Loss Mitigation Specialist | Financial Recovery Expert

7 days ago


Kansas City, United States Commerce Bank Full time
About This Role

As a seasoned professional in financial recovery, you will be responsible for performing day-to-day processes related to collections, loss mitigation, foreclosure, and bankruptcy functions.

Main Responsibilities
  • Contact customers to remedy delinquency or non-payments, employing appropriate collection alternatives to resolve delinquencies.
  • Negotiate workouts with customers, including restructuring, modifications, short payoffs, and deeds in lieu, while analyzing financial statements and appraisals.
  • Work directly with investors, private mortgage insurers, and government agencies to fulfill reporting requirements and obtain approvals.
  • Review loans for consideration of Foreclosure action, ensuring all efforts to cure have been exhausted and all investor, private mortgage insurer, HUD, and state/federal requirements have been met.
Required Skills & Qualifications
  • Demonstrated ability to interpret complex legal documents and perform a wide variety of tasks to ensure full compliance with company policy, procedures, and all applicable legal requirements.
  • Understanding of Fannie Mae, Freddie Mac, Ginnie Mae, FHA, VA, & USDA regulations and requirements.
  • Strong analytical skills, ability to identify and resolve exceptions and interpret data.
  • Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities.
Benefits & Work Environment

We offer a competitive salary range of $60,000 - $80,000 per year, depending on experience, as well as a comprehensive benefits package, including health, dental, and vision insurance, 401(k), life insurance, paid vacation, and paid personal time.

Our office is located at 922 Walnut, Kansas City, Missouri 64106. The role is full-time, and we are open to candidates who can work from our office or remotely.



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