Foreclosure Prevention & Loss Mitigation Specialist

University Bank; États-Unis; Hybride; USD 60 000 - 80 000; Plein temps

Résumé du poste

University Bank is seeking a Loss Mitigation Specialist to reduce foreclosure risk by working with delinquent borrowers to identify retention or liquidation solutions. You will evaluate borrower financials, counsel on options, and ensure reviews meet investor, insurer, and regulatory requirements.

Responsibilities include reviewing financial packages, processing workout options per guidelines, and maintaining accurate records in ICE MSP and LoanSphere.

Qualifications

• High school diploma or equivalent required.
• 3 years mortgage loss mitigation or default servicing experience.
• Knowledge of investor guidelines (Fannie Mae, Freddie Mac, FHA/HUD, VA, USDA, private investors) preferred.
• Certification in credit counseling, collections, or mortgage servicing is a plus but not required.
• Strong understanding of foreclosure prevention options and regulatory compliance.

Responsabilités

• Review and validate borrower financial packages for completeness and compliance.
• Process and monitor workout options per GSE, FHA/HUD, USDA, VA guidelines with deadlines.
• Ensure compliance with CFPB rules and state regulations during underwriting reviews.
• Communicate with borrowers, lenders, insurers, and investors to develop strategies.
• Maintain accurate servicing system records and update status codes and notes.

Connaissances

Mortgage loss mitigation

Attention to detail

Organizational skills

Verbal and written communication

Regulatory compliance

Time management

Problem solving

Data entry

Team collaboration

Windows OS

Microsoft Office (Outlook, Word, Excel

Formation

High school diploma

Mortgage servicing certification (preferred)

Outils

MSP

LMS

ICE MSP

MS Excel

Outlook

Description du poste

University Bank is seeking a Loss Mitigation Specialist to reduce foreclosure risk by working with delinquent borrowers to identify retention or liquidation solutions. You will evaluate borrower financials, counsel on options, and ensure reviews meet investor, insurer, and regulatory requirements.

Responsibilities include reviewing financial packages, processing workout options per guidelines, and maintaining accurate records in ICE MSP and LoanSphere.