Loss Mitigation Specialist

6 days ago


North Liberty, Iowa, United States GreenState Credit Union Full time
Job Title: Loss Mitigation Analyst

GreenState Credit Union is seeking a highly skilled Loss Mitigation Analyst to join our team. As a Loss Mitigation Analyst, you will be responsible for managing the application process for loss mitigation assistance requests, ensuring completeness and accuracy, and gathering all necessary supporting documents.

Key Responsibilities:
  • Single Point of Contact (SPOC) for all written and verbal loss mitigation assistance requests
  • Manages the application process to ensure completeness and accuracy
  • Gathers all necessary supporting documents required for loss mitigation applications
  • Responsible for all notifications, letters, and correspondence with members as required by state and regulatory guidelines
  • Underwrites retail loss mitigation applications within authority limits or recommends to VP/Account Resolution Manager or Risk Manager based on approval authority and loan type
  • May also provide support on loss pipeline accounts by analyzing factors causing individual accounts to be delinquent and implementing efforts to successfully resolve these factors through interaction with the member and recommendation of appropriate Loss Mitigation Product to minimize financial loss to the credit union and restore member's financial status in accordance with established credit union policy guidelines, and state and federal regulations
Requirements:
  • Minimum of three years collection experience, two of those years in loss mitigation, in a financial institution with reasonable knowledge of collection practices, consumer credit, real estate and bankruptcy laws and regulations
  • Two-year college degree or completion of a specialized course of study, or completion of a specialized or extensive in-house training or apprenticeship program
  • Reports to work punctually, works all scheduled hours, and works overtime as necessitated by business demand
  • Ability to work independently, prioritize assignments, organize work efficiently, and make decisions independent of input from immediate supervisor
  • Ability to handle large volumes of details
  • Accuracy and attention to detail required
  • Excellent analytical skills
  • Ability to operate related computer applications and office equipment
  • Must be bondable
About GreenState Credit Union:

At GreenState, we exist to create lasting value for those we serve. We do this by putting immense value into our employees, members, and communities. We empower our employees to create endless opportunities, which will then impact the lives of our members and enhance the vitality of our communities.

Salary range for this position is $79,105,966.64 with a progressive benefit package.



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