Loss Mitigation Specialist
October 2010 — August 2013
Responsibilities; Direct management of a limited portfolio, maintained strong partnerships with homeowners, foreclosure attorneys and mediators. Attended legal mediations via telephone participation. Adherence to investor and company policy, procedures and timelines, FHA/HUD loans. Able to work multi-states. Complied with all internal directives/investor requirements.
Analyzed the causes of delinquency, value of property, debt to income ratio, performed an analysis to establish a strategy to bring the loan current, negotiate a settlement of debt or commence a legal action.
Modified loans as needed to obtain an affordable mortgage payment for homeowner or start a short sale, conducted and requested all areas involving the short sale process all the way to the closing table.
Presented recommendations (asset plan) in a clear concise manner to the respective team leads as to an appropriate solution to resolve delinquency on the loan.
Monitored all establish payment plans and pending exit strategies to ensure conclusion. Properly documented and maintained online collection history for all accounts as to the reason for delinquency along with all other relevant information. Maintained all exception reports to keep the referral level to a minimum.
Ensured that required letters and notices were mailed in compliance with all regulation requirements and client established parameters.