AVP, Loss Mitigation

Assistant Vice President, Loss Mitigation
It is the responsibility of the department to mitigate losses for the company by providing specialized servicing efforts on troubled loans. Loss Mitigation/Workout's activities are balanced by the need to comply with investor and insurer requirements, deal with specific mortgagor needs and hardships while controlling costs.
The Assistant Vice President, Loss Mitigation performs a variety of duties including overseeing the day to day operations, providing monthly status reports, interacting with various other company departments, investors and insurers and assisting and directing the staff as necessary.
Primary responsibilities include:

Ensure daily operations are completed accurately and timely.

Identify, develop and implement procedures and system enhancements to improve processes, applications and controls.

Direct, motivate and evaluate staff personnel as necessary. Provide guidance for staff, enforce company policy, including counseling and dismissal where warranted.

Act as key contact for outside vendors, service providers, investors and insurers.

Oversee the creation/distribution of monthly reports to senior management on portfolio status.

Oversee the interaction between Workout and other departments.

Communicate to senior management, as necessary, to support department operations.

Develop plans/budgets to meet the future growth requirements consistent with company forecasts.

Undertake special projects for the department on an as needed basis.
A successful candidate will have:

High school diploma or equivalent. BA degree in Business, Finance or related field or equivalent work experience.

Effective comprehension, listening, negotiation, presentation, interpersonal, verbal and written communication skills.

Ability to conceptualize and establish computer system operational and control enhancements.

Strong PC skills (Lotus Notes, AS400, Excel and Word).

Be flexible, self-motivated, and ability to multi task and organize workflow for most cost effective production while meeting deadlines.

Ability to work with people with varying degrees of understanding the processes and generate information in a manner that all will understand and be able to use the information.

Ability to motivate, evaluate, train, counsel, discipline and write job descriptions for assigned staff.

Skilled in abilities to form assigned staff into a successful, cost effective, goal meeting team and be a team player.

Ability to develop budgets, recommend staffing levels, set goals for department that enhance division and corporate goals.

Ability to work in a fast paced, priority-changing department and still accomplish goals and maintain budget approved by management.

7 to 9 years experience in a mortgage/banking, insurance or other related field

5 to 7 years of increasing responsibility in managing a department and direct supervisory experience.
An ideal candidate may also possess:

4 to 6 years experience in Loss Mitigation.

Knowledge of Access.

Please see Job Description