Senior Loan Counselor

Posted 6ds ago

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Job Description

Senior Loan Counselor responsible for collecting on delinquent loans and counseling borrowers on loss mitigation options. Manage payment schedules and communicate with borrowers effectively.

Responsibilities:

  • Contact delinquent customers to collect and reestablish a payment pattern
  • Negotiate or renegotiate payment schedules to avoid foreclosure
  • Approve and calculate short term repayment plans
  • Ensure adherence to regulatory requirements for collections process
  • Work with internal/external staff and investor contacts to maximize potential for collection
  • Work directly with investor contacts to complete requested tasks
  • Take part in investor conference calls
  • Become familiar with loss mitigation practices and how they apply to default operations
  • Assist borrowers with completing financial packages
  • Advise borrowers of potential consequence of foreclosure or bankruptcy
  • Maintain servicing system with appropriate default holds and codes
  • Attend all training sessions for department
  • All other duties as assigned by management

Requirements:

  • High school diploma (or equivalent) required
  • Previous experience in mortgage loan servicing desired
  • Previous experience in collections and/or default servicing desired
  • Previous experience in loan counseling with MSP required