

VP, Loss Mit
Apply NowDescription
Summary
The Vice President – Loss Mitigation is responsible for the oversight and compliance of the loss mitigation process (processing, underwriting, closing) of all workouts. In addition, this position is responsible for loss mitigation claims to be filed to the investor/insurer as well as any 2nd look process on denied decisions and mediations.
Essential Job Functions:
- Manages timeline and quality decisions made by the loss mitigation team.
- Manages timely and accurate investor/insurer claim filing on loss mitigation files.
- Oversees the 2nd look process to review denied modification workouts prior to a final decision being communicated to our borrowers.
- Works closely with Default Reporting for the timely and accuracy of the 1099 A's and C's that need to be sent to our borrowers and filed with the IRS due to the completion of loss mitigation files.
- Manages strategy of maximizing the solicitation of loss mitigation with our borrowers.
- Ensure we are adhering Investor, Insurer, Federal and State guidelines.
- Handles charge offs for 1st and 2nds liens. This will be accomplished by working with the other leaders in the default group.
Other Related Duties:
- Performs other related duties as assigned.
Supervisory Responsibilities:
Manages staff and carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.
Qualifications:
To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed 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.
Education and/or Experience:
High school diploma or GED required
Bachelors Degree (B.A.) from a four-year College or University; or one to two years related experience and/or training; or equivalent combination of education and experience.
#CB
#LI-ST1
Benefits
Career development and advancement
Working at Freedom, you have the chance to invest in yourself. From on-the-job training to advancement opportunities, and from tuition assistance to our annual internal leadership conference, we’re focused on upskilling, achieving, and celebrating.
Learn MorePhilanthropy
We run huge company-sponsored donation events and contests, as well as offer paid volunteer time so you can commit your support to the causes which you care about most.
Learn MoreHolidays and paid time off
We offer ample paid time off including multiple paid holidays — because your downtime and well-being are just as important to us as your time in work mode.
Learn MoreYour Wallet
Our salaries are competitive — rewarding your experiences, contributions, and hard work. We also have a 401K plan which provides a matching contribution.
Learn More
Medical
We offer several medical benefits plans and options to choose from including dental, vision, disability and life insurance, dependent care and flexible spending.
Learn MorePet insurance
Pets are part of the family too! We offer comprehensive vet insurance to make sure your cats are cared for, your pups are prioritized, and your lizards looked-after.
Learn MoreJoin us
Featured Roles
Loss Mitigation Processor
Summary This position is responsible for a variety of quality control functions to ensure we are in compliance with regulatory and investor underwriting and servicing requirements and guidelin…
Escrow Supervisor MI/PMI
Summary: The Escrow Supervisor is responsible for ensuring that all aspects of Escrow Administration are performed in a timely and accurately manner while remaining compliant with all State, Federal and Investor gu…
Foreclosure Specialist
Foreclosure Specialist is responsible for working directly with governmental, special servicing, private label, and high profile investors while making decisions and providing resolutions regarding foreclosure issues in order to minimize risks a…
Loss Recovery Director
The Director, Loss Recovery will be responsible for the day-to-day activities related to defaulted loan loss analysis and recovery of bill-backs through claims to vendors, prior servicer and originators. The Director will be responsible for ens…
Corporate Advance Analyst II
This position is responsible for reconciliation of the recoverable corporate advances on all Bulk and Flow Mortgage Servicing Loan transfers from various Mortgage Banking Institutions. This position will also ensure that the reconciliation proce…
Escrow Processor
Soar With Us Flying ahead of the flock for over 30 years, we at Freedom Mortgage have taken millions of Americans under our wing and helped them achieve their dreams of financial betterment and homeownership. This …
Escrow Processor
Soar With Us Flying ahead of the flock for over 30 years, we at Freedom Mortgage have taken millions of Americans under our wing and helped them achieve their dreams of financial betterment and homeownership. This …
Escrow Processor MI/PMI
Soar With Us Flying ahead of the flock for over 30 years, we at Freedom Mortgage have taken millions of Americans under our wing and helped them achieve their dreams of financial betterment and homeownership. This …
Escrow Supervisor
Soar With Us Flying ahead of the flock for over 30 years, we at Freedom Mortgage have taken millions of Americans under our wing and helped them achieve their dreams of financial betterment and homeownership. This …
Senior Analyst, GSE and PMI Claims
The Senior GSE and PMI Claims Analyst is responsible for the QC, audit and oversight of claims filed, and various administrative procedures in the GSE and PMI claims process. The Senior Analyst's duties are to ensure that policies and procedure…