New

Loss Mitigation Workout Completion Specialist

TEKsystems
$23.16 / hr
life insurance, sick time, 401(k), retirement plan
United States, California, San Diego
Aug 13, 2025
Loss Mitigation Workout Closing Specialist Position Summary This role ensures the accuracy and completeness of borrower-executed documents, oversees final workout terms in the proprietary system (I5), and collaborates with internal departments to support timely and compliant loan processing. The specialist plays a key role in curing delinquencies, preparing loans for buyout, and maintaining regulatory and operational standards. Essential Duties and Responsibilities * Reconcile loan modifications to confirm capitalized amounts align with unpaid principal balances and approved workout terms * Perform quality control of funds movement, escrow balances, and advance setup in the system of record * Research, reconcile, reclassify, and remit corporate advances related to loss mitigation workouts * Submit workout settlements to investor systems (FNMA and FHLMC) and ensure internal systems reflect accurate workout documentation * Monitor FHA Payment Supplement accounts and process termination or cancellation requests * Clear delinquencies cured by workouts and confirm document readiness for recording * Complete FNMA reclassifications prior to finalizing workout terms in I5 * Prepare documentation for loans eligible for buyout, ensuring compliance and completeness * Assist in developing and refining procedures to improve workflow and operational efficiency * Identify process improvement opportunities and contribute to business performance initiatives * Stay current on industry regulations and recommend updates to internal policies and procedures * Adhere to Guild's information security policies and procedures Required Skills and Competencies * Strong organizational and analytical skills * Accurate data entry and documentation skills * Excellent customer service and interpersonal communication * Familiarity with Microsoft Office Suite and loan servicing software * Strong problem-solving and critical thinking abilities * Familiarity with document retention systems (e.g., Blitzdoc, ICE) preferred * 10-key by touch preferred Qualifications * Minimum of 2 years of mortgage servicing or loss mitigation experience required * High school diploma or equivalent required; bachelor's degree preferred * Working knowledge of FNMA, FHLMC, FHA, VA, and USDA loan documents * Understanding of federal debt collection laws, bankruptcy regulations, and legal document handling * Knowledge of CFPB, FCRA, FDCPA, and standard operating procedures preferred * Experience with collaborative cloud-based platforms and third-party software applications Pay and Benefits The pay range for this position is $23.16 - $23.16/hr. Eligibility requirements apply to some benefits and may depend on your job classification and length of employment. Benefits are subject to change and may be subject to specific elections, plan, or program terms. If eligible, the benefits available for this temporary role may include the following: * Medical, dental & vision * Critical Illness, Accident, and Hospital * 401(k) Retirement Plan - Pre-tax and Roth post-tax contributions available * Life Insurance (Voluntary Life & AD&D for the employee and dependents) * Short and long-term disability * Health Spending Account (HSA) * Transportation benefits * Employee Assistance Program * Time Off/Leave (PTO, Vacation or Sick Leave) Workplace Type This is a fully onsite position in San Diego,CA. Application Deadline This position is anticipated to close on Aug 18, 2025. h4>About TEKsystems: We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company. The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law. About TEKsystems and TEKsystems Global Services We're a leading provider of business and technology services. We accelerate business transformation for our customers. Our expertise in strategy, design, execution and operations unlocks business value through a range of solutions. We're a team of 80,000 strong, working with over 6,000 customers, including 80% of the Fortune 500 across North America, Europe and Asia, who partner with us for our scale, full-stack capabilities and speed. We're strategic thinkers, hands-on collaborators, helping customers capitalize on change and master the momentum of technology. We're building tomorrow by delivering business outcomes and making positive impacts in our global communities. TEKsystems and TEKsystems Global Services are Allegis Group companies. Learn more at TEKsystems.com. The company is an equal opportunity employer and will consider all applications without regard to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.