The Vice President – Loss Mitigation is responsible for the
oversight and compliance of the loss mitigation process
(processing, underwriting, closing) of all workouts. In addition,
this position is responsible for loss mitigation claims to be filed
to the investor/insurer as well as any 2 nd look process on denied
decisions and mediations.
Essential Job Functions:
Manages timeline and quality decisions made by the loss
Manages timely and accurate investor/insurer claim filing on
loss mitigation files.
Oversees the 2 nd look process to review denied modification
workouts prior to a final decision being communicated to our
Works closely with Default Reporting for the timely and accuracy
of the 1099 A's and C's that need to be sent to our borrowers and
filed with the IRS due to the completion of loss mitigation
Manages strategy of maximizing the solicitation of loss
mitigation with our borrowers.
Manages foreclosure referral's and adhering to the investor,
insurer and CFPB guidelines.
Attends mediation hearings with the various courts to ensure
workout options have been exhausted.
Handles charge offs for 1 st and 2nds liens. This will be
accomplished by working with the other leaders in the default
Other Related Duties:
Performs other related duties as assigned.
Manages staff and carries out supervisory responsibilities in
accordance with the organization's policies and applicable laws.
Responsibilities include interviewing, hiring, and training
employees; planning, assigning, and directing work; appraising
performance; rewarding and disciplining employees; addressing
complaints and resolving problems.
To perform this job successfully, an individual must be able to
perform each essential function satisfactorily. The
requirements listed are representative of the knowledge,
skill, and/or ability required. Reasonable accommodations may be
made to enable individuals with disabilities to perform
the essential functions of the job.
Founded in Mount Laurel, NJ in 1990, Freedom Mortgage has since
grown into one of the largest and fastest-growing privately owned
full-service residential lenders in the USA. Licensed in all 50
states, Washington D.C., Puerto Rico and the Virgin Islands,
Freedom Mortgage has over 5000 employees nationwide, proudly
servicing $225.6 billion, and is still growing.
Our mission is to foster homeownership in America. Freedom is a
leader in VA mortgage lending and is one of the mortgage industry’s
largest philanthropic supporters of the USO and military families
through its Team Freedom Cares philanthropic arm.
Locations include suburban Philadelphia and Fishers, IN, two
regions where we were named Top Workplaces. We also have large
operating centers countrywide, including these desirable markets:
Beaverton , OR; Boca Raton, FL; Columbia, MD; Jacksonville, FL;
Melville, NY; Plano, TX; San Dimas, CA; Tempe, AZ; Troy, MI and
If you seek a sense of community, top training, opportunity for
advancement, a comprehensive benefits package and reward and
recognition program, look no further.
Freedom Mortgage Corporation is an Equal Opportunity Employer
committed to workforce diversity. Qualified applicants will receive
consideration without regard to age, race, color, religion, gender,
sexual orientation, national origin, or their status as a protected
veteran or an individual with disabilities. Local applicants
encouraged to apply. Employment contingent upon successful
completion of background investigation. Smoke-free workplace.
Drug-free work environment. Excellent benefits package including
medical, dental, vision and 401(k). All resumes are held in
confidence. Only candidates whose profiles closely match
requirements will be contacted during this search. LENDER NMLS
Equal Opportunity Employer-