Late Stage Collections Specialist I at Carrington… · Westfield

Summary: Carrington Holding Company, LLC is seeking a Late Stage Collections Specialist I to join their team. This role involves counseling borrowers on methods for bringing their loans current and exploring alternative solutions, while ensuring compliance with all applicable regulations. Responsibilities: - Explains detailed mortgage loan information to borrowers including the HUD Waterfall, mortgage loan information and loan workout and modification options to borrowers - Evaluates and helps determine the borrower’s ability to pay, and collects appropriate financial information in a courteous and professional manner, striving for first-call resolution and in compliance with all applicable regulations - Counsels borrowers on their options through education of alternative solutions - Contacts borrowers, utilizing an automated dialing system (Aspect Dialer) for both inbound and outbound calls and conducts manual outbound calls - Provide alternatives to borrowers who demonstrate the ability and or inability to pay, by offering loan modifications, short sales, Deed in Lieu of Foreclosure, and/or possible refinancing - Negotiate reasonable payment arrangements with borrowers, assembles and provides the required documents to complete a borrower “Request for Mortgage Assistance” package in compliance with department policies and procedures - May function as the single point of contact for a borrower - May need to escalate borrowers to a licensed Loss Mitigation associate for specific workout details - Provide status on payments and payoff inquiries; review short sale requests; provide vendor information on Real Estate Owned (REO) properties; verify payment history and new servicer contact information; process payments - Assist with loan servicing website payments, denied access, password resets - Respond to escrow, loss draft and closing document inquiries - Provide status on a wide variety of loan servicing functions including loss draft, short sale, Deed in Lieu of Foreclosure, modification/refinance requests, payment/credit disputes, escrow refunds, vendors for REO properties, repayment plans, and down payments on foreclosure pending mortgages - Knowledge of or ability to learn requirements of the Fair Debt Collection Practices Act - Knowledge of relevant and industry-specific computer software packages - Strong verbal communication skills – ability to express or exchange ideas by means of the spoken word, communicating orally with others accurately, audibly, and quickly - Basic to Intermediate math skills (i.e., add, subtract, multiply, and divide and to record, balance, and check results for accuracy) - Ability to understand basic collection issues and to collaborate and explore alternative solutions - Ability to apply state, federal and company requirements and make proper decisions - Ability to organize thoughts and ideas into understandable terminology Required Qualifications: - High school diploma or equivalent work experience - Less than one (1) year collections experience in a customer service/call center environment and /or loan servicing experience - Knowledge of or ability to learn requirements of the Fair Debt Collection Practices Act - Knowledge of relevant and industry-specific computer software packages - Strong verbal communication skills – ability to express or exchange ideas by means of the spoken word, communicating orally with others accurately, audibly, and quickly - Basic to Intermediate math skills (i.e., add, subtract, multiply, and divide and to record, balance, and check results for accuracy) - Ability to understand basic collection issues and to collaborate and explore alternative solutions - Ability to apply state, federal and company requirements and make proper decisions - Ability to organize thoughts and ideas into understandable terminology Preferred Qualifications: - Experience in the Banking, Mortgage/Loan Servicing industries Required Skills: Mortgage loan information, Loan workout and modification options, Financial information collection, Automated dialing system (Aspect Dialer), Loan modifications, Short sales, Deed in Lieu of Foreclosure, Refinancing, Request for Mortgage Assistance package, Loan servicing website payments, Fair Debt Collection Practices Act, Banking industry knowledge, Mortgage/Loan Servicing industry knowledge Benefits: Comprehensive healthcare plans for you and your family., A discretionary 401(k) match of 50% of the first 4% of pay contributed., Access to several fitness, restaurant, retail (and more!) discounts through our employee portal., Customized training programs to help you advance your career., Employee referral bonuses so you’ll get paid to help Carrington and Vylla grow., Educational Reimbursement., Carrington Charitable Foundation contributes to the community through causes that reflect the interests of Carrington Associates.