Loss Mitigation Specialist

1 month ago


Plano, Texas, United States loanDepot Full time

Job Summary:

LoanDepot is seeking a highly skilled Loss Mitigation Specialist to join our team. As a Loss Mitigation Specialist, you will be responsible for managing a portfolio of delinquent accounts and analyzing financial data to determine the best foreclosure alternative for borrowers.

Key Responsibilities:

  • Underwrite loans for loss mitigation in accordance with FHA, VA, USDA, FNMA, and FHLMC guidelines.
  • Analyze credit bureau reports, tax returns, financial statements, and other supporting documentation to verify borrower financial situations.
  • Determine the best foreclosure alternative for borrowers and recommend loss mitigation actions.
  • Manage a portfolio of 100+ loans and meet investor, departmental, and company SLA's.
  • Work directly with the Borrower Advocate team on loss mitigation approvals and denials.
  • Maintain quality control and production standards defined by LoanDepot.

Requirements:

  • 3+ years of Loss Mitigation Underwriting experience.
  • MSP/Black Knight experience required.
  • Bachelor's Degree preferred or equivalent.

Why Work for LoanDepot:

  • Aggressive compensation package based on experience and skill set.
  • Inclusive, diverse, and collaborative culture.
  • Extensive internal growth and professional development opportunities.
  • Comprehensive benefits package including Medical/Dental/Vision.
  • Wellness program to support both mental and physical health.


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