Loss Mitigation Manager
Primary Responsibilities: include the following, but is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirement efforts, skills, or working conditions associated with the job. Management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change (i.e. emergencies, rush jobs, change in workload, or technological developments).
• Manage all aspects of Collections activity and training
• Manage and implements a plan to modify potential delinquent and existing delinquent loans.
• Manage Loss Mitigation from offer to compliance
• Coordinates all departmental flow activity from Collections Dept
• Risk Assessments as to product risk values (Real Estate Related)
• Implement Strategic Planning to minimize Loan Losses.
• Evaluate appraisals and BPOs to determine acceptability
• Evaluate AVM and or BPO to ascertain Reserves and Charge Off’s
• Maintain good communication with legal counsel, clients, lending department, collections department, foreclosure department, realtors, etc
• Present, evaluate and recommend all Short Sales and Deed in lieu offers
• Follows all bank’s policies and procedures, compliance regulations, and completes all required, annual required or job-specific training
• Approve and prepare all Loan Portfolio, Collections, TDR and other special reports
• Maintain contact with all Banks that we service as to Loss Mitigation and Collections
• Implement collections and Charge off recovery
• Prepare statistical data as to delinquency behaviors and trends
• Prepare and evaluate departmental budget
• Evaluate attorney performance (Foreclosure Loss Mitigation)
• Supervises, train and monitored 2 managers and a staff of 11 team members
• Implement all Collection and Loss Mitigation policies
• Investor reporting as to Collections, Loss Mitigation, and Litigation management
• Train or set up training schedule to all staff members
• Compliance (FDCPA) (RESPA)
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