Loss Mitigation Analyst

Are you a detail-oriented and analytical individual looking for a challenging and dynamic career opportunity? Look no further! loanDepot is seeking a highly motivated Loss Mitigation Analyst to join our team. As a Loss Mitigation Analyst, you will play a crucial role in helping our company minimize losses and maintain profitability. In this role, you will use your strong analytical skills to review and evaluate loan files, identify potential risks, and recommend effective mitigation strategies. The ideal candidate for this position will have a strong understanding of loan servicing and loss mitigation processes, as well as excellent communication and problem-solving skills. If you are ready to take on a rewarding and impactful role in the mortgage industry, we encourage you to apply for this position today!

1. Conduct thorough reviews and evaluations of loan files to identify potential risks and recommend appropriate loss mitigation strategies.
2. Utilize strong analytical skills to analyze data and identify trends that may impact loan performance and profitability.
3. Stay updated on industry regulations and guidelines related to loan servicing and loss mitigation.
4. Communicate effectively with borrowers, lenders, and internal teams to gather necessary information and resolve issues related to loss mitigation.
5. Collaborate with other departments to ensure timely and accurate implementation of loss mitigation strategies.
6. Monitor and track the progress of loss mitigation plans to ensure timely and effective resolution.
7. Prepare and present reports on loss mitigation activities and outcomes to management.
8. Identify opportunities for process improvements and make recommendations to streamline loss mitigation procedures.
9. Keep detailed and accurate records of all loss mitigation activities and outcomes.
10. Maintain a high level of confidentiality and discretion when handling sensitive borrower information.
11. Stay organized and prioritize tasks to meet deadlines in a fast-paced and dynamic work environment.
12. Continuously strive to meet or exceed company goals and targets for minimizing losses and maintaining profitability.
13. Act as a subject matter expert on loss mitigation processes and procedures for internal teams and external stakeholders.
14. Attend training and development sessions to stay updated on industry trends and best practices.
15. Adhere to all company policies and procedures while performing job duties.

According to JobzMall, the average salary range for a Loss Mitigation Analyst in Irvine, CA, USA is between $57,000 and $80,000 per year. This range can vary depending on factors such as experience, education, and employer. Some companies may offer bonuses or other benefits as part of their compensation package. Additionally, the cost of living in Irvine may also impact the salary range for this position.

An emerging-growth nonbank consumer lender and market leader offering home mortgage, refinance and home equity loan products in all 50 states.