Loss Mitigation Specialist

We are Addition Financial, a member-owned, not-for-profit financial cooperative, offering comprehensive financial solutions that help members achieve their financial goals. Shareholder profits do not drive us and never have. Since 1937, we have been on a mission to bring financial success and education to everyone and make a positive impact in the lives of our members and the communities we serve. And we want your help to make that happen. We are looking for team members who not only want to do meaningful, challenging work, but who also have a heart for service. If this sounds like you, keep reading and we'll dive into the specifics!

Summary

The Hardship / Loss Mitigation Specialist is responsible for loan extensions and hardship-workout loan modifications.

Duties and Responsibilities

• Ensure compliance with the Real Estate Settlement Procedures Act (RESPA), the Equal Credit Opportunity Act (ECOA), Fair Lending Act and all guidelines.
• Remain abreast of current economic landscapes, member needs, and the financial position of the credit union.
• Review and process extension requests and loan modifications for all loan types due to member hardship or other reasons.
• Present modification proposals falling outside the approved waterfall matrix to the Workout Loan Committee for approval.
• Draft precise loan modification documents and coordinate with members to obtain signatures.
• Preparation and delivery of Adverse and / or Subsequent Action forms.
• Review and update various monitoring reports and identify issues or discrepancies.
• Address member inquiries promptly and professionally, providing accurate information and assistance as needed

Requirement :

Physical / Environmental Demands

Physical Demands :

Mental Demands :

Working with Us

We are continually recognized as a top employer because we understand people like you want more out of your career. Like making a difference in people’s lives and in the community. Being part of a team that supports each other. Feeling good about the time you spend at work each day. And being able to balance your life while also earning a competitive base salary and benefits, including :

At Addition Financial, we accept you for who you are. We are an equal opportunity employer and do not discriminate based on race, color, creed, religion, national origin, sex, marital status, age, protected veteran status, or disability / handicap with regards to recruitment, selection, placement, promotion, wages, benefits, and any other areas of employment. Personal perspectives and beliefs are what help our team members, and our company, grow as a whole and we seek to nurture that inclusiveness. We welcome our team members’ diverse viewpoints and work together so that everyone’s voices are heard. So, if you’re ready to take your career to the next level, Count Us In®.

Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities

This employer is required to notify all applicants of their rights pursuant to federal employment laws.

For further information, please review the Know Your Rights notice from the Department of Labor.