Sr Analyst, Loss Mitigation
Summary PenFed is hiring a Senior Analyst, Loss Mitigation. The primary purpose of this job is to underwrite financial hardship requests; analyze loan files to determine compliance with PenFed, investor, and VA guidelines; and, ensure the acceptability of collateral. Essential Functions Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties and the position will perform other duties as assigned.
Perform loan reviews of hardship requests for real estate and consumer loans to verify that PenFed, FNMA, VA, CFPB and FHA underwriting guideline requirements have been met, as evidenced by the documentation in the loan file.
Underwrite real estate applications, including loss mitigation/financial hardship applications.
Verify all required documents are present or have been completed as required. Validate system completion to ensure adherence to all policies.
Follow up with all loan modification documents for pertinent signatures and recording, if needed.
Notate all activity and interaction with member in the appropriate systems (Fiserv, Penguin, FDR, Unifi, Nautilus).
Assist with the development and implementation of real estate underwriting guidelines, training documentation, and classes for the department.
Create reports of loan reviews for Lending Services management.
Sort and distribute incoming mail to receive and respond to financial hardship related correspondence and answer member inquiries.
Bachelor’s Degree in business, accounting, finance, or other related field is preferred; a combination of education and experience will be considered in lieu of a degree.
Minimum of five (5) years’ experience in Loss Mitigation is required.
Maintain a current knowledge of federal and state regulations concerning real estate related lending.
This position will mentor new members of the Loss Mitigation team however there are no supervisory responsiblities.
Bending, Stretching or Reaching
Talking on the phone, person-to-person & in group
XHearing on the phone, person-to-person & in group
XVision for near, mid-range, far, peripheral, depth and color
XUse of computer
XUse of telephone
XUse of office equipment
XPushing/pulling/lifting/ carrying from 5 to 50 lbs.
Travel Local travel to various worksites is required. Competencies – To perform the job successfully, an individual should demonstrate the following competencies to perform the essential functions of this position.
- Customer/Client Focus.
- Ethical Conduct.
- Personal Effectiveness/Credibility.
- Interpersonal Skills
- Oral Communication Skills
- Problem Solving Skills
- Ability to Maintain Confidentiality
- Written Communication Skills
- Quality control
- Safety and Security