Loss Mitigation Specialist
Doral Bank - San Juan, PR

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Job Description:
  • Performs financial analysis.Obtains complete
financial information packages from customers and
counseling agencies.
  • Analyzes each situation to determine available loss
mitigation options based on investor/ insurer and
delinquency status (forbearance and special
forbearance plans, partial claim, loan modification,
pre-foreclosure sale, Deed – in – lieu of
Foreclosure, EMAP, EHLP).
  • Documents all account activity using online
Collection Comments.
  • Attends Court mandated mediation sessions.
  • Maintains a complete Loss Mitigation paper file.
  • Documents files rejected from Loss Mitigation and
notifies the Legal Representative of this action.
  • Updates investor and insurers periodically and
obtains approvals as needed.
  • Acquires and maintains high level of knowledge of
loss mitigation options for investors and insurers.
  • Works with customers in various stages of
delinquency or at imminent risk of default.
  • Calculates and negotiates loss mitigation
alternatives.
  • Performs maintenance to the system and updates files
with relevant information that complies with
investors regulations and ensures satisfactory
audits.
  • Completes files of loss mitigation as required by
alternatives.
  • Meets customers face to face for an interview.
  • Maintains direct communication with the foreclosure
area and the lawyers.

Job Requirements:
  • Associate Degree in Business Administration or
related area
  • Minimum of two (2) years of experience on mortgage
business
  • Proven knowledge in all Loss Mitigation alternatives
  • Knowledge in computer applications
  • Analytical skills and mathematical reasoning
  • Self-starter with ability to work in fast-paced,
high-energy and teamwork environment
  • Results oriented
  • Verbal and written communication skills
(English/Spanish)
Req. Code : 335
Division/Department : Loan Administration

Doral Bank - 20 months ago - save job - block
About this company
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Doral Financial provides a port for your riches in Puerto Rico. The company's community banking subsidiary, Doral Bank, has about...