Mortgage Loss Mitigation & Workout Specialist

S&T Bank; Street (MD); On-site; USD 22,000 - 46,000; Full time

Job summary

S&T Bank in Indiana, PA is seeking a Loss Mitigation Specialist to work with customers to identify hardship options and guide them through delinquency resolution, including forbearance and repayment plans.

You will manage mortgage foreclosure workflows, coordinate with attorneys, and interact with branch partners while ensuring compliance with UDAAP and regulatory requirements. Strong communication and detailed documentation are essential.

Qualifications

• Requires a high school diploma or equivalent.
• Must obtain NMLS licensing.
• Two to five years of general experience.

Responsibilities

• Identify loss mitigation opportunities for long-term resolution of delinquent loan relationships.
• Handle portfolio Loss Mitigation hardship requests, applications, and coordinate with customers through the process.
• Monitor and assist in short-term payment relief process, including handling inquiries and coordinating with branch partners.
• Knowledge of trial/forbearance/repayment plan agreements, modifications, pre-foreclosure sales and Deed-in-Lieu of Foreclosure.
• Handle mortgage foreclosure process, including Act 91 notices and sheriff sale bid sheets.
• Learn and use PACER system to track bankruptcy files.
• Identify bankruptcy accounts and prepare/submit bankruptcy documents with attorneys as needed.
• Contact delinquent borrowers to review foreclosure options and repayment.

Education

High school diploma or equivalent

NMLS licensing

Job description

S&T Bank in Indiana, PA is seeking a Loss Mitigation Specialist to work with customers to identify hardship options and guide them through delinquency resolution, including forbearance and repayment plans.

You will manage mortgage foreclosure workflows, coordinate with attorneys, and interact with branch partners while ensuring compliance with UDAAP and regulatory requirements. Strong communication and detailed documentation are essential.