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Bank Of England Mortgage
Default Loss Mitigation Specialist
Entry-Level JobVerifiedNo experience needed
Career Insights for Credit / Loan Counselor
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Based on Arkansas data
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What they do
A Credit or Loan Counselor advises and educates individuals or organizations on acquiring and managing debt or qualifying for traditional loans. Guidance may include determining the best type of loan and explaining loan requirements or restrictions. May help develop debt management or credit issue plans. Can provide budget, mortgage or bankruptcy counseling.
$56,887 / year median in Arkansas
-10% projected decline
Job Description
Mortgage Servicing & Loss Mitigation Specialist Bank of England Mortgage Bank of England Mortgage is seeking a Mortgage Servicing & Loss Mitigation Specialist to join our team. This position works directly with borrowers to resolve delinquent mortgage accounts, evaluate available assistance options, and provide knowledgeable, responsive service throughout the process. This is an excellent opportunity for someone looking to build a career in mortgage servicing, as well as an experienced professional ready to expand their expertise in default servicing and loss mitigation. Related experience is preferred, but extensive mortgage experience is not required. What You ll Do Communicate with borrowers regarding delinquent mortgage accounts and help identify appropriate paths toward resolution. Assist borrowers with available loss mitigation options in accordance with investor, agency, regulatory, and company guidelines. Collect and review financial information and loss mitigation documentation for completeness and accuracy. Provide support related to mortgage payments, balances, escrow, insurance, taxes, and other servicing questions. Review account activity and servicing reports, identify required follow-up, and maintain accurate documentation. Manage multiple accounts and deadlines while providing professional, customer-focused service. Collaborate with internal teams to resolve issues and support positive customer outcomes. What We re Looking For High school diploma or GED required; college coursework or degree is a plus. Related experience in customer service, banking, financial services, mortgage, collections, loan servicing, insurance, escrow, or account management preferred. Strong verbal and written communication skills. Excellent organization, attention to detail, and follow-through. Ability to manage multiple priorities in a fast-paced environment. Strong judgment and professionalism when handling sensitive customer situations. Proficiency with Microsoft Office and the ability to learn mortgage servicing systems. Mortgage servicing, default, escrow, or loss mitigation experience is a plus. Knowledge of mortgage investor, agency, or regulatory requirements is a plus. What Makes Someone Successful Here You ll thrive in this role if you are customer focused, organized, accountable, detail oriented, and eager to learn. You can listen to a customer s situation, communicate options clearly, take ownership of the next steps, and follow through accurately. For candidates earlier in their careers, this role provides an opportunity to develop specialized knowledge in mortgage servicing, loss mitigation, escrow, and regulatory compliance. Experienced candidates can apply and expand their existing mortgage and financial-services expertise.