Overview
Responsible for performing loss mitigation analysis and performance audits within company servicing-retained portfolio. Routinely audit loans selected for post-forbearance and active loss mitigation performance; Work directly with sub-servicer for compliance to company and investor policies and procedures; Monitor pipeline of loss mitigation workouts (forbearance, modifications, short sales, deed-in-lieu) identifying problem loans, clearing roadblocks, and ensuring decisions are made according to investor protocol and departmental policies while maintaining GSE guidelines and timelines; Assesses necessary remedies to address noncompliance; Regularly examine data reports for accuracy, trends, and anomalies; Recommend and implement new monitoring and exception reporting; The duties for Loss Mitigation Analyst include, but are not limited to, those described below.
Responsibilities
• Works closely with Company's sub-servicer, their systems, and reports
• Review and audit sub-servicer for loss mitigation process and performance
• Routinely review and monitor sub-servicer loss mitigation pipeline
• Work with Management to develop procedural manuals and training materials related to the audit of sub-servicer's loss mitigation performance
• Communicate with Management regarding trends, issues, and needed escalation
• Demonstrate a good working knowledge of the processes and procedures with the ability to identify and implement process improvement opportunities.
• Interact with investors, vendors, and agency representatives as needed
Qualifications
• 5+ years' recent experience in the mortgage industry
• 3+ years' experience in Mortgage Default, including Loss Mitigation experience with FHA, VA, and Conventional loans.
• 1+ years as a financial or business analyst, analytical skills that allow for the development of data driven reports and the ability to create Microsoft Excel graphs and charts
• MSP/Black Knight experience, Director a plus
Skills:
• Demonstrated ability to manage time and prioritize deadlines.
• Strong analytical, written, verbal, and critical thinking skills to help solve issues and make decisions.
• Detail oriented with strong organizational and follow-through skills.
• Ability to work with limited supervision.
• Technologically proficient.
Education:
• Bachelor's degree preferred
Min
USD $75,000.00/Yr.
Max
USD $90,000.00/Yr.