Mitigation Coordinator - Bilingual
Mitigation Coordinator - Bilingual
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Job Description
Job Details
Description
Job Summary
The Mitigation Coordinator Bilingual follows established guidelines to manage a portfolio of defaulted loans and mitigates losses by negotiating with our borrowers investors and realtors to develop and implement appropriate solutions to avoid foreclosure. Determine strategies for resolution on severely delinquent loans. Utilize property evaluation skills to make recommendations to management for negotiated payoffs and chargeoffs. Resolves title issues on properties listed for sale and deeds for lieu of foreclosure. As a bilingual representative this position handles inquiries and interactions in the customers preferred language.
Essential Duties and Responsibilities
- Contacts mortgagors and others as appropriate to negotiate and arrange resolution of defaulted loans. Utilizes creativity in determining and recommending alternative collection or loss mitigation methods such as modifications short sales deeds in lieu of foreclosure reinstatements in the most cost effective manner.
- Analyzes mortgagors for approval of HAMP or traditional modification. Reports modification results to investors or federal agencies as required.
- Implements approved alternative collections or loss mitigation methods.
- Orders and evaluates property opinions (BPO REO Appraisals) and assigns a reconciled value to determine feasibility of a shortsale or chargeoff.
- Maintains required records for modifications shortsales deeds in lieu of foreclosure and reinstatements.
- Completes assignment of loans and determines if there is an alternative to foreclosure.
- Preserves and secures vacant properties in a preREO status.
- Maintains knowledge of foreclosure modification and collection laws and regulations of each state for the portfolio assigned.
- Performs other duties as assigned.
Position Requirements
Education
- High school diploma or equivalent
Experience
- Experience using specified second language in a professional capacity is required. Language testing may be required.
- Minimum 3 years of mitigation collections and/or default servicing experience
Functional/Technical Skills
- Strong negotiation skills
- Working knowledge of mortgage documents real estate settlements and foreclosure timelines/requirements
- Excellent verbal and written communication skills
- Demonstrates strong customer service skills
- Ability to work well in a fastpaced environment
- Demonstrated effective listening skills
- Detail oriented with strong organization skills
- Ability to work well on a team and focus on results
- Ability to speak and read Spanish fluently is a plus
- Experience working with Microsoft Windows applications
- Experience with MSP servicing system a plus
Benefits
Our benefits package includes 3 comprehensive Cigna or Kaiser medical plans dental and vision insurance. We provide short term and longterm disability insurance basic life insurance 401(k) and 10 employer paid holidays. In addition we offer supplemental benefits to include life insurance critical illness and accident plans.
Environmental/Physical Demands
Work is typically performed in a standard office environment. The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job the employee is regularly required to sustain predictable work attendance communicate with others frequently required to stand walk sit and use arms hands and fingers to reach handle or touch. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision and ability to adjust focus. Pursuant to the Americans with Disabilities Act reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
This job description is not designed to cover or contain a comprehensive listing of all activities duties or responsibilities that are required of an employee. The Company reserves the right to amend or modify this document at any time and without notice.
Required Experience:
IC
Employment Type
Unclear
