Remote Residential Mortgage Loss Mitigation Analyst at Paramount Residential Mortgage Group

Corona, California, United States -

Full Time

Start Date

Immediate

Expiry Date

30 Jun, 26

Salary

90000.0

Posted On

01 Apr, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Loss Mitigation, Mortgage Default, Analytical Skills, Data Analysis, Microsoft Excel, Process Improvement, Compliance, Auditing, Communication, Organizational Skills, Problem Solving, Time Management, Technological Proficiency

Industry

Loan Brokers

Description

Overview Responsible for performing loss mitigation analysis and performance audits within company servicing-retained portfolio. Routinely audit loans selected for post-forbearance and active loss mitigation performance; Work directly with sub-servicer for compliance to company and investor policies and procedures; Monitor pipeline of loss mitigation workouts (forbearance, modifications, short sales, deed-in-lieu) identifying problem loans, clearing roadblocks, and ensuring decisions are made according to investor protocol and departmental policies while maintaining GSE guidelines and timelines; Assesses necessary remedies to address noncompliance; Regularly examine data reports for accuracy, trends, and anomalies; Recommend and implement new monitoring and exception reporting; The duties for Loss Mitigation Analyst include, but are not limited to, those described below.PRMG offers a comprehensive benefits package for our full-time employees and their dependents, which includes medical, dental, vision, life insurance, short-term disability, long-term disability, a Health Savings Account (HSA), a Flexible Spending Account (FSA), and various other products, based on benefits eligibility, elections, and employee premiums. Upon hire, you will be eligible to enroll in all our company-sponsored benefit programs (Medical, Dental, Life, and Voluntary) on the first of the following month. After completing 60 days, you will be eligible to enroll in our 401(k) program on the first of the following month. Additionally, eligible employees may apply for job openings through PRMG’s Internal and External Job Portal to request a transfer to a different department or position. Responsibilities Works closely with Company’s sub-servicer, their systems, and reports Review and audit sub-servicer for loss mitigation process and performance Routinely review and monitor sub-servicer loss mitigation pipeline Work with Management to develop procedural manuals and training materials related to the audit of sub-servicer’s loss mitigation performance Communicate with Management regarding trends, issues, and needed escalation Demonstrate a good working knowledge of the processes and procedures with the ability to identify and implement process improvement opportunities. Interact with investors, vendors, and agency representatives as needed Qualifications 5+ years’ recent experience in the mortgage industry 3+ years’ experience in Mortgage Default, including Loss Mitigation experience with FHA, VA, and Conventional loans. 1+ years as a financial or business analyst, analytical skills that allow for the development of data driven reports and the ability to create Microsoft Excel graphs and charts MSP/Black Knight experience, Director a plus Skills: Demonstrated ability to manage time and prioritize deadlines. Strong analytical, written, verbal, and critical thinking skills to help solve issues and make decisions. Detail oriented with strong organizational and follow-through skills. Ability to work with limited supervision. Technologically proficient. Education: · Bachelor’s degree preferred Min USD $75,000.00/Yr. Max USD $90,000.00/Yr.

Responsibilities

The Loss Mitigation Analyst is responsible for performing loss mitigation analysis and audits within the company's servicing-retained portfolio. This includes monitoring the pipeline of loss mitigation workouts and ensuring compliance with investor protocols and departmental policies.