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Key skills for this role
The Loss Mitigation Director plays an important role in the organization by overseeing several activities related to the company’s Loss Mitigation functions. Manages and develops direct reports through setting objectives, coaching, feedback, and reviews. Oversees productivity of direct reports and monitors reports to ensure department efficiency and regulatory compliance for Loss Mitigation. Assigns work/projects related to area(s) of expertise and supervision. Ensures business processes are conducted in a timely, accurate and compliant manner in full accordance with established investor, company, state and federal guidelines and regulations.
The Loss Mitigation Director plays an important role in the organization by overseeing several activities related to the company’s Loss Mitigation functions. Manages and develops direct reports through setting objectives, coaching, feedback, and reviews. Oversees productivity of direct reports and monitors reports to ensure department efficiency and regulatory compliance for Loss Mitigation. Assigns work/projects related to area(s) of expertise and supervision. Ensures business processes are conducted in a timely, accurate and compliant manner in full accordance with established investor, company, state and federal guidelines and regulations.
Monitors operational performance/metrics to maximize productivity, efficiency, service, and compliance levels.
Provides goal setting, training, coaching, guidance, and recognition to team members; owns talent management for all of Loss Mitigation organization.
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Monitors licensing requirements and licensing related processes to ensure coverage.
Prepares annual budget, manages department to monthly and annual expense budget.
Monitors escalated investor, compliance, and account issues to ensure timely and accurate responses in a manner that provides transparency to and an understanding of risk exposure.
Provides weekly/monthly productivity reports and status updates on trends and issues to senior management.
Follows up on and remediates action items/deficiencies to ensure direct manager is informed.
Practices sound decision-making processes to ensure that timely and accurate actions are being taken regarding regulations and guidelines.
Provides oversight and guidance when preparing for internal and external auditors, plays an active role when auditors are on-sight and responds to audit findings by preparing formal responses and ensuring remediation of noted issues.
Monitors the development of training to ensure changes and improvements relating to investor rules and regulations, compliance criteria, internal policy and guidelines, and best practices are followed.
Monitors departmental projects to ensure they are properly prioritized, developed, tracked, and implemented.
Works with Senior Servicing Analyst to ensure systems and processes are updated and tested. Works with Leadership Team to ensure policies and procedures reflect these changes.
Ensures policies and procedures reflect everyday workings of applicable departments.
Job Scope: Oversees a discrete department or functional area; Executes the operational plan and leads operations of a single large function/program or multiple smaller functions/programs
Complexity: Problems encountered are generally limited to the area/unit, the project, or the program and/or may involve other related areas within the organization; problems are often complex, broad in scope, and implications, and are often unprecedented
Impact: Decisions and actions have a major impact on the outcomes of the department, projects, and programs; Has a direct and significant impact on the business and/or operations of major segments of the organization
Interaction/Supervision: Leads through subordinate managers and other direct reports, all of whom are management or high-level individual contributors; reports directly to a member of the leadership team.
Job Titles
Direct: 4-6
Loss Mitigation Managers, Loan Servicing Trainer for Loss Mitigation, Sr. Servicing Business Analyst, Investor Liaison
Indirect: 30-40
Loss Mitigation Specialists, Loss Mitigation Coordinators, FC Referral Analyst, Loss Mitigation Supervisors
· Limited supervision required.
· High level of independent judgment and decision-making.
· Manage multiple priorities/projects in a deadline-driven environment; leads with a strong sense of urgency and responsiveness.
· Excellent verbal and written communication skills.
· Strong detail orientation and highly organized.
· Ability to develop a team atmosphere including mentoring team members.
· Travel: < 5%
Providing residential home loans and in-house origination and servicing to homebuyers.
Visit company websiteJobs and hiring trendsUSD 94000-135000 yearly / year
Full-time
Senior · 10+ years experience
Remote
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