Loss Mitigation Specialist

Early-Stage Collections & Loss Mitigation Specialist

Richmond, VA (100% onsite) Long-term Contract-to-hire

Overview

Seeking a customer-focused specialist to collect payments on early-stage mortgage accounts (12 months past due), resolve issues, and set up repayment plans. This role also handles inbound loss mitigation calls and discusses available options with borrowers, ensuring accurate documentation in the MSP Servicing System and adherence to FHA / Client / Freddie Mac / VA / USDA default servicing guidelines.

Responsibilities

• Make outbound and handle inbound calls to borrowers 3060 days past due; collect payments and negotiate payment arrangements.
• Take phone payments and set up structured repayment plans consistent with investor / insurer guidelines.
• Handle inbound loss mitigation calls; explain options, gather information, and route / record as appropriate.
• Assess borrower circumstances, identify root causes of delinquency, and work toward timely resolution.
• Document all borrower interactions, promises to pay, and outcomes accurately in MSP.
• Adhere to applicable servicing and default guidelines; follow internal policies and quality standards.
• Meet performance metrics for right-party contacts, cure rates, and call quality while maintaining excellent customer service.

Knowledge and Skill Requirements

Schedule

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.