Loss Mitigation Specialist

5 days ago


Oak Lawn, Illinois, United States Amerinational Community Services LLC Full time
Job Title: Loss Mitigation Specialist

AmeriNat is seeking a highly skilled Loss Mitigation Specialist to join our team. As a Loss Mitigation Specialist, you will play a critical role in managing and handling difficult default servicing-related tasks.

Key Responsibilities:
  • Monitor 90+ delinquent loan status in accordance with regulatory guidelines.
  • Review and determine if loans meet required default criteria for foreclosure referral to ensure compliance and avoid financial penalties and fees.
  • Compile statistical data, ensure adequate work coverage, provide feedback on staff and operations, and assume other team duties.
  • Prioritize and handle any default correspondence, including correctly identifying complaints and inquiries.
Requirements:
  • High level of technical expertise in default-specific tasks.
  • Minimum of three years collections and/or loss mitigation experience.
  • Proven Mortgage Servicing, Default Servicing, Portfolio Management, National Real Estate Management, and/or Pre-Foreclosure knowledge/experience.
  • Thorough understanding of the Fair Debt Collection Practices Act and Consumer Financial Protection Bureau rules.
  • Ability to calculate figures and amounts, such as interest rates, principal balance, and late charges.
  • Knowledge of MS Word, Outlook, and Excel required.
Additional Expectations:
  • Provide a professional example, accuracy, and consistency in work performance.
  • Respect teammates and participate as an active team member.
  • Communicate in a courteous manner and have a solution rather than a complaint to resolve issues promptly.
  • Keep management informed of pertinent information and maintain the quality and integrity of services provided.
Benefits:
  • Competitive benefits package, including 401k, performance incentives, paid medical, life, and long-term disability, dental, PTO, and holiday pay.
  • Opportunities for advancement and professional growth.

AmeriNat is an Equal Opportunity Employer and considers qualified applicants in a manner consistent with local Fair Chance ordinances.



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