Loss Mitigation Specialist at Iowa Bankers Mortgage Corporation

Description

The Loss Mitigation Specialist responds to customer inquiries and assists in the servicing department by performing the following duties. 

•  Responsible for tracking past due loans, reviewing borrower financial packages and establishing repayment arrangements or analyzing loss mitigation options according to investor guidelines. 
•  Processes loan modifications, payment deferrals, workouts, pre-foreclosure sales and deed-in-lieu transactions. 
• Responsible for tracking Active Foreclosure loans to include correspondence with Law firms to complete foreclosure processes. 
•  Request and track expense reimbursements from investors for loss mitigation, foreclosure or bankruptcy expenses non-recoverable from borrowers.  
•  Provides superior customer service, both written and verbal, to homeowners, bankers, and other vendors.
• Performs a variety of clerical duties including filing or imaging of documents.

Requirements

Required Education:  High school diploma or general education degree (GED) 

Required Work Experience:  Two to three years related loss mitigation and mortgage banking experience and/or training; or equivalent combination of education and experience. 

Technology Skills:  Proficient in basic computer skills and all Microsoft Office applications. 

Required skills or traits for the position:   Accurately and efficiently process transactions. Follow established policies, procedures & guidelines. Demonstrate analytical decision making and problem-solving skills.