Loss Mitigation Specialist I

Fannie Mae Corp Plano , TX 75023

Posted 4 months ago

THE COMPANY

Fannie Mae provides reliable, large-scale access to affordable mortgage credit in communities across our nation. We are the leading source of funding for housing in America, which means more people can buy or rent a home. We are focused on sustaining the housing recovery, improving our company, and leading change to make housing better.

Join our diverse, high-performing team and make a difference as we work together to enable access to a good home.

For more information about Fannie Mae, visit http://www.fanniemae.com/progress

JOB INFORMATION

Operate under general supervision in providing loss mitigation consultation to servicers to reduce potential losses or foreclosure on delinquent loans. Assist in preparing reports. Perform research and analyses requested by management.

KEY JOB FUNCTIONS

  • Conduct training and customer development for servicers.

  • Respond to servicer inquiries via phone and email.

  • Collect and analyze data regarding servicer performance.

  • Promote the firm's products and services.

  • May collaborate with servicers to develop workout efficiency goals designed to improve loss mitigation production.

  • May determine servicer strengths and weaknesses in loss mitigation to include measurement of process efficiencies and management of default timelines.

  • May perform less complex projects or participate as a team member on more complex projects.

EDUCATION

  • High School Diploma or equivalent required

MINIMUM EXPERIENCE

  • 1 years of related experience

SPECIALIZED KNOWLEDGE & SKILLS

  • Business understanding of mortgage industry and industry terms required

  • Prior experience in a production environment (working from a queue of tasks/cases) is required

  • Communication skills Ability to communicate professionally at all levels with internal and external partners

  • Problem Solving Ability to identify operational and process issues, document and record escalated matters and collaborate to provide solutions. Able to assist with the implementation of process improvements as well as issue and track remediation

  • Results Oriented Able to focus and collaborate efforts to achieve results

  • Strong organizational skills

  • Ability to work independently, as well as part of a team

EMPLOYMENT

As a condition of employment with Fannie Mae, any successful job applicant will be required to pass to successfully complete a background investigation.

Fannie Mae is an Equal Opportunity Employer.


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Loss Mitigation Specialist I

Fannie Mae Corp