Apply on Employer Site

Planet Home Lending, LLC · 3 months ago

Mitigation Coordinator - Bilingual

Meriden, CT, USA

Full-time

Onsite

Mid Level

3+ years exp

Planet Home Lending, LLC is a recognized Top Mortgage Employer by National Mortgage Professional, seeking a Mitigation Coordinator - Bilingual to manage defaulted loans and negotiate solutions to avoid foreclosure. The role involves analyzing mortgagors, implementing loss mitigation methods, and maintaining records while communicating effectively in the customer's preferred language.

BankingFinanceFinancial Services

Comp. & Benefits

Responsibilities

Contacts mortgagors and others as appropriate to negotiate and arrange resolution of defaulted loans. Utilizes creativity in determining and recommending alternative collection or loss mitigation methods such as modifications, short sales, deeds in lieu of foreclosure, reinstatements, in the most cost effective manner

Analyzes mortgagors for approval of HAMP or traditional modification. Reports modification results to investors or federal agencies as required

Implements approved alternative collections or loss mitigation methods

Orders and evaluates property opinions (BPO, REO Appraisals), and assigns a reconciled value to determine feasibility of a short-sale, or charge-off

Maintains required records for modifications, short-sales, deeds in lieu of foreclosure, and reinstatements

Completes assignment of loans and determines if there is an alternative to foreclosure

Preserves and secures vacant properties in a pre-REO status

Maintains knowledge of foreclosure, modification, and collection laws and regulations of each state for the portfolio assigned

Performs other duties as assigned

Qualification

Mitigation experienceMortgage document knowledgeNegotiation skillsCustomer service skillsBilingual (Spanish)Microsoft WindowsMSP servicing systemDetail orientedTeamworkFast-paced environment