Loss Mitigation Specialist
1 month ago
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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