Asset Disposition Loss Mitigation Specialist, Sr

Position Summary:

Responsible for the day-to-day review of investor repurchase demands and impaired loans internally referred

to the Asset Disposition (AD) Group. Reviews and analyzes loans in AD pipeline and recommends course of

action to cure loan file defects, which could include feedback to management or department leaders.

Provides analysis and support to the AD Group to mitigated loss across the enterprise. Analyzes credit risk and

underwriting aspects on loans referred to the AD Group and interact with internal and external partners to

research and recommend solutions to mitigate losses. Interacts with several internal partners that includes,

but not limited to, Secondary, Post Closing, Shipping, Servicing, Appraisal, Credit Policy, Counsel, Treasury, etc.

in order to evaluate and mitigate impaired asset losses. External channels will include Investor Repurchase

Departments, Collateral Agents, Servicers, Scratch & Dent investors, and Foreclosure/REO Agents. This position

ensures the performance of all duties in accordance with the company’s policies and procedures, all U.S. state

and federal laws and regulations, wherein the company operates.

Responsibilities:

•  Responsible for providing recommendations to management on the Investor reallocation; supports repurchase referral for refinance on scratch and dent sale.
• Ensures investor repurchase demands are reviewed and responded within investor deadlines, including research and analysis on program requirements to validate and/or refute outstanding repurchase

demands.

• Ensures all internally impaired loans are reviewed and responded within required timeframes.
• Handles escalated issues and requests coming for investors or other departments.
• Manages pipeline queue balancing with various tasks as needed.
• Works with investor delivery team on repurchase referrals and assists as a subject matter expert on investor guidelines and delivery requirements.
• Communicates issues to internal and external business partners.
• Assists the post-closing department with insuring defects (FHA) and program violations (conventional).
• Performs other duties and projects as assigned.

Requirements:

• Bachelor’s Degree preferred, or minimum of four (4) + years’ experience working in a similar field.
• Experience in the Mortgage industry preferred.
• Familiarity with LOS systems.
• Demonstrates knowledge of, adherence to, monitoring and responsibility for compliance with state and federal regulations and laws as they pertain to this position.
• Demonstrates understanding of agency investor guidelines, delivery requirements and process.
• Demonstrates strong relationship building skills.
• Intermediate skills in computer terminal and personal computer operation; Microsoft Office applications including but not limited to: Word, Excel, PowerPoint and Outlook.
• Intermediate math skills; calculate interest and percentages; balance accounts; add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals; locate routine mathematical errors; compute rate, ratio and percent, including the drafting and interpretation of bar graphs.

Why work for #teamloanDepot:

• Aggressive compensation package based on experience and skill set
• Inclusive, diverse and collaborative culture where people from all backgrounds can thrive
• Work with other passionate, purposeful and customer-centric people
• Extensive internal growth and professional development opportunities including tuition reimbursement
• Comprehensive benefits package including Medical/Dental/Vision
• Wellness program to support both mental and physical health
• Generous paid time off for both exempt and non-exempt positions

About loanDepot:

loanDepot (NYSE: LDI) is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010, loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier, faster, and less stressful to purchase or refinance a home. Today, as the nation's second largest non-bank retail mortgage lender, loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. With headquarters in Southern California and offices nationwide, loanDepot is committed to serving the communities in which its team lives and works through a variety of local, regional, and national philanthropic efforts.

Base pay is one part of our total compensation package and is determined within a range. This provides the opportunity to progress as you grow and develop within a role. The base pay for this roles is between $73,000 and $109,000. Your base pay will depend on multiple individualized factors, including your job-related knowledge/skills, qualifications, experience, and market location.

We are an equal opportunity employer and value diversity in our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.