Loss Mitigation Supervisor

  Who is Cenlar? You are.   Employee-owners have made Cenlar one of the nation’s largest mortgage subservicers. We have achieved success by empowering people with company ownership, real programs that provide avenues for advancement, and a great atmosphere that makes everyone look forward to the workday. Get your share of our success by considering the opportunity to join our team as a Loss Mitigation Supervisor.   Within this position you will: Work with borrowers, both written and orally, through workout negotiations in an attempt to mitigate foreclosure/REO avoidance/losses.  Review financial statements, listing contracts, agreement of sale, closing costs, and settlement sheets for accuracy, and guideline compliance and determine alternative resolutions when needed. Work closely with Loss Mitigation Manager in determining and implementing loss mitigation techniques, inclusive of but not limited to, short sales, loan modifications, special formal forbearance plans, deed-in-lieu, hardship assumptions, and partial claim payments. Maintain extensive and up-to-date knowledge with respect to loan type, investor, and PMI requirements. Implement loan workout techniques that are in compliance with guidelines including monitoring and solicitation of 30, 60, and 90+ day accounts, as well as, foreclosure and bankruptcy cases. Productive use of workstations to fully update and document in detail the loan workout activity. Effectively transmit workout loan summary particulars to investors and routinely follow-up for outcome. Disburse payments to various vendors associated with Loss Mitigation activities. Create and update managerial detail reports/spreadsheets pertinent to the workout function and progress of loans on a monthly basis. Maintain accurate records and delinquency reporting requirements for investors. Perform other related duties as required and assigned by management.

Job Requirements:
To qualify, you must possess: High school education Minimum of 3-5 years in a default/loss mitigation environment Strong communication skills, both verbal and written Strong negotiating and follow-up skills Ability to meet strict deadlines Ability to work with minimal to moderate supervision Knowledge of regulatory requirements a plus   We offer outstanding benefits which may include paid medical/dental/life insurance, 401k, employee ownership, tuition assistance, a supportive work environment, and genuine opportunities for advancement. We are conveniently located off I-95 in Mercer County, New Jersey. Cenlar is a Drug Free Workplace and an Equal Opportunity Employer.   Please apply online. Your resume must include salary history.   Visit www.cenlar.com for more details. Find out what it means to be an employee-owner at Cenlar.   Additional Information: Employee Ownership and Tuition Assistance are just a few of our outstanding benefits!   Contact Information: hr@cenlar.com Cenlar FSB 425 Phillips Boulevard Ewing, NJ 08618 Phone: 1-877-7CENLARJob Code : 1080 Division/Department : Cenlar FSB Travel Required : None