Job Description

Description

Position at loanDepot

Position Summary: 

Responsible for the closing aspects of loss mitigation. Handles the fulfillment piece of closing/booking loan modifications, short-sales and DIL. 

Responsibilities:  

• Creates final modification documents, generates directly to the borrower, works all incoming modification documents, audits for accuracy, decisioning, coordinates modification execution.
• Responsible for modification booking and closings, utilizes investor system (WPII, HSSN, FHAC) to enter, close, and validate case submissions, ensuring timely receipt of investor funds and accurate system changes.
• Processes GNMA buyout requests/redelivery and FNMA reclassification requests.
• Monitors system to ensure timely and accurate receipt of investor funds.
• Audits and tracks all system changes throughout the modification booking process; clears suspense and requests final escrow analysis.
• Responsible for all foreclosure timelines and guidelines for all investors; FHA, VA, USDA, FNMA, FHLMC.
• Submits and monitors title recordings, monitors and tracks, working with vendors as needed.
• Responsible for validating loan position and closing loss mitigation workstations in MSP.

Requirements:

• 5+ years of Loss Mitigation experience required.
• 3+ years of booking loan modifications, handling investor reporting updates, and system adjustment updates required.
• MSP/Black Knight experience required.
• Experience with Black Knight Loss Mitigation Solutions Tool, VALERI, SMDU and/or Workout Prospector is a plus.
• Knowledge of investor related systems, including WPII, HSSN and FHAC required.
• High School Degree or equivalent required; Bachelor’s degree preferred. 

Why work for #teamloanDepot:  

• Aggressive compensation package based on experience and skillset.
• Inclusive, diverse and collaborative culture where people from all backgrounds can thrive.
• Work with other passionate, purposeful and customer-centric people.
• Extensive internal growth and professional development opportunities including tuition reimbursement.
• Comprehensive benefits package including Medical/Dental/Vision.
• Wellness program to support both mental and physical health.
• Generous paid time off for both exempt and non-exempt positions. 

About loanDepot:  

loanDepot (NYSE: LDI) is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010, loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier, faster, and less stressful to purchase or refinance a home. Today, as the nation's second largest non-bank retail mortgage lender, loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. With headquarters in Southern California and offices nationwide, loanDepot is committed to serving the communities in which its team lives and works through a variety of local, regional, and national philanthropic efforts.

We are an equal opportunity employer and value diversity in our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

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