Manager, Loss Mitigation

Guild Mortgage Company; California (MO); On-site; USD 80,000 - 102,000; Full time

Job summary

A regional mortgage lender in California seeks a Manager of Loss Mitigation to oversee compliance and day-to-day operations of the SPOC team. The ideal candidate will have at least 7 years in mortgage default or loss mitigation including 4 years in a supervisory role. This exempt position offers a salary range of $80,000 to $102,000 annually, along with a competitive benefits package and a focus on regulatory compliance and quality assurance.

Benefits

Medical insurance

Dental insurance

Vision insurance

401(k) with employer match

Qualifications

• High school diploma and some college or technical training required; bachelor’s preferred.
• 7+ years experience in mortgage default or loss mitigation required, 4+ years in a supervisory role.
• Expert knowledge of mortgage loan documents and regulatory requirements.

Responsibilities

• Manage day-to-day activities of the Loss Mitigation SPOC team.
• Review daily reporting for accuracy and compliance.
• Monitor and evaluate staff performance based on production and quality.

Skills

Interpersonal skills

Problem-solving skills

Organizational skills

Attention to detail

Math skills

Written communication

Education

Bachelor's degree in finance or related field

Tools

Microsoft Word

Microsoft Excel

Microsoft PowerPoint

Microsoft Outlook

Document retention software

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 Manager, Loss Mitigation plays an important role in the organization by monitoring work for regulatory compliance and by performing several tasks related to the Loss Mitigation SPOC department. This role is primarily responsible for, under intermittent direction, managing the day-to-day activities of the LM SPOC team and monitoring reports to ensure the Loss Mitigation department is compliant with all laws, regulations, and policies and meeting productivity expectations. This role will ensure Loss Mitigation reviews and processes are conducted timely, accurately and in compliance with established investor, company, state and federal guidelines and regulations.

Compensation

This role is an exempt position with a Targeted Salary Range of $80,000 to $102,000 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

• Review daily reporting for accuracy, proper documentation, and timely turn-around, review for any exceptions that pose audit related risks.
• Monitor staff pipeline reports for production levels and documentation; oversee the LM SPOC team’s performance based on production and call quality expectations.
• Oversee and manage the development and review of policies and procedures related to servicing functions, within the scope of the servicing team. Policies and procedures updated at minimum annually or as required by regulatory changes.
• Responsible for maintaining M.L.O. Licensing and CEU (educational) requirements (approximately 40 hours annually) within the team, as needed.
• Respond to complaints/appeals by determining the merit, reviewing the appeal response letter draft, and ensuring it is brought to a satisfactory conclusion.
• Respond to escalations of borrower complaints, investor inquiries and litigation mediation.
• Respond to audit findings (both internal and external audits) and develop remediation a plan if needed.
• Manage department projects that encompass improvements and modifications to current processes, implementation of new processes, and skills training.
• Monitor LM SPOC calls to ensure adherence to Call Quality expectations, Regulatory requirements, and Investor guidelines.
• Implement performance management standards and provide timely feedback to employees to ensure company and business unit goals/expectations are met.
• Perform hiring activities in a fair and impartial manner to ensure all qualified candidates are properly vetted.
• Work closely with the leadership team to implement a Call Quality program and incentive structure that is effective, fair, and sustainable.
• Reinforce continuous improvement ideals and identify opportunities to meaningfully improve internal processes.
• Perform other duties, as assigned.

Qualifications

• High school diploma and some college, technical training or equivalent required; bachelor’s degree in finance, business or a related field preferred, along with seven or more years total experience in mortgage default or loss mitigation, with at least four years in a supervisory role required.
• 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.
• Expert-level knowledge of Standard Operating Procedures, CFPB, FCRA and FDCPA preferred.
• Strong interpersonal and problem-solving skills.
• Highly organized and detail oriented; ability to work in a fast-paced, department-metrics-driven environment required.
• Advanced math skills required.
• Proficiency with basic internet searches, data entry, Microsoft Word, Excel, PowerPoint, and Outlook required.
• Familiarity with document retention software; AIQ or Blitzdoc preferred.
• 10-key by touch strongly preferred.
• Must exercise accuracy, alertness, good judgment, initiative, courtesy, tact, and patience.
• Well-developed written and communication skills; ability to be organized in a fluid environment.

Supervision

Number

Job Titles

Direct: 0 – 15

Loss Mitigation Supervisor, Loss Mitigation SPOC, Loss Mitigation Coordinator I, and/or Loss Mitigation Specialist.

Indirect: 25

Loss Mitigation SPOC, Loss Mitigation Coordinator, and/or Loss Mitigation Specialist.

· Works under general supervision, depending on experience level.

· Apply sound judgment and critically about downstream impact of changes on processes and systems that impact department and Company policies and protocols.

· High level of independent thought and judgment.

· Leads with a strong sense of urgency and responsiveness.

Requirements

Physical: Work is primarily sedentary; mobility in an office setting.

Manual Dexterity: Frequent use of computer keyboard and mouse.

Audio/Visual: Ability to accurately interpret sounds and associated meanings at a volume consistent with interpersonal conversation.

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#: MANAG017693

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.