to ensure coverage.
• Prepares annual budget, manages department to monthly and annual expense budget.
• Monitors escalated investor, compliance, and account issues to ensure timely and accurate responses in a manner that provides transparency to and an understanding of risk exposure.
• Provides weekly/monthly productivity reports and status updates on trends and issues to senior management.
• Follows up on and remediates action items/deficiencies to ensure direct manager is informed.
• Practices sound decision-making processes to ensure that timely and accurate actions are being taken regarding regulations and guidelines.
• Provides oversight and guidance when preparing for internal and external auditors, plays an active role when auditors are on-sight and responds to audit findings by preparing formal responses and ensuring remediation of noted issues.
• Monitors the development of training to ensure changes and improvements relating to investor rules and regulations, compliance criteria, internal policy and guidelines, and best practices are followed.
• Monitors departmental projects to ensure they are properly prioritized, developed, tracked, and implemented.
• Works with Senior Servicing Analyst to ensure systems and processes are updated and tested. Works with Leadership Team to ensure policies and procedures reflect these changes.
• Ensures policies and procedures reflect everyday workings of applicable departments.

Qualifications

• High school diploma and some college, Bachelor’s degree in Finance, Business, or a related field preferred.
• Ten or more years total mortgage default, loss mitigation and short sale experience, with at least five years in a supervisory role.
• Expert-level knowledge of conventional and government mortgage loan documents, including overall processes and inter-relationships, standards and requirements, terminology, compliance, and regulatory requirements related to federal debt collection laws, Federal Bankruptcy Laws, and proper handling of other legal situations. Knowledge of Standard Operating Procedures, CFPB, and FDCPA preferred.
• Strong interpersonal and problem-solving skills.
• Proficiency with Microsoft Word, Excel, SmartSheets, and Power Point
• Highly organized and detail oriented; ability to work in a fast-paced, metrics-driven environment required.
• Excellent verbal and written communication skills
• Highly organized and detail-oriented; ability to work in a fast-paced, metrics-driven environment
• Proficiency in Microsoft Office Suite, Word, Excel, Wiki, collaborative cloud-based programs, and third-party software applications required.
• Commitment to company
• Customer Service - Proactive attention to each person
• Integrity - Do and say what's right
• Respect - Treat others with dignity
• Collaboration - Listen and work together
• Learning - Seek knowledge and strive for improvement
• Excellence – Deliver the unexpected

Supervision

• Job Scope: Oversees a discrete department or functional area; Executes the operational plan and leads operations of a single large function/program or multiple smaller functions/programs
• Complexity: Problems encountered are generally limited to the area/unit, the project, or the program and/or may involve other related areas within the organization; problems are often complex, broad in scope, and implications, and are often unprecedented
• Impact: Decisions and actions have a major impact on the outcomes of the department, projects, and programs; Has a direct and significant impact on the business and/or operations of major segments of the organization
• Interaction/Supervision: Leads through subordinate managers and other direct reports, all of whom are management or high-level individual contributors; reports directly to a member of the leadership team.

Number

Job
Titles

Direct: 4-6

Indirect: 30-40

Loss Mitigation Managers, Loan Servicing Trainer for Loss Mitigation, Sr. Servicing Business Analyst, Investor Liaison

Limited supervision required.

High level of independent judgment and decision-making.

Manage multiple priorities/projects in a deadline-driven environment; leads with a strong sense of urgency and responsiveness.

Excellent verbal and written communication skills.

Strong detail orientation and highly organized.

Ability to develop a team atmosphere including mentoring team members.

Travel: < 5%

Guild offers a pleasant work environment, competitive compensation and excellent benefits package; including medical, dental, vision, life insurance, AD&D, LTD and 401(k) with employer match.

Guild Mortgage Company is an Equal Opportunity Employer.

REQ#: DIREC018491