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Loss Mitigation Coordinator

Stevens Point, WI 54481

Posted: 06/16/2021 Employment Type: Contract Job Number: 36469 Pay Rate: 18.00

Job Description

  • Under limited supervision, initiate loss mitigation and work out resolutions with the borrower, investor, and PMI companies on real-estate and consumer loans.
  • Monitor and maintain accurate account information on all accounts and initiate legal action as required.
  • Thoroughly review individual financial statements including a detailed list of monthly bills, taxes/pay stubs, retirement accounts, checking and savings account statements, credit bureaus and hardship letters following the set procedures and guidelines to determine the customer's workout options.
  • Counsel customers on ways to maintain an acceptable budget.
  • Maintain or exceed acceptable goal levels of completed Loss Mitigation cases set by FNMA/FHLMC.
  • Report all completed Loss Mitigation cases for proper credit.
  • Identify through individual detailed financial analysis a recommendation to maximize the revenue, limit charge off, non-accrual, repossession, and foreclosure, while retaining customer satisfaction.
  • Respond, research, resolve, track, report and follow up on Loss Mitigation cases and their outcome.
  • Prepare and issue proper documents to the customer to obtain necessary Loss Mitigation information.
  • Respond promptly to a wide variety of telephone calls, written inquiries and requests.
  • Analyze and determine whether or not the customer is a good candidate for Loss Mitigation.
  • Communicate information and direct documentation to attorneys, title companies, PMI companies, investors and bank customer service personnel to effectively maximize Loss Mitigation opportunities.

Qualifications:
  • General banking with knowledge of bank policies, procedures and products required.
  • Collections experience preferred
  • High School Diploma or equivalent
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About Stevens Point, WI

Start your journey to a fulfilling career in Stevens Point, Wisconsin! Nestled in the heart of the state, this vibrant community offers a perfect balance of small-town charm and big-city amenities. With renowned art galleries like the Scarabocchio Art Museum, lively theaters like the Lettie Jensen Community Center, and outdoor destinations like Lake Pacawa Park, there's always something exciting to explore. Indulge in the local cuisine at celebrated restaurants like Mikey's Neighborhood Bar & Grill, or catch a game to cheer on the multi-sport championship-winning teams at the University of Wisconsin-Stevens Point. Discover why Stevens Point is not only a great place to work but also a wonderful place to call home. Explore our job openings now and kickstart your career in this dynamic and welcoming community.
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