Previous Job
Loss Mitigation Coordinator
Ref No.: 23-01474
Category: Experienced Professional
Location: Stevens Point, Wisconsin
Position Type:Right to Hire
Start Date: 03/06/2023
Genesis10 is currently seeking a Loss Mitigation Coordinator working with a bank in Stevens Point, WI.  This position will work 100% onsite.  

  • Under limited supervision, initiate loss mitigation and work out resolutions with the borrower, investor, and PMI companies on real-estate and consumer loans.
  • Monitor and maintain accurate account information on all accounts and initiate legal action as required. Judgment skills are critical as well as an ability negotiate with borrowers, to interact with outside professionals and other departments of client.
  • General banking with knowledge of bank policies, procedures and products required.
  • Thoroughly review individual financial statements including a detailed list of monthly bills, taxes/pay stubs, retirement accounts, checking and savings account statements, credit bureaus and hardship letters following the set procedures and guidelines to determine the customer's workout options.
  • Counsel the customer on ways to maintain an acceptable budget.
  • Maintain or exceed acceptable goal levels of completed Loss Mitigation cases set by Client/FHLMC.
  • Report all completed Loss Mitigation cases for proper credit.
  • Protect the bank and customer from unnecessary exposure to loss. Identify through individual detailed financial analysis a recommendation to maximize the revenue, limit charge off, non-accrual, repossession, and foreclosure, while retaining customer satisfaction.
  • Respond, research, resolve, track, report and follow up on Loss Mitigation cases and their outcome.
  • Prepare and issue proper documents to the customer to obtain necessary Loss Mitigation information.
  • Respond promptly to a wide variety of telephone calls, written inquiries and requests.
  • Analyze and determine whether or not the customer is a good candidate for Loss Mitigation.
  • Communicate information and direct documentation to attorneys, title companies, PMI companies, investors and bank customer service personnel to effectively maximize Loss Mitigation opportunities.
  • High School Diploma or equivalent
  • General banking with knowledge of bank policies, procedures and products required.
Compensation is $18-21.00 per hour.

If you have the described qualifications and are interested in this exciting opportunity, apply today!

Ranked a Top Staffing Firm in the U.S. by Staffing Industry Analysts for six consecutive years, Genesis10 puts thousands of consultants and employees to work across the United States every year—in contract, contract-for-hire, and permanent placement roles. With more than 300 active clients, Genesis10 provides access to many of the Fortune 100 firms and a variety of mid-market organizations across the full spectrum of industry verticals.
Benefits of Working with Genesis10:
• Access to hundreds of clients, most who have been working with Genesis10 for 5-20+ years.
• The opportunity to have a career-home in Genesis10; many of our consultants have been working exclusively with Genesis10 for years.
• Access to an experienced, caring recruiting team (more than 7 years of experience, on average.)
• Medical, Dental, Vision
• Health Savings Account
• Voluntary Hospital Indemnity (Critical Illness & Accident)
• Voluntary Term Life Insurance
• 401K
• Sick Pay (for applicable states/municipalities)
• Commuter Benefits (Dallas, NYC, SF)
• Remote opportunities available

For multiple years running, Genesis10 has been recognized as a Top Staffing Firm in the U.S., as a Best Company for Work-Life Balance, as a Best Company for Career Growth, for Diversity, and for Leadership, amongst others. To learn more and to view all our available career opportunities, please visit us at our website.
Genesis10 is an Equal Opportunity Employer. Candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran