Loss Mitigation Post Closing Representative
What You'll Do
- Receive, review and prepare modification documents for recording and/or send to vendor partner and assist vendor partner with recording rejects.
- Monitor receipt and delivery of applicable Loan Modification documents to appropriate agency for purposes of recording and collateral requirements.
- Work with third party vendor to track recording timelines and remediate recording exceptions/rejections as needed.
- Request collateral delivery extensions from applicable insurer/agency as needed to ensure compliance to program requirements.
- Ensure collateral documents are properly executed and delivered timely to Collateral Department and/or custodian.
- Perform other duties as assigned.
- A high school diploma or equivalent work experience.
- Two (2) or more years’ mortgage experience.
- One (1) or more years of loss mitigation experience preferred.
- Knowledge of HAMP, FHA, VA, USDA, and Ginnie Mae Loss Mitigation document requirements, deliverables, and timelines required.
- Knowledge of mortgage industry concepts, practices and procedures.
- Intermediate skills in Microsoft Suite – Word, Excel, etc.
What You'll Need
Pay & Benefits
The target pay range for this position is $19.00-$22.00 per hour Plus monthly incentives.
About the Role
Come join our amazing team and work in our office in Orange! The Loss Mitigation Post Closing Representative will be responsible for receipt, monitoring, preparation, quality assurance, and delivery of modification collateral documents to appropriate agency (FHA, VA, USDA), Collateral Department, and Custodian. Ensure compliance in conjunction with HAMP, FHA, VA, USDA, and Ginnie Mae document fulfillment requirements for Loan Modifications, Partial Claims, and Mortgage Recovery Advances (“MRA”). Provide reporting as requested by Manager/Supervisor on loan status.
Skills
Knowledge of HAMP, FHA, VA, USDA, and Ginnie Mae Loss Mitigation document requirements, deliverables, and timelines required.
Knowledge of mortgage industry concepts, practices and procedures.
Intermediate skills in Microsoft Suite – Word, Excel, etc.
Benefits
Comprehensive healthcare plans for you and your family.
Plus, a discretionary 401(k) match of 50% of the first 4% of pay contributed.
Access to several fitness, restaurant, retail (and more!) discounts through our employee portal.
Customized training programs to help you advance your career.
Employee referral bonuses so you’ll get the opportunity to work with friends (and get some extra cash in your pocket!).
Education Reimbursement.
Carrington Charitable Foundation contributes to the community through causes that reflect the interests of Carrington Associates.