Loss Mitigation Specialist
2 settimane fa
Overview:
AmeriCU Credit Union is seeking an experienced Loss Mitigation Analyst to join our team. In this role, you will be responsible for reviewing and underwriting modification requests from current members, assessing their ability and intent to continue existing obligations, and providing guidance and support throughout the modification process.
Key Responsibilities:
- Analyze borrower's financial situation to determine their ability and intent to continue existing obligations.
- Review and underwrite forbearance and modification requests for consumer, business, and real estate loans.
- Verify borrower documentation, including income, employment, and credit history, as needed.
- Review proposals from Credit Counseling Agencies, Collection Agencies, and Legal teams for settlements of loan obligations within assigned authority.
- Prepare and maintain accurate records and documentation of all modification activities.
- Communicate with internal team and borrowers to gather necessary information and explain modification decisions.
- Provide guidance and support to members throughout the modification process with empathy and understanding, along with financial education.
- Monitor existing forbearance and modification plans for continued signs of impairment.
- Review requests and recommendations from sub-servicer for Loss Mitigation and advanced collection requests.
- Ensure compliance with Credit Union policies and regulatory requirements under supervision.
- Identify and report potential risks to the Credit Solutions Leadership Team.
Requirements:
- Bachelor's degree in a related field or equivalent work experience.
- Strong analytical and problem-solving skills.
- Excellent communication and interpersonal skills.
- Ability to work in a fast-paced environment and meet deadlines.
About AmeriCU:
AmeriCU is a not-for-profit credit union based in Rome, NY with assets in excess of $2.6 Billion and serving a membership base of over 160,000 members across Central New York, the United States, and beyond. We offer a comprehensive benefits package, including competitive rates on medical, dental, and vision plans, generous contributions to your health savings account, and opportunities for growth and advancement.
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