Loss Mitigation Analyst- Closer
Loss Mitigation Analyst- Closer
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Job Description
Description
Position Summary:
Responsible for the closing aspects of loss mitigation. Handles the fulfillment piece of closing/booking loan modifications short-sales and DIL.
Responsibilities:
- Creates final modification documents generates directly to the borrower works all incoming modification documents audits for accuracy decisioning coordinates modification execution.
- Responsible for modification booking and closings utilizes investor system (WPII HSSN FHAC) to enter close and validate case submissions ensuring timely receipt of investor funds and accurate system changes.
- Processes GNMA buyout requests/redelivery and FNMA reclassification requests.
- Monitors system to ensure timely and accurate receipt of investor funds.
- Audits and tracks all system changes throughout the modification booking process; clears suspense and requests final escrow analysis.
- Responsible for all foreclosure timelines and guidelines for all investors; FHA VA USDA FNMA FHLMC.
- Submits and monitors title recordings monitors and tracks working with vendors as needed.
- Responsible for validating loan position and closing loss mitigation workstations in MSP.
Requirements:
- 5 years of Loss Mitigation experience required.
- 3 years of booking loan modifications handling investor reporting updates and system adjustment updates required.
- MSP/Black Knight experience required.
- Experience with Black Knight Loss Mitigation Solutions Tool VALERI SMDU and/or Workout Prospector is a plus.
- Knowledge of investor related systems including WPII HSSN and FHAC required.
- High School Degree or equivalent required; Bachelors degree preferred.
Why work for #teamloanDepot:
- Aggressive compensation package based on experience and skillset.
- Inclusive diverse and collaborative culture where people from all backgrounds can thrive.
- Work with other passionate purposeful and customer-centric people.
- Extensive internal growth and professional development opportunities including tuition reimbursement.
- Comprehensive benefits package including Medical/Dental/Vision.
- Wellness program to support both mental and physical health.
- Generous paid time off for both exempt and non-exempt positions.
About loanDepot:
loanDepot (NYSE: LDI) is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010 loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier faster and less stressful to purchase or refinance a home. Today as the nations second largest non-bank retail mortgage lender loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of lifes most complex transactions. With headquarters in Southern California and offices nationwide loanDepot is committed to serving the communities in which its team lives and works through a variety of local regional and national philanthropic efforts.
Base pay is one part of our total compensation package and is determined within a range. This provides the opportunity to progress as you grow and develop within a role. The base pay for this role is between $24.04 and $33.41/hr. Your base pay will depend on multiple individualized factors including your job-related knowledge/skills qualifications experience and market location.
We are an equal opportunity employer and value diversity in our company. We do not discriminate based on race religion color national origin gender sexual orientation age marital status veteran status or disability status.
Required Experience:
IC
Employment Type
Hourly
