The Loss Mitigation Specialist is responsible for assessing borrower situations to identify optimal solutions
that align with investor guidelines to avoid foreclosure when possible, ensuring compliance throughout the
decision-making process. By understanding each borrower's unique circumstances, the Specialist will
...
recommend strategies to help borrowers retain homeownership and avoid future defaults.
Responsibilities:
Analyzing financial information: Review documents such as credit reports, financial statements, and collateral appraisals to assess the borrower's income.
Creating payment plans: Use the borrower's debt and liabilities to develop a plan that allows them to make loan payments.
Educating borrowers: Explain options to borrowers, including programs and resources that may help.
Communicating with borrowers: Maintain communication with borrowers and address their concerns.
Managing documents: Manage loss mitigation documents and perform quality assurance on work.
Adhering to guidelines: Follow guidelines to prevent foreclosure and ensure compliance with company policies.
Working hours: 8:00 AM - 7:00 PM
Skills:
High school diploma or its equivalent.
Two years' underwriting experience preferred.
Knowledge of default loss mitigation servicing, specifically with FHA loans preferred.
Experience on a mortgage servicing platform is a plus.
Ability to work with vendors and other departments to obtain documentation when needed.
Ability to multitask and effectively manage time.
Ability to communicate effectively - both in verbal and written form.
Education:
High School
Experience:
1-4 years
Qualifications:
Strong Communication skills.
Accuracy and Thoroughness.
Dependability
.
Productivity.
Planning and Organizing
.
Judgment and Discretion.
Intermediate in Microsoft Office programs (Word, Excel, PowerPoint)
Word processing (speed and accuracy)
Email
Internet software
Use typical office equipment (computers, fax, phones, copiers, scanners, projectors, etc.)
Let's get to work?
Spherion has helped thousands of people just like you find work happiness! Our experienced staff will listen carefully to your employment needs and then work diligently to match your skills and qualifications to the right job and company. Whether you're looking for temporary, temp-to-perm or direct hire opportunities, no one works harder for you than Spherion.
Equal Opportunity Employer: Race, Color, Religion, Sex, Sexual Orientation, Gender Identity, National Origin, Age, Genetic Information, Disability, Protected Veteran Status, or any other legally protected group status.
At Spherion, we welcome people of all abilities and want to ensure that our hiring and interview process meets the needs of all applicants. If you require a reasonable accommodation to make your application or interview experience a great one, please contact Callcenter@spherion.com.
Pay offered to a successful candidate will be based on several factors including the candidate's education, work experience, work location, specific job duties, certifications, etc. In addition, Spherion offers a comprehensive benefits package, including health, and an incentive and recognition program (all benefits are based on eligibility).