Supervisor - Loss Mitigation

NewRez LLC; Tempe, Northern (AZ, KY); Hybrid; USD 75,000 - 105,000; Full time

Benefits offered by this job

Medical, dental, and vision insurance

401(k) with employer match

Paid parental leave

Volunteer time off

Employee Resource Groups

Job summary

Newrez LLC in Tempe, AZ is seeking a Loss Mitigation Supervisor to lead a team of specialists focused on minimizing losses on delinquent mortgages by following investor guidelines. You will mentor staff, review financial documents, ensure compliance, and drive process improvements while partnering with internal and external stakeholders to resolve accounts efficiently in a fast-paced environment.

The role requires strong leadership, solid analytical skills, and experience in foreclosure, REO,

Qualifications

• High school diploma or equivalent required.
• Bachelor’s degree preferred.
• 6+ years Loss Mitigation experience.

Responsibilities

• Provide guidance and leadership for management and staff.
• Lead and mentor staff to improve processes and procedures, and increase effectiveness.
• Analyze financial statements, tax returns, credit reports, valuation reports, and title reports to approve resolutions.
• Track, monitor, and measure employee performance; provide monthly feedback.
• Oversee training of new employees and maintain training materials for the Loss Mitigation team.
• Maintain process and procedure documentation for the Loss Mitigation team and create new ones where needed.
• Ensure appropriate reviews and approvals of Loss Mitigation workouts by relevant parties.
• Oversee day-to-day tasks and performance of Loss Mitigation Specialists.
• Help manage expenses through efficient use of funds and staffing decisions.
• Coordinate contracts for property inspections, appraisers, real estate agents involved in collateral evaluation.
• Schedule and monitor employee time records.
• Ensure compliance with company policies.
• Undertake special projects as needed.

Skills

Leadership

Mentoring

Analytical thinking

Communication

Education

High school diploma or equivalent

Bachelor's degree (preferred)

Tools

Microsoft Word

Microsoft Excel

Job description

Who We Are At Newrez, we bring big thinkers and caring doers together to make home happen. We’re a team built on heart and hustle, united by a commitment to show up for our customers, our communities, and each other. We believe that when our people thrive, homeowners thrive - and that’s why we invest in your growth, wellbeing, and ability to make an impact. Every day, we work to exceed the expectations of our residential mortgage borrowers and business partners through superior service, simple processes, and clear communication. We do this by empowering our employees, encouraging innovative solutions and recognizing great performance.

Primary Function

Supervises a team of Loss Mitigation Specialists to minimize losses on delinquent mortgages by working according to investor guidelines.

Principal Duties

• Provide guidance and leadership for management and staff.
• Lead and mentor staff to develop and reinforce skills, improve processes and procedures, and increase overall effectiveness.
• Supervises the analysis of financial statements, tax returns, credit reports, valuation reports, and title reports to approve the appropriate resolution for the customer.
• Tracks, monitors, and measures employee performance according to department standards. Provides feedback monthly.
• Oversees and facilitates the training of new employees. Maintains training and support materials for the Loss Mitigation Specialist job.
• Maintain process and procedure documentation for the Loss Mitigation team, create process and procedure documentation where it does not currently exist.
• Ensure that the appropriate entity (yourself, a client, or mortgage insurance company) has reviewed and approval a Loss Mitigation Workout.
• Oversees the day-to-day tasks and performance of the Loss Mitigation Specialists.
• Assists in the control of company expenses through intelligent use of funds to resolve accounts and managing staffing and miscellaneous costs.
• Arranges for contractual services relating to property inspections, appraisers, real estate agents, etc., who may be involved in the inspection or evaluation of the collateral.
• Schedules and monitors of all employee time records.
• Ensures compliance with company policies and procedures.
• Undertakes special projects related to departmental activities.
• Performs related duties as assigned by management.

Education and Experience Requirements

High school diploma or equivalent, required. Bachelor’s degree, preferred. 6+ years’ Loss Mitigation experience. 2-4 years supervisory experience.

Knowledge, Skill, and Ability Requirements

• Proficient in Microsoft Word and Excel.
• Excellence in consulting and advising customers via telephone and written communication.
• A basic understanding of Collections.
• Foreclosure, Bankruptcy and REO is required.
• Experience analyzing financial statements, tax returns, credit reports, home appraisals, title searches and other documents to evaluate pre-foreclosure remedies.
• Demonstrated strong skill set for organization and attention to detail.
• Strong negotiating and follow-up skills, as well as the ability to meet strict deadlines.
• Self-Motivated.
• Ability to work independently with minimal supervision.
• Strong analytical, problem solving and mathematical skills to be used to improve team performance.
• Ability to work overtime as needed.
• Understanding of mortgage lending and servicing.

Additional Information:

While this description is intended to be an accurate reflection of the position’s requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary. All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Microsoft Authenticator. Employment will be contingent on this requirement.

Why Newrez

We’re a great place to work because we invest in what matters: your career, your community, your wellbeing, and your future. Our total rewards package is designed to support your whole self.

Company Benefits:

• Medical, dental, and vision insurance
• Health Savings Account with employer contribution
• 401(k) Retirement plan with employer match
• Paid Maternity Leave/Parental Bonding Leave/Caregiver Leave Adoption Assistance Tuition & Certification reimbursement
• Employee Mortgage Loan Program
• The Newrez Employee Emergency and Disaster Fund is a program to support our team members experiencing hardships
• Newrez NOW: Through Newrez NOW, our Corporate Social Responsibility program, you’ll have opportunities to give back, lead, and make a difference.
• 1 company-paid Volunteer Time Off day (with over 40,000 volunteer hours contributed since our inception)
• Matching Gifts Program - dollar-for-dollar up to $1,000
• Access to grants, nonprofit resources, and volunteer opportunities
• More than $6,000,000 donated since 2020
• 1 in 5 employees participates in at least one Employee Resource Group (ERG)

Equal Employment Opportunity

We're proud to be an equal opportunity employer- and celebrate our employees' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.

CA Privacy Policy CA Notice at Collection The right company in the right industry. In both good economic times and bad, people need homes - and mortgages to buy them. We help these people every day buy homes or refinance their current mortgage loans. In addition to offering an in-demand product, there are two things you should know about us: We value and reward entrepreneurial spirit, and we are growing. Few lenders are as innovative, as financially solid, as well managed and on track to become America’s leading lender as the Newrez Family of Companies. We deliver products and services that turn prospects into delighted customers —providing abundant opportunity for the great people who work here. These competitive advantages set us apart, and they’re why you can grow with us for the long term.