Loss Mitigation Closing Specialist

7 days ago(1/15/2018 4:47 PM)
# of Openings
Corporate - Servicing


About HomeBridge Financial Services

HomeBridge Financial Services, Inc. is one of the nation’s largest privately held, non-bank lenders. We specialize in facilitating and securing home mortgage financial solutions through our retail and wholesale channels. More information on HomeBridge can be found online at www.HomeBridgeInc.com.


Customer Service Commitment

Represents the company in a professional and enthusiastic manner: by providing an exceptional level of customer service, supporting the mission/vison statements, and adhering to our core values in all functions of their job responsibilities and interaction with referral partners, customers, and clients.


Scope/Purpose of the Position
The purpose of this position is to help facilitate the back-end process for finalizing loss mitigation options.

Key Responsibilities and Essential Functions

  • Submit final loan modification terms to vendor for modification, partial claim, deed in lieu or short sale document drafting as applicable.
    • Follow up with vendor to ensure documents drafted and submitted to the borrower(s) for execution.
  • Follow up for executed documents from borrower(s) to ensure they are timely executed in house, reviewed for completeness and sent to the vendor for recording
  • Ensure all loss mitigation claims, as applicable are timely filed with the assistance of the claims specialist
  • Ensure that all FHA partial claims/modifications are submitted timely to the investor
  • Request title, follow up on title receipt, review for possible impediments and send notification to borrower
  • Validate data within the prepared loan modifications matches the system of record for accuracy
  • Monitor the steps within the loss mitigation module to ensure timeline compliance
  • Validate that all system changes are completed and the loan reflects the terms of the modification as applicable
  • Update all applicable investor systems
  • Submit requests to corporate for pool buyouts for loan modifications
  • Update the loss mitigation modules as the file progresses
  • Ensure payment reversals and waiver of any applicable fees is completed by the Default Cashier
  • Submit all applicable tasks to servicing departments such as Accounting, Escrow and claims
  • Notify foreclosure team if close and bill is needed
  • Closing of loss mitigation modules when the process is complete

Work Experience and Knowledge, Skills and Abilities

  • Typing speed of 60 WPM
  • Strong mathematical aptitude
  • Ability to use and/or learn industry related software specific to HomeBridge and the department
  • Ability to work in a fast-paced environment where priorities change frequently to meet business needs
  • Excellent analytic skills, attention to detail, and ability to work within time constraints.
  • Excellent level of interpersonal skills to work effectively with others.
  • Excellent level of oral and written communication skills. Ability to communicate across a variety of audiences.
  • Intermediate level of computer skills and the ability to function in a windows environment utilizing Outlook, Word and Excel.
  • Professional and effective interpersonal skills. Solid decision making skills with display of professionalism in maintaining confidentiality.
  • Ability to rapidly acquire detailed knowledge of departmental policies, practices and procedures.
  • Strong time management skills, fast learner, self-motivated, and comfortable taking initiative and handling multiple projects simultaneously.
  • Committed to taking responsibility and ownership for agreed actions and delivery.
  • Reports to work on a daily and timely basis.

Minimum Qualifications

  •  High School Diploma or equivalent

Note: Management reserves the right to change or reassign job duties or combine positions at any time.


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