Loss Mitigation Operations Supervisor
Cornerstone Capital Bank · Houston, TX · 1 mo ago
Management$70k/yrFull-time
About the Role
The Loss Mitigation Operations Supervisor will be responsible for the day-to-day activities of the loss mitigation document intake, underwriting, closing, and post-closing processes. This role will manage a team of operations employees and assist with the oversight of offshore operations.
Key Responsibilities
- Manage the completion of daily loss mitigation responsibilities using a loss mitigation pipeline report
- Ensure compliance with all RESPA regulations including, but not limited to, timely application acknowledgments and timely underwriting decisions
- Monitor and manage to Internal and Client SLAs
- Analyze daily reports to identify potential process gaps or bottlenecks and propose process enhancements or improvements
- Oversee the loss mitigation quality control process to produce actionable feedback and improve individual performance
- Conduct regular 1-on-1s with direct reports
- Stay up to date on investor, client, and product changes and effectively communicate with and train team members
- Assist with departmental audits and requests from internal and external sources
Qualifications
- High School Diploma/GED or equivalent work experience
- Minimum 6 years of experience in Loss Mitigation underwriting and operations
- Minimum of 2 years of supervisor experience
- Minimum 5 years of experience using Microsoft Office Suite (Word, Excel, Outlook, etc.)
- Strong organizational skills and attention to detail
- High level of Integrity/confidentiality while handling secure information in addition to having the ability to work through stressful situations professionally and handle frequent changes
Preferred Skills
- Experience with Black Knight Director 7 (MSP) and Loss Mitigation Solution (LMS)
- Knowledge of Fannie Mae, Freddie Mac, and Ginnie Mae permanent loss mitigation document requirements
- Understanding of Mortgage Electronic Registration System (MERS) document requirements
- Experience working in Fannie Mae – SMDU, Freddie Mac – Resolve, VA – VALERI, and USDA – USDALinc systems
- Experience in Quality Control systems
Compensation
Salary: $70,000 - $80,000
Benefits
- Medical, Dental, Vision
- Accidental Death
- Long-Term Disability
- Short-Term Disability
- FSA
- HSA
- 401K
- Basic Life
- Voluntary Life
- Paid Parental Leave
- Performance-based bonus based on position and department
Location
Onsite daily in either Houston, TX or Englewood, CO