Loss Mitigation Director

Make a strategic move and join the 3rd fastest growing Mortgage Lender in the country! Mortgage Lenders Network is a privately held, full service mortgage banking company. We provide an impressive list of industry leading mortgage products both directly to the consumer and through the mortgage brokerage community.

Our culture encourages employees to seek out the best way to get things accomplished and allows the freedom to make decisions that directly impact the performance of the company. Employee contributions are acknowledged and rewarded. As Mortgage Lenders Network continues to grow, we seek solid candidates with an entrepreneurial spirit and an interest in growing and expanding their careers with us!

We provide the tools and training you'll need to succeed, including our own MLN University, and comprehensive, competitive benefits programs for employees and their families. We are committed to equal employment opportunity and encourage an environment that promotes the understanding of and an appreciation for the value of diversity within the organization and our customer and vendor base.

Responsible for handling customer collection issues, maintaining control of 30-day plus delinquency and providing well-trained and professional employees with the opportunity for career advancement.
Trains/develops/evaluates Loss Mitigation and Collections personnel to become highly skilled servicing professionals.
Devises/implements procedures to mitigate losses through creative, effective and efficient default management.
Insures timely/effective completion of appropriate loss mitigation and bankruptcy action on defaulted loans.
Develops and monitors effective/meaningful Loss Mitigation reports in order to analyze and manage the activity and results of the department.
Monitors/manages activities and expenses of realtors, field service companies and other outside professionals.
Implements procedures/practices to maximize MLN profitability and insure compliance with state and federal laws.
Provides senior management with regular reports and special data, as requested, and assists in developing marketing and acquisition strategies for divisional growth and development.Works with the Default Servicing Center and the Payment Processing Department to provide effective and efficient loss mitigations results. This includes maintaining clear and consistent communication between the departments.

Education:Bachelors Degree or Equivalent work experience.
Experience/Training:Five years of multi-state default management experience, which includes at least 2 years of collection and loss mitigation experience. Previous direct management of loss mitigation personnel required.
Skills: Strong written/verbal communication skills; basic mortgage industry knowledge, including underwriting; proven leadership and management skills; good technical skills.