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Rushmore Loan Management Services Loss Mitigation Analyst in Irvine, California

Come Join the Rushmore Team! Whether you are interested in correspondent origination and sale of mortgages, mortgage servicing operations, real estate management of REO assets, or various corporate positions to support our growing business, Rushmore may just have the position you’ve been waiting for. Browse our openings and contact us today to learn about career opportunities offering competitive salaries and comprehensive benefit packages.

CORE VALUES:

The Company Core Values: We are PROUD, All for WON, and We are SCRAPPY are inherent to how Employees view and act. To ensure Employees have an environment where expectations are clear, we desire that all employees embrace each Core Value through the use of descriptors and employees understand the behavioral drivers to be successful. We are Proud: Reliable Confident, Committed, All for Won: Team Player, Collaborative, and We are Scrappy: Resourceful, Persistent, and Innovative

In addition to the Company Core Values, there are two Supporting Values that Employees are expected to strive to exemplify on a daily basis: Integrity, which is our Permission-to-Play value; and Excellence, which is our Aspirational value.

POSITION SUMMARY:

The Loss Mitigation Analyst position is responsible for reviewing all loans prior to foreclosure sale to ensure adherence to all state and CFPB guideline. Under the direction of the AVP, Loss Mitigation, this position will work on various aspects loss mitigation based on the varying needs throughout the year.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

  • Manages and dispositions the Pre Foreclosure Review on eligible loans prior to Foreclosure Sale

  • Reviews for exemptions permitted by the CFPB as it relates to foreclosure sale and perform initial decision on Loss Mitigation exhaustion efforts prior to providing details to management for final sign off

  • Communicates and monitors the document handling process including the outsource vendor to make determination on current status of loans eligible for Loss Mitigation assistance as part of Pre Sale review

  • Performs and completes all pre-sale checklists required by Management

  • Performs Quality Control monitoring for various functions

  • Reviews and prepares Loss Mitigation Packages for processing

  • Images Documents

  • Requests BPOs/Appraisals as applicable

  • Requests payoff /reinstatement figures as applicable

  • Communicates detailed posting instructions to Cashiering Department as to how funds received should be applied to a loan

  • Develops a good working knowledge of the various departments within Servicing Administration in order to provide support to internal employees and external customers

  • Handles additional duties as they may be assigned within the scope of this department/job description

  • Processes Tasks in MSP

  • Orders Escrow Analysis, BPO, Credit Report and title as applicable

  • Performs other duties as assigned by management

ESSENTIAL KNOWLEDGE & SKILLS:

  • Ability to cross train Support staff on various functions within the department

  • Ability to fulfill all functions performed by the support team

  • Encompass a good understanding of the loss mitigation departmental policies and procedures.

  • Excellent verbal communication skills and ability to work in a collaborative environment.

  • Experience in risk-weighting business processes

  • Ability to work independently

EDUCATION AND/OR EXPERIENCE:

  • High school diploma required

  • Bachelor’s degree preferred

  • Minimum 4 years of mortgage banking experience including any combination of Loss Mitigation and Foreclosure experience

MACHINES, OFFICE EQUIPMENT & SOFTWARE:

  • Proficient in Microsoft Office applications

ID: 2021-3499

FLSA Status: Non-Exempt

External Company Name: Rushmore Loan Management Services

External Company URL: rushmorelm.com

Street: 15480 Laguna Canyon Rd

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