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VP, Loss Mitigation

Company: Regional Recreation Corporation of Wood Buffalo
Location: Virginia Beach
Posted on: May 3, 2021

Job Description:

VP, Loss Mitigation in Virginia Beach, Virginia | Careers at Virginia Beach Skip BrandingLoginCustomer ServicesCompanyMortgage CompaniesCredit UnionsBanksSeller FinanceLOANCARE CAREERSTM 2021 LoanCare, a Fidelity National Financial Company, NMLS #2916 LoanCare, LLC. All rights reserved.Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act.Privacy Statement Terms Of Use California Privacy VP, Loss Mitigation in Virginia Beach, Virginia | Careers at Virginia Beach Skip to Main Content Please Enable Cookies to Continue Please enable cookies in your browser to experience all the personalized features of this site, including the ability to apply for a job. Welcome page Returning Candidate? Log back in!VP, Loss MitigationJob Locations US-VA-Virginia Beach ID 2021-1712 Category Mortgage Servicing Type Full TimeOverviewAre you ready to take your career to the next level? LoanCare, one of the top providers in the mortgage services industry, seeks an individual with a solid work history in the mortgage or real estate industry, to join our team as a VP, Loss Mitigation. The ideal candidate will enjoy working with clients, both internal and external, be detail oriented, and is driven to meet tight deadlines in a fast paced environment. If you are ready for a career and not just your next job, now is the time to join our team and become a part of something big.Responsibilities DETAILED JOB DUTIES The Vice President will have day-to-day accountability for the Mortgage Assistance Department teams. They will be responsible for aspects of oversight and controls ensuring compliance is proven as required to all Federal, state, and agency/insurer guidelines. This individual will partner with the SVP of Mortgage Assistance to monitor loss mitigation strategies, focusing on improving Customer and Client satisfaction to ensure company profitability.The Vice President is the owner required to develop operating plans, procedures and capacity to ensure proper and timely processing of accounts with a focus on anticipated business growth. This individual will complete projects and lead/develop teams to streamline processes and achieve the productivity, compliance, efficient and quality of a premier subservicer. In addition, this individual will be responsible for implementing and overseeing training guides for all compliance changes announced by federal, state and agency/insurer loan modification programs.Oversee the teams responsible for loss mitigation activities; manage staff and work being completed in multiple locations; provide leadership and direction to supervisors and managerMonitor workload and staff to ensure workflow is maintained in accordance with department standards and investor, insurer and client and company timeframesLearn and understand the complexity of subservicing, while continuously assessing efficiencies of default administration directed and improving service levels and profitabilityEstablish goals and objectives; work closely with leadership team to achieve organizational goals; assist with setting monthly department productivity goals; develop action plans for meeting target datesWork with staff to develop and monitor individual and departmental goals; complete and maintain individual performance plans for each direct report; meet regularly to provide effective feedback and guidance as a result of monitoring task queues; quality and communication review, etc.; assist staff in achieving team and departmental goals/objectivesAdvocate strong customer/client focus and communication, internally and externallyProblem-solve and analyze situations to come up with a mutually acceptable solution utilizing available resourcesModel and encourage open and effective communicationManage and monitor departmental operating processes and procedures, such as but not limited to:Ensure all work is performed timely and accuratelyEnsure appropriate management controls are in place to monitor and track all tasks and functionsEvaluate business processes and make necessary changes to daily proceduresEnsure compliance with all investor, insurer, client and company policies, procedures and guidelinesEnsure compliance with all loss mitigation timelinesEnsure all client service level agreements (SLA) are met or exceededEnsure department procedures are updated timely to reflect all regulatory and compliance updatesMonitor loss mitigation data and identify problem areas develop methods to analyze trends and take corrective action where neededEnsure all exception/problem cases are identified, handled, reported and resolved timely an accuratelyOrganize and plan department activities including managing task assignments and scheduling projects, utilizing appropriate resources and requesting follow-up documentation as neededRespond to internal and external audit findings; prepare formal responses and ensure remediation of noted issuesMonitor department's financial statements ensure all controllable expenses are maintained within budget' ensure losses due to department fails are kept within established budget amounts and provide detailed explanation for losses incurred, monthlyReview and prepare reporting surrounding key performance indicators and pipeline management reports with senior management on a weekly basisAll other duties as assigned.Qualifications MINIMUM QUALIFICATIONS High School Diploma or equivalent required, Bachelor of Business Administration preferred, An equivalent combination of education and experience may be accepted in lieu of college degree.7 years of experience in one or more of the following areas: Mortgage Banking, Collections, Loss Mitigation, Bankruptcy and Foreclosure processes3-5 years management experienceStrong computer skills with working knowledge of Office (Outlook, Word, Excel and PowerPoint) and ability to learn industry related systemsStrong analytical, reasoning and negotiation abilities and solid administrative skills; well-developed management skillsStrong knowledge of current practices, procedures and regulations/laws related to default administration for GSE/HUD/VA and residential/conventional mortgage loansEffective/collaborative leadership style that inspires and motivates outstanding performance; excellent coaching and counseling skills WHO WE ARE About us ... LoanCare is a leading national provider of full service subservicing and interim subservicing to the mortgage industry and has offered its expertise and best practices in providing servicing solutions for others since 1991. At the present time, LoanCare subservices over 1 million loans in 50 states. LoanCare has a seasoned loan servicing team with senior managers averaging nearly 30 years of experience in the mortgage and financial services industry.LoanCare, its affiliates and subsidiaries, is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, disability, protected veteran status, national origin, sexual orientation, gender identity or expression (including transgender status), genetic information or any other characteristic protected by applicable law.Essential functions are the basic job duties that an employee must be able to perform, with or without reasonable accommodation. WORK CONDITIONS Working conditions are normal for an office environment. Ability to attend work and be productive during normal business hours and to work early, late or weekend hours as needed for successful job performance. Over time required as necessary.Essential functions are the basic job duties that an employee must be able to perform, with or without reasonable accommodation. ESSENTIAL FUNCTIONS Critical Thinking " Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems. Reading Comprehension " Understanding written sentences and paragraphs in work related documents English Language " Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar. Speaking " Talking to others to convey information effectively. Active Learning " Understanding the implications of new information for both current and future problem-solving and decision-making. Active Listening " Giving full attention to what other people is saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times. Instructing " Teaching others how to do something. Judgment and Decision Making " Considering the relative costs and benefits of potential actions to choose the most appropriate one. Time Management " Managing one's own time and the time of others. Writing " Communicating effectively in writing as appropriate for the needs of the audience. Complex Problem Solving " Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions. Deductive Reasoning " The ability to apply general rules to specific problems to produce answers that make sense. Problem Sensitivity " The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem. Written Comprehension " The ability to read and understand information and ideas presented in writing. Inductive Reasoning " The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events). Information Ordering " The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations). Near Vision " The ability to see details at close range (within a few feet of the observer). Oral Comprehension " The ability to listen to and understand information and ideas presented through spoken words and sentences. Oral Expression " The ability to communicate information and ideas in speaking so others will understand. Speech Recognition " The ability to identify and understand the speech of another person. Speech Clarity " The ability to speak clearly so others can understand you. PHYSICAL DEMANDS Sitting up to 90% of time Walking and standing up to 10% of time Occasional lifting, stooping, kneeling, crouching and reaching. EQUAL EMPLOYMENT OPPORTUNITY LoanCare, its affiliates and subsidiaries, is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, disability, protected veteran status, national origin, sexual orientation, gender identity or expression (including transgender status), genetic information or any other characteristic protected by applicable law.OptionsApply for this job online Apply Share Email this job to a friend Refer Sorry the Share function is not working properly at this moment. Please refresh the page and try again later. Share on your newsfeed Loading... 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Keywords: Regional Recreation Corporation of Wood Buffalo, Virginia Beach , VP, Loss Mitigation, Other , Virginia Beach, Virginia

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