Loss Mitigation Specialist

5 hours ago


San Jose, California, United States Guild Mortgage Full time
Job Summary

The Loss Mitigation Specialist plays a crucial role in ensuring that titles are clear and endorsements are obtained after FHA/VA loan modifications are finalized. This position requires moderate supervision and involves preparing subordination Agreements, ordering date downs and/or title endorsements, and contacting borrowers to obtain and clarify information and documentation related to liens and judgments.

Key Responsibilities

* Order date downs and/or title endorsements for modifications
* Contact borrower to obtain and clarify information and documentation related to liens and judgments
* Contact lien holders to obtain subordination requirements
* Prepare subordination Agreements
* Enter and upload documents to internal systems and FHA/VA websites to obtain review and approval for loan modifications

Requirements

* High school diploma or equivalent, along with 1+ year(s) total back-office mortgage servicing experience required
* Working knowledge of FHA and VHA mortgage loan documents, including overall processes and inter-relationships, standards and requirements, terminology, compliance and regulatory requirements related to federal debt collection laws, Federal Bankruptcy Laws
* Knowledge of Standard Operating Procedures, CFPB, FCRA and FDCPA preferred

What We Offer

Guild Mortgage Company offers a competitive compensation package, including medical, dental, vision, life insurance, AD&D, LTD and 401(k) with employer match. We are an Equal Opportunity Employer and welcome applications from qualified candidates.

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