Loss Mitigation Specialist

2 days ago


Crystal Lake, Illinois, United States Home State Bank Full time

Home State Bank, a leading financial institution in Illinois, is seeking an experienced Loss Mitigation Specialist to join its team in Crystal Lake. As a Loss Mitigation Specialist, you will be responsible for contacting customers with delinquent accounts, initiating and coordinating appropriate action, and maintaining related records.

The ideal candidate will have at least two years of previous experience in loss mitigation, forbearance, claims reporting, and loss mitigation workouts. They should also be proficient in Excel, Word, Outlook, and related software, with strong oral and written communication skills. Knowledge of regulations and laws by investor, agency, and state is also required.

In this role, you will work closely with loan customers to arrive at mutually satisfactory arrangements while complying with all agency regulations and guidelines. You will also maintain accurate records and complete all functions while embracing and promoting the brand promise of creating connections with internal and external customers.

The estimated salary for this position is around $50,000-$60,000 per year, depending on experience. Home State Bank offers competitive pay and a generous benefit package, including medical, dental, vision insurance, 401(k) matching, and tuition reimbursement.

We are proud to be a diverse workforce that is representative, at all job levels, of the customers we serve. Home State Bank is an equal opportunity employer and does not discriminate based on race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity, or expression.



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