Loss Mitigation Associate

Job Summary

Loss Mitigation Associate is a full-time position responsible for minimizing foreclosures through debt counseling, timely review of financial packages, and compliance with various regulatory guidelines.

Key Responsibilities

• Review financial packages for completeness and compliance with investor guidelines
• Process and monitor workout programs while communicating with customers and stakeholders
• Report workouts to investors and ensure adherence to federal and state regulations

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