Loss Mitigation Liaison I - (New York, NY)

Overview: This position is responsible for acting as the Single Point of Contact ('SPOC') throughout the loss mitigation process, from package collection through decision and closing, as well as through the foreclosure process. Main responsibilities: * Take inbound and make outbound calls to assigned portfolio of mortgage loan borrowers that are delinquent in their loan payments and who are investigating loss mitigation options or are in foreclosure, while maintaining compliance with all state and federal laws and regulations applicable to consumer collection activity. * Answer consumer questions concerning their accounts and document the contact on the mortgage servicing system. * Understand investor's waterfall and required documents for loss mitigation. Collect consumer financial info and assist borrowers in reviewing loss mitigation documents. * Communicate and explain the terms of loss mitigation approvals or declines, the rational for each and expertise to appeal or re-apply.