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Loss Mitigation Specialist

Company: Wheeler Staffing Partners
Location: Dublin
Posted on: January 12, 2022

Job Description:

Wheeler Staffing Partners is seeking a Loss Mitigation Coordinator in Dublin, CA.The Mitigation Coordinator follows established guidelines to manage a portfolio of defaulted loans and mitigates losses by negotiating with our borrowers, investors, and realtors to develop and implement appropriate solutions to avoid foreclosure.Candidates will need to have Mortgage Loss Mitigation knowledge and customer service experience; hours for this position will be Monday - Friday, 12:30 pm- 9 pm, Training will be 7:30a-4pm for 2 weeks.Contact Jamie Bayuk (jbayuk@wheelersp.com) to learn more about this great opportunity!Responsibilities:

  • Contact mortgagors and others as appropriate to negotiate and arrange resolution of defaulted loans.
  • Utilize 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.
  • Analyze mortgagors for approval of HAMP or traditional modification. Report modification results to investors or federal agencies as required.
  • Implement approved alternative collections or loss mitigation methods.
  • Order and evaluate property opinions (BPO, REO Appraisals), and assign a reconciled value to determine the feasibility of a short-sale or charge-off.
  • Maintains required records for modifications, short sales, deeds in lieu of foreclosure, and reinstatements.
  • Complete the assignment of loans and determine if there is an alternative to foreclosure.
  • Preserve and secure vacant properties in a pre-REO status.
  • Remain knowledgeable of foreclosure, modification, and collection laws and regulations of each state for the portfolio assigned.Requirements:
    • Bilingual in Spanish/English is preferred.
    • High school diploma or equivalent required.
    • Minimum of three years of mitigation, collections, and/or default servicing experience.
    • Strong negotiation skills.
    • Working knowledge of mortgage documents, real estate settlements, and foreclosure timelines/requirements.
    • Excellent verbal and written communication skills.
    • Demonstrates strong customer service skills.
    • Ability to work well in a fast-paced environment.
    • Demonstrated effective listening skills.
    • Detail-oriented with strong organization skills.
    • Ability to work well on a team and focus on results.
    • The ability to speak and read Spanish fluently is a plus.
    • Experience working with Microsoft Windows applications.
    • Experience with MSP servicing system a plusWSP specializes in filling your companys contract, contract-to-hire, direct hire, contingency, and executive positions with professional candidates. From our Executive Retained Search Teams, Direct Hire and Contract Staffing Professionals, and RPO Service offerings we create models to deliver a world-class service, with a sense of urgency and professionalism. Our connections and our candidates combined with a staff backed by over 20 years of experience, ensure that our clients are seeing the right candidates for their career openings.WSP is committed to creating a diverse environment and is proud to be an equal opportunity employer.by Jobble

Keywords: Wheeler Staffing Partners, Dublin , Loss Mitigation Specialist, Other , Dublin, California

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