Loss Mitigation Specialist FNMA

Job description

Function : Coordinate all functions within Government (FNMA) loans including but not limited to loss mitigation process and procedures, foreclosure and bankruptcy; ensure all functions are performed in full compliance with Investor Guidelines; assist in minimizing non-performing loan losses by managing distressed loans through different stages of the loss mitigation process, including identifying customer hardships, reviewing loss mitigation requests, and working with S&T and outside counsel. Duties and Responsibilities: Maintain, stay current on changes in industry regulations, and update procedure manual to ensure internal procedures comply with investor and regulatory requirements with all Fannie Mae (FNMA) loans. Participates in activities and projects designed to improve business performance. Requests and gathers supporting documentation required in order to create complete loan workout packages within required timeframes that comply with investor, insurer, state, federal and CFPB guidelines. Follow up on outstanding issues to ensure decision process is completed in a timely manner and in accordance with regulations and guidelines. Maintain regular communication with borrowers...