What are the responsibilities and job description for the Loss Mitigation Specialist position at Flat Branch Home Loans Inc?
Job Description
Job Description
Description :
Basic Description : Responsible for all audit / review of past due mortgage loans on all stages of delinquency to ensure compliance of all government, investor, and client guidelines. The position is also responsible for training and supporting staff in the Default department. This is a hybrid position.
Responsibilities :
- Auditing and updating Default reporting to ensure that the company is in compliance with government, investor, and client guidelines.
- Provide feedback to all default departments to ensure that all information is reporting timely and accurately
- Assist Team Lead with credit reporting.
- Assist Team Lead with overflow of claims within all investors.
- Assist the Collection Department as an overflow of their inbound calls.
- Submit requests for deferments and other financial hardship assistance as defined in procedure.
- Engage in efforts to prevent foreclosure through loan modifications, repayment plans, short sales, or Deed in Lieu.
- Analyze and underwrite the borrower’s income through review of documents which include, but are not limited to, financial statements, tax returns, credit reports, and collateral appraisals to determine and recommend the most feasible and appropriate solution for the homeowner.
- When Business Needs require overtime, must be flexible to work overtime when needed to accomplish tasks.
- Identify opportunities to shorten timelines, drive performance and minimize loss.
- Performs other duties and projects as assigned by Management.
Requirements :
Qualifications & Skills :
