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Loss Mitigation Specialist

Convergenz
Coppell, TX Full Time
POSTED ON 2/20/2025 CLOSED ON 2/24/2025

What are the responsibilities and job description for the Loss Mitigation Specialist position at Convergenz?

**Schedule is M-TH: 11a-7p, FR: 8a-5p, and 1 half-Saturday a month.**


The Loss Mitigation Specialist serves as the Single Point of Contact (SPOC) for a portfolio of non-performing assets, negotiating and completing loss mitigation alternatives to minimize foreclosure losses. This role handles specialty functions, including liquidation outcomes, bankruptcy cases, and high-value customers.

Key Responsibilities:

  • Manage a portfolio of 90 day delinquent mortgages, ensuring compliance with investor and legal guidelines.
  • Contact customers, attorneys, and realtors to discuss loss mitigation options, including loan modifications, short sales, and deeds in lieu.
  • Analyze financial situations and recommend appropriate loss mitigation solutions.
  • Conduct light skip tracing and review title searches for potential issues.
  • Meet monthly performance goals and maintain compliance with company policies.

Qualifications:

  • High school diploma or GED required; associate’s degree preferred.
  • 2-4 years of related experience, preferably with GSE loss mitigation (FHLMC/FNMA).
  • Strong communication, multitasking, and problem-solving skills.
  • Proficiency in Microsoft Office; experience with MSP, Black Knight/LPS, and Sagent preferred.

This is an in-office position with no remote work option.

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