Residential Mortgage Loss Mitigation Analyst
Job Description:
• 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)
• Assess necessary remedies to address noncompliance
• Regularly examine data reports for accuracy, trends, and anomalies
• Recommend and implement new monitoring and exception reporting
• 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
Requirements:
• 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
• Microsoft Excel graphs and charts
• MSP/Black Knight experience, Director a plus
• Bachelor’s degree preferred
Benefits:
• medical
• dental
• vision
• life insurance
• short-term disability
• long-term disability
• Health Savings Account (HSA)
• Flexible Spending Account (FSA)
• 401(k)
Apply Now
Apply Now
• 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)
• Assess necessary remedies to address noncompliance
• Regularly examine data reports for accuracy, trends, and anomalies
• Recommend and implement new monitoring and exception reporting
• 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
Requirements:
• 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
• Microsoft Excel graphs and charts
• MSP/Black Knight experience, Director a plus
• Bachelor’s degree preferred
Benefits:
• medical
• dental
• vision
• life insurance
• short-term disability
• long-term disability
• Health Savings Account (HSA)
• Flexible Spending Account (FSA)
• 401(k)
Apply Now
Apply Now