Loss Mitigation Specialist

Job Summary

To reduce foreclosure risk, the full-time remote Loss Mitigation Specialist will evaluate borrower financials, counsel borrowers on sustainable options, and ensure compliance with regulatory requirements throughout the loss mitigation process.

Key responsibilities

• Review and validate borrower financial packages for accuracy and compliance before underwriting evaluation
• Process and monitor workout options according to investor guidelines, ensuring adherence to eligibility criteria and timelines
• Communicate effectively with borrowers and stakeholders to develop tailored workout strategies and report approved solutions

Required qualifications

• High school diploma or equivalent required
• Minimum 3 years of experience in mortgage loss mitigation and related default servicing
• Knowledge of investor and insurer loss mitigation guidelines preferred
• Experience with ICE Mortgage Technology platforms, including MSP, LMS, is highly preferred
• Certification in credit counseling, collections, or mortgage servicing is a plus but not required