Senior Associate, Loss Mitigation
By Webster Financial Corp At , Southington, 06489, Ct
Recommends specific loss mitigation and/or workout proposals to Supervisor and/or Management and tracks the performance of approved plans.
Performs such other duties as may be assigned by Loss Mitigation Supervisor or other DMS Management.
Corresponds with real estate brokers, agents and attorneys regarding potential short-sale and/or settlement offers on the borrowers' property.
Corresponds with Loan Investors, Loan Insurers, and external servicing vendors regarding specific case requirements.
Understands and follows the Default Services Policies and Procedures of the bank.
Maintains and documents accurate loss mitigation records via the On-Line Collection System
Loss Mitigation Intake Associate
By Webster Financial Corp At , Southington, 06489, Ct $20.19 an hour
2 - 4 years of experience a financial services or related industry environment with heavy administrative responsibilities
Adhere to Investor/Insurer requirement documentation when required
Assist area managers with other projects and initiatives as required
Timely review all incoming documents to determine if the document(s) constitute a complete request for Loss Mitigation
Send written letters to borrowers confirming the Completeness or Incompleteness of their Loss Mitigation request package
Outbound and inbound calls to/from borrower in regards to incomplete or complete Loss Mitigation packages