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Modification Closing Coordinator in Lake Zurich, IL at Dovenmuehle

Date Posted: 6/1/2018

Job Snapshot

Job Description


Assists the Loss Mitigation Closing Specialists with the closing of workouts for the Loss Mitigation Department.

Responsibilities include, but are not limited to, the following:

  • Assist with review of files to assure all required documents are present so closing documents can be prepared
  • Assist with preparation of various agreements pertaining to workouts, (i.e. modifications, repayment plans, forbearance agreements, FHA Partial Claims); forward agreements to mortgagors for signature
  • Assist with preparation of file for final closing and claim processing
  • Update the Loss Mitigation Workstation as required for each individual workout; also update Excel pipeline spreadsheet
  • Answer incoming calls on the Loss Mitigation '800' number
  • Provide documentation to various departments to complete the updating of modifications (Investor Accounting, Cash, Escrow, Customer Service)
  • Monitor the Loss Mitigation Workstation loans in suspense and close completed workouts from the workstation monthly
  • Responsible for assuring modification agreements are recorded and properly filed

Job Requirements

Job requirements:

  • Real estate, mortgage banking, general office background
  • LPS knowlege a plus; good PC skills
  • Good communication, interpersonal, and organizational skills required; ability to handle multiple tasks effectively


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