Mortgage Loss Mitigation Specialist

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profile Job Location:

Richmond, VA - USA

profile Monthly Salary: Not Disclosed
Posted on: Yesterday
Vacancies: 1 Vacancy

Job Summary

Early-Stage Collections & Loss Mitigation Specialist
Richmond VA (100% onsite)
Long-term Contract-to-hire

Schedule

  • 1st16th of each month: 9:30 a.m. 6:00 p.m.
  • 17thend of month: 10:30 a.m. 7:00 p.m.
Last two weekends of each month:
  • Work 3:00 p.m. 7:00 p.m. on the preceding Wednesday
  • Work 9:00 a.m. 1:00 p.m. on Saturday


Overview
Seeking a customer-focused specialist to collect payments on early-stage mortgage accounts (12 months past due) resolve issues and set up repayment plans. This role also handles inbound loss mitigation calls and discusses available options with borrowers ensuring accurate documentation in the MSP Servicing System and adherence to FHA/Client/Freddie Mac/VA/USDA default servicing guidelines.

Responsibilities

  • Make outbound and handle inbound calls to borrowers 3060 days past due; collect payments and negotiate payment arrangements.
  • Take phone payments and set up structured repayment plans consistent with investor/insurer guidelines.
  • Handle inbound loss mitigation calls; explain options gather information and route/record as appropriate.
  • Assess borrower circumstances identify root causes of delinquency and work toward timely resolution.
  • Document all borrower interactions promises to pay and outcomes accurately in MSP.
  • Adhere to applicable servicing and default guidelines; follow internal policies and quality standards.
  • Meet performance metrics for right-party contacts cure rates and call quality while maintaining excellent customer service.
Knowledge and Skill Requirements
  • Collections or customer service experience (mortgage servicing preferred).
  • Working knowledge of FHA Client Freddie Mac VA and USDA default servicing guidelines.
  • Proficiency with the MSP Servicing System.
  • Strong communication negotiation and analytical skills.
  • Ability to manage priorities and maintain accuracy in a fast-paced phone-intensive environment.

All qualified applicants will receive consideration for employment without regard to race color religion sex sexual orientation gender identity national origin disability or protected veteran status.


Required Experience:

Junior IC

Early-Stage Collections & Loss Mitigation SpecialistRichmond VA (100% onsite)Long-term Contract-to-hireSchedule1st16th of each month: 9:30 a.m. 6:00 p.m.17thend of month: 10:30 a.m. 7:00 p.m.Last two weekends of each month:Work 3:00 p.m. 7:00 p.m. on the preceding WednesdayWork 9:00 a.m. 1:00 p....
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Key Skills

  • Loan Origination
  • Sales Experience
  • Microsoft Office
  • Financial Services
  • Customer Service
  • Organizational skills
  • Communication skills
  • Military Experience
  • Fair Housing Regulations
  • Inside Sales
  • Outside Sales
  • Word Processing

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