Job Title: Loss Mitigation Specialist
Location: Mount Laurel, New Jersey (Remote)
Estimated Duration: 4 Months
SUMMARY OF THE ROLE:
The Loss Mitigation Specialist III performs a variety of activities related to reducing potential losses from problem accounts. Specializes in or leads the activities of one or more of the following areas: Loss Mitigation, Bankruptcy, Probate, and Workout.
Depth & Scope: Initiates processing and resolution of bankruptcy, foreclosure and workout activities for assigned accounts, focusing on homeownership counseling activities and negotiating workout solutions and ensuring prompt resolution of legal matters
- Resolves escalated issues and problems by conferring with leadership staff and or other internal departments or others as necessary
- Primary point of contact for borrowers experiencing financial hardship, providing guidance on loss mitigation options and foreclosure alternatives
- Evaluate borrower financials to determine eligibility for Loss Mitigation options based on GSE / investor type to resolve complex homeowner inquiries and concerns
- Utilize both manual and automated calling techniques to reach delinquent homeowners
- Address and resolve 60+ day delinquent mortgage loans, utilizing comprehensive knowledge of investor, departmental, and legal requirements.
- Cultivate better customer understanding of their mortgage terms, review delinquency patterns, and negotiate payment arrangements
Must Have skills :
- 3+ years' experience required
- Proven knowledge and experience in effective collection regulations, techniques and practices
- Detailed knowledge of loan agreements and security agreements . Ability to apply understanding of bankruptcy law, principles and practices related to real estate transactions to accounts managed
- Knowledge of real estate investor and insurer guidelines Knowledge of foreclosure procedures and legal and regulatory guidelines, including mobile homes and agency loans (VA, HUD and others)
- Knowledge of legal regulations relating to real estate resale after foreclosure
- PC skills
- Knowledge of workout options
- Knowledge of real estate investor and insurer guidelines
- Communication skills, both verbal and written
The pay range that the employer in good faith reasonably expects to pay for this position is between $35.00 and $41.00
Our benefits offering includes medical, dental, vision and 401k.
Tundra Technical Solutions would like to thank you for your interest in this opportunity. However, only candidates under consideration will be contacted. Tundra Technical Solutions is a global workforce and technology delivery firm, ranked by Staffing Industry Analysts as one of the largest in North America. At Tundra, we aren't just hiring top talent at the world's most recognizable brands; we are pioneers of social recruitment. This post is for a contract assignment. Assignment duties and duration are subject to business needs and requirements. We are an equal opportunity employer, and we do not discriminate on the basis of race, religion, color, national origin, sex, sexual orientation, age, veteran status, disability, genetic information, or other legally protected characteristics.California Notice. Qualified applicants with arrest or conviction records will be considered for employment in accordance with law, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act. Criminal history may have a direct, adverse, and negative relationship with the following job duties: protect and return property, adhere to confidentiality requirements, comply with security requirements, adhere to policies and codes of conduct.
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