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Loss Mitigation Closer I

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To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job.

Essential Job Functions may include:

  • Prepare mailing labels for overnight packages
  • Upon receipt of executed documents, validate all signatures have been completed, dated, andnotarized and are submitted to Management for final signatures and notarization
  • Ensure Foreclosure close and bill task is opened
  • Process payment reversals to ensure modification system changes are processed accurately as needed. Monitor daily funds received report.
  • Follow up on status of documents sent to recording
  • Send partial claims to FHA vendor and track to ensure FHA vendor’s receipt of recorded partial claims documents 
  • Mail accurate and executed loan modification documents to clients, borrowers, and investors as needed
  • Submit all required documents to Claims department
  • Ensure additional documentation for Short Sale and Deeds in Lieu closing packages, including contributions / promissory notes and investor specific documents is provided.
  • Complete post-closing audits to confirm all required settlement documents contain appropriate signatures/notarizations. 
  • Verify and upload required documents into imaging system
  • Provide closing status updates.
  • Contact attorneys, authorized agents, title companies, property preservation vendors and
  • homeowners to provide or receive closing status updates on Liquidation workouts
  • Processes invoice, answers questions about billing, and coordinates resolution of billing issues
  • with management and/or Accounting department.
  • Ensure Deed in Lieu documents are recorded properly Resolve rejected documents
  • All other duties as assigned.


  • Target start date:  9/14/2020  

         4 -6 weeks training provided:  Monday – Friday, 8:00am-5:00pm.  Actual shift will be determined after training.

Education and/or Experience:  

  • HS Dipolma/GED Required
  • Bachelor’s Degree from a Four (4) year College or University PREFERRED 
  • One (1) to two (2) years related experience and/or training


Language Skills:

  Excellent verbal and written communication skills required.  Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.  Ability to write reports, business correspondence, and procedure manuals.  Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.


Mathematical Skills:  

Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume.  Ability to apply concepts of basic algebra and geometry.


Reasoning Ability:  

Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form.  Ability to deal with problems involving several concrete variables in standardized situations.


Certificates, Licenses, Registrations:  

None required

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.  While performing the duties of this job, the employee is frequently required to sit and talk or hear.  The employee is occasionally required to stand; walk; use hands to finger, handle, or feel; and reach with hands and arms.  The employee must occasionally lift and/or move up to 25 pounds.


Work Environment:  

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate.


Employer’s Rights:  

This job description does not list all the duties of the job. You may be asked by your supervisors or managers to perform other duties. You will be evaluated in part based upon your performance of the tasks and functions listed in this job description. The employer has the right to revise this job description at any time. The job description is not a contract for employment, and either you or the employer may terminate employment at any time, for any reason.