Loss Mitigation Associate

Job Summary

A company is looking for a Loss Mitigation Associate responsible for minimizing foreclosures through debt counseling and compliance with regulations.

Key Responsibilities

• Review and process financial packages and workouts according to guidelines
• Communicate with customers and stakeholders to strategize foreclosure prevention
• Maintain compliance with federal, state, and investor guidelines throughout the loss mitigation process

Required Qualifications, Training, and Education

• High school diploma or equivalent required
• Minimum 2 years of experience in mortgage loss mitigation and default servicing
• Familiarity with GSE, FHA, USDA, VA, FHLB, and GNMA loss mitigation guidelines
• Proficiency in loan servicing systems MSP and LMS (ICE)
• Strong understanding of foreclosure prevention options and regulatory compliance