Loss Mitigation Closer II - Jacksonville, FL
Flagstar Bank FSB

Job Info

---

Job Summary
The Loss Mitigation Closer is a subject matter expert and is responsible for preparing documentation to complete the final steps in resolving the delinquency associated with a borrowers loss mitigation application. Further responsibilities include; monitoring the recordation of borrower executed documentation and providing direction to updating our system of record in accordance with regulatory requirements, investor/insurer guidelines, and Flagstar Bank's default servicing operations standards.

All functions must be completed within the production and quality standards. Role requires utilization and understanding of multiple servicing systems, applications and reporting. Role requires accuracy and attention to detail, strong organization skills, independent problem solving ability and excellent communication skills.

Job Responsibilities:

Perform Loss Mitigation Closer II Role. Role requires the ability to perform multiple functions throughout the Loss Mitigation process under general supervision, including:

• Responsible for resolving complex/complicated exceptions to the standard loss mitigation process
• Prepare and mail final loss mitigation documentation
• Perform quality control validation to ensure accuracy
• Monitor the recording process and submit appropriate documentation to investor/insurer, when applicable
• Provide detailed instruction to update our system of record based upon the outcome of the approved loss mitigation workout option
• Maintains knowledge of regulatory requirements and investor/insurer guidelines that may impact default servicing operations.
• Understand key performance and risk indicators in the Loss Mitigation Process, and how individual role contributes to meeting or exceeding these goals;
• Maintain and practice sound judgment in all aspects of role

Other.

• Reinforces culture of shared ownership and accountability for results.
• Collaborating with other default servicing teams, and other internal teams, to assist in the continued development of a best in class default servicing oversight operation.
• Perform additional responsibilities as assigned by manager.
• Ensures compliance with applicable federal, state and local laws and regulations. Completes all required compliance training. Maintains knowledge of and adhere to Flagstar's internal compliance policies and procedures. Takes responsibility to keep up to date with changing regulations and policies.

Job Requirements:

• HS Diploma, GED or Foreign Equivalent required
• At least 5 years default mortgage financial services experience, required in Loss Mitigation
• Self-Driven, Personally Accountable Personality
• Understanding of MS Office Suite with intermediate technical and computer skills. Specifically an ability with Microsoft Excel
• Ability to navigate quickly within various computer programs.
• Excellent verbal and written communication skills, as well as strong listening skills
• Exceptional analytical and problem solving skills with an ability to think quickly under pressure.
• Ability to handle high production volume and answer customer questions in a timely manner.
• Ability to look for ways to improve and promote quality.
• Ability to work independently with limited supervision.
• Ability to work varying shifts including evenings and weekends.
• Willingness to work in a team environment
• Confident and efficient work approach with a customer focus

This job has expired.