US Mortgage Loss Mitigation Analyst

Job Title: – Loss Mitigation Analyst

Location: On-site – Pune or Bangalore - Purely Work From Office

Shift: Night Shifts (6 pm IST onwards)

Experience: Minimum 2 years in US Mortgage Loss Mitigation End to End

Work Hours:

Transport will not be provided but higher travel allowance will be given

Experience Required: Minimum 2-4 years in US Mortgage loss mitigation processes. Graduation is mandatory.

Key Responsibilities -

• Remain up to date and comply with all state and federal laws, regulations, investor, and insurer guidelines

• Work with property preservation companies to achieve conveyance condition

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

• Work closely with leadership team(s) providing loan-level status updates

• Manage Invoices and bids for work requests

• File and track claim status to final approval resolving any findings as they occur

• Monitor inspection reports identifying homes requiring property preservation

• Manage the post foreclosure conveyance processes ensuring deadlines are met

• Identify and inventory recoverable disbursements for claim filings

• Gather receipts and supporting documents for all recoverable expenses and Provide loan level reconciliations

• Work with leadership to resolve conveyance, reconveyance, and title issues

• Update the data systems of property preservation and claims progress

• Integrate specific servicing requirements regarding loss analysis processes

• Quality control conveyance and title packages and Provide suggestions for claims management solutions

• Calculate and prepare reinstatement, payoff figures, and other debt information to attorneys

• Answers calls from attorney firms and vendors and Reviews tasks daily to ensure they are completed within company timelines

• Cross train to serve as a support for the foreclosure specialist

• Other duties as assigned

Skills -

• Knowledge of P260 and property preservation related systems

• Must be proficient in Microsoft Office suite

• 2-4 years’ experience and full understanding of:

o FHA Part A and B Claim Filing

o FHA Supplemental Claim Filing

o FHA Loss Mitigation Claim Filing

o VA Claim Filing o USDA Claim Filing 

• Familiarity with VA, FHA and USDA servicing guidelines

• Knowledge of mortgage banking, familiarity with RESPA, FDCPA, GLBA, and federal and state laws related to foreclosure and bankruptcy processes

• Ability to audit and analyze work outputs by interpreting government agency and department guidelines/standards

• Advanced analytical skills, ability to analyze problems and provide the appropriate solution

• Advanced problem solving, multi-tasking and organizational skills with strong attention to detail

• Proven ability to analyze data and make recommendations on how to improve trends

• Must be comfortable working in a start-up dynamic environment

• Must be highly confidential to protect the client's privacy rights

• Ability to meet strict deadlines and take direction from more senior personnel

• Proven ability to prioritize workflow during high volumes and within critical time frame

• Self-starter who can work in a fast paced, multi-faceted environment

• Good character, motivated, hard working.

• Ability to work well with fellow associates, clients, and vendors.

• Good communication skills. Neat, clean, healthy work habits.

Job Type: Full-time

Pay: ₹500,000.00 - ₹600,000.00 per year

Application Question(s):

• Hello!

Would you confirm the below details please:
Total experience:Total experience in US Mortgage Loss Mitigation: Willing to work in night shifts: Willing to work purely from office only: Current Location/area (for transport/cab service): Current designation: Current CTC: Expected CTC : Notice period: Is your notice negotiable?: If yes, how soon can you join?

Work Location: In person