Loss Mitigation Specialist (Frontline SPOC) On-site

Exceed the expectations of our residential mortgage borrowers & business partners through superior service, simple processes, and effective communications.

Position overview

Do you enjoy negotiating, solving problems, and helping others? We need enthusiastic and success-driven telephone professionals to join our Loss Mitigation Frontline team. The ideal candidate can see the big picture in any situation, enjoys a job with a high degree of customer contact, has a sales and entrepreneurial mindset and can handle any homeowner situation with composure and empathy. We are a growing company who takes pride in rewarding our top performers with both advancement opportunities and a lucrative bonus structure. We’re looking for assertive, well-spoken, and compassionate negotiators who are dependable, service-minded, and results-oriented.

Duties & responsibilities

The successful candidate will:

• Use manual and automated calling strategies to locate and contact delinquent homeowners

• Handle multiple mortgage products that are 60+ days delinquent, as governed by investor, departmental and legal guidelines.

• Keeps servicing files up-to-date with the necessary documents and correspondence needed to ensure a comprehensive record of the homeowners account activity is maintained and communicated

• Engage in efforts to prevent foreclosure through loan modifications, repayment plans, short sales, or Deed in Lieu.

• Responsible for establishing initial contact with homeowner via telephone or written correspondence.

• Must be able to communicate effectively through verbal and written means.

• Arrange for contractual services relating to property inspectors, appraisers, real estate agents, etc., who may be involved in the inspection or evaluation of the property.

• Reviews and negotiates liens and judgements to help clear the title and protect the homeowner and investors interest in the property.

• Analyze and underwrite the borrower’s income through review of documents which include, but are not limited to, financial statements, tax returns, credit reports, and collateral appraisals to determine and recommend the most feasible and appropriate solution for the homeowner.

• Address any homeowner question or concern.  Handle escalated files appropriately by providing an articulate and complete response.

• Contribute to the progress of the department by understanding and positively impacting the measurements used to define success.

• Certify that all required actions have taken place prior to completing a foreclosure sale.

• Ensure all calls and loss mitigation efforts are compliant with company policies and procedures.

• Be able to interact with a diverse audience including investors, production staff, and homeowners.

• Perform other duties as assigned or necessary.

• Willing to work overtime as well as weekends.

Skills & abilities

The successful candidate needs:

• English fluency required; Spanish fluency a plus.

• Exceptional negotiation skills.

• Outstanding telephone and written communication skills.

• An entrepreneurial, sales-oriented business mindset.

• Familiarity with Internet-based search techniques (including the use of skip-tracing solutions).

• The ability to maintain professional conduct when dealing with people of any mood or personality type.

• Familiarity with lending-related terminology and processes, especially related to mortgage delinquency.

• Excellent reasoning and research skills; the ability to see the "big picture" and manage the details.

• The ability to safeguard confidential customer and company information.

• A solid work ethic, high integrity, a positive attitude, and strong attention to detail.

• The ability to follow instructions but work with minimal direct supervision.

• Excellent keyboarding skills.

• Proficiency with Microsoft Windows-based computers and Microsoft Office software (Word, Excel, Outlook, PowerPoint, etc.).

• The ability to remain stationary (mostly in a sitting position) for long periods of time.

Education & experience

• High-school diploma (required).

• College degree (preferred, but not required).

• Over 1 year of loss mitigation, collections, or related mortgage-servicing experience (preferred, but not required). We will consider other relevant or similar experience.

Additional Information:

While this description is intended to be an accurate reflection of the position’s requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.

All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Okta Verify and Microsoft Authenticator. Employment will be contingent on this requirement.

Company Benefits:

Newrez is a great place to work but we are only as strong as our greatest asset, our employees, so we believe in rewarding them!

• Medical, dental, and vision insurance

• Health Savings Account with employer contribution

• 401(k) Retirement plan with employer match

• Paid Maternity Leave/Parental Bonding Leave

• Pet insurance

• Adoption Assistance

• Tuition reimbursement

• Employee Loan Program

• The Newrez Employee Emergency and Disaster Fund is a new program to support our team members

Newrez NOW:

• Our Corporate Social Responsibility program, Newrez NOW, empowers employees to become leaders in their communities through a robust program that includes volunteering, philanthropy, nonprofit grants, and more

• 1 Volunteer Time Off (VTO) day, company-paid volunteer day where all eligible employees may participate in a volunteer event with a nonprofit of their choice

• Employee Matching Gifts Program: We will match monetary employee donations to eligible non-profit organizations, dollar-for-dollar, up to $1,000 per employee

• Newrez Grants Program: Newrez hosts a giving portal where we provide employees an abundance of resources to search for an opportunity to donate their time or monetary contributions

Equal Employment Opportunity 
We're proud to be an equal opportunity employer- and celebrate our employees' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.

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