Loss Mitigation Associate jobs in United States
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Midwest Loan Services · 20 hours ago

Loss Mitigation Associate

positionJacksonville,FL,US
timeFull-time
remoteHybrid
seniorityEntry Level
date2+ years exp

Midwest Loan Services is seeking a Loss Mitigation Associate responsible for minimizing foreclosures through debt counseling and ensuring compliance with investor and insurer regulations. The role involves reviewing financial packages, processing workouts, and communicating with customers and various stakeholders to strategize workout programs.

Financial Services

Responsibilities

Review financial packages for completeness
Process workouts and monitor workouts based on GSE, FHA, USDA, VA, FHLB, GNMA and private clients guidelines
Ensure all federal, state and investor guidelines and requirements are adhered to for underwriting review and decision
Monitor & respond to departmental email
Communicate with customers, credit unions, insurers, and secondary market investors to strategize workout programs
Report workouts to investors, Treasury, and investor vendors
Counsel delinquent customers and attend via phone periodic mitigation meetings with attorneys
Work with other departments to ensure appropriate changes to the system, payments are applied correctly, and foreclosures are placed on hold or cancelled as appropriate
Work with State Assistance and Hardest Hit Programs
Maintain ICE’s MSP and LoanSphere with appropriate codes and comments
Complete updates in FHA Connection, SMDU, FHLMC Resolve, USDA-LINC, VA Valeri, FHLB eMAQCS
Maintain accuracy in payments posted to loans in loss mitigation process
Attend all training sessions for department
Update and review announcements and changes to workout programs
All other duties as assigned by management

Qualification

Mortgage loss mitigationRegulatory complianceLoan servicing systemsForeclosure prevention optionsGSEFHAUSDAVA guidelinesAnalytical skillsAttention to detailOrganizational skillsVerbal communicationWritten communication

Required

High school diploma (or equivalent) required
Minimum 2 years of experience in mortgage loss mitigation and related default servicing
Familiarity with GSE, FHA, USDA, VA, FHLB and GNMA loss mitigation guidelines
Strong understanding of foreclosure prevention options and regulatory compliance
Proficiency in loan servicing systems MSP and LMS (ICE)
Strong attention to details and organizational skills
Effective verbal and written communication abilities
Maintain & foster positive relationships with customers and business partners
Complete all assigned training in a timely manner
Provide professional communication in both oral & written expression
Excellent organizational, time management & analytical skills
Organizational skills with ability to prioritize and meet deadlines while maintaining high degree of accuracy
Ability to manage confidential information
Strong analytical skills, with the ability to seek out and offer business-oriented solutions
High degree of dependability

Company

Midwest Loan Services

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Mortgage loan subservicing is a highly demanding and regulated discipline that requires precise expertise.
dateFounded in 1992
location
Hancock, Michigan, US
people-size51-200 employees
web-link
https://midwestloanservices.com/

Funding

Current Stage
Growth Stage

Leadership Team

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Mark Brown
President & CEO Midwest Loan Services
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Company data provided by crunchbase