Stretto Logo

Stretto

Mitigator III - DEFAULT MITIGATION MANAGEMENT

Reposted 12 Days Ago
Be an Early Applicant
Remote
Hiring Remotely in United States
65K-80K Annually
Mid level
Remote
Hiring Remotely in United States
65K-80K Annually
Mid level
Manages mortgage modification cases from intake through resolution, including borrower interviews, document validation, loss mitigation submissions, portal administration, deadline tracking, conferences, compliance documentation, court filings, and trial modification oversight. Maintains confidential case records, prepares reports, identifies noncompliance, coordinates with legal and financial stakeholders, and trains team members on procedures and quality standards.
The summary above was generated by AI
Summary

The Mitigator III manages mortgage modification program cases from intake through final resolution. This role gathers and validates borrower and case information, prepares and reviews loss mitigation submissions, administers Portal activity and deadlines, facilitates communications and conferences, documents compliance, prepares required reports and court filings, and maintains complete and confidential case records. The Mitigator III serves as a knowledgeable, neutral point of coordination for borrowers, counsel, creditors and servicers, trustees, and the Court, while training and supporting team members in established procedures.

Essential Duties and Responsibilities

1. Manage assigned mortgage modification program matters from intake and case setup through final resolution.

2. Schedule and conduct client interviews; gather and validate required bankruptcy, household, employment, income, expense, and mortgage information; and assist with applications, questionnaires, and forms.

3. Review data and supporting documentation for completeness, accuracy, and currency, and promptly resolve missing, stale, inconsistent, or incorrect information.

4. Prepare, assemble, and quality-control Initial MMP Packages and other loss mitigation submissions; upload documentation through the Portal; and coordinate required notices and court filings.

5. Apply MMP rules, procedures, forms, deadlines, participant responsibilities, creditor documentation requirements, and available loss mitigation options when guiding participants and administering cases.

6. Support access to and use of the Court-approved Portal and Document Preparation System, troubleshoot workflow questions, and create or update user guides and support materials.

7.  Monitor Portal communications, case activity, participant obligations, and case-specific deadlines, taking appropriate action to keep each matter progressing toward a decision.

8. Prepare for, schedule, and conduct MMP conferences as needed; coordinate with parties and counsel; issue required advance notice; and document conference activity in the Portal.

9. Identify and objectively document non-compliance, preserve supporting evidence, prepare required certificates and reports for Court review, and escalate delays, unresolved disputes, or failures to prosecute.

10. Monitor trial loan modifications through execution of a final modification or denial, maintaining appropriate Portal access and case oversight throughout the trial period.

11. Maintain complete and confidential case notes, ECF updates, status records, reports, correspondence, and other program documentation; coordinate with approved outside professionals when directed.

12. Train, coach, and supervise team members on assigned procedures, quality standards, and workflows, and maintain supporting process and training documentation.

13. Work independently, manage a high-volume caseload and competing deadlines, support required operating coverage, and complete assigned projects and operational reporting.

Education and/or Work Experience Requirements
  • College degree required.
  • Professional experience working with attorneys, courts, creditors and servicers, trustees, customers, and other stakeholders.
  • Mortgage loss mitigation knowledge is essential; prior experience as a Loss Mitigation Specialist is preferred.
  • Bankruptcy, legal support, court-program, mediation-program, paralegal, or comparable regulated case-administration experience is strongly preferred.
  • Demonstrated experience managing deadlines, case workflows, document exchanges, quality-control review, and electronic court filing or docket-review processes, including ECF/PACER-related workflows.
Knowledge, Skills, and Competencies
  • Advanced knowledge of mortgage loss mitigation, including loan modification, refinance, forbearance, short sale, surrender, mortgage financial instruments, income validation, documentation requirements, and program eligibility terms.
  • Working knowledge of Chapter 13 bankruptcy and MMP procedures, with the ability to interpret and follow Court orders, local procedures, deadlines, and required forms.
  • Ability to remain neutral, professional, and process-focused while communicating procedural requirements clearly to consumers, attorneys, creditors and servicers, trustees, and the Court.
  • Exceptional case-management skills, including deadline tracking, documentation control, quality assurance, issue escalation, and management of a high-volume caseload.
  • Strong judgment and attention to detail, including the ability to identify non-compliance, document facts objectively, and prepare accurate court-facing reports and compliance documentation.
  • Proficiency with Microsoft Office, Adobe Acrobat or equivalent PDF software, electronic document management, the Portal, and related case-management systems.
  • Ability to train, coach, and supervise others and to develop and maintain procedure guides, training materials, and user support documentation.
  • Self-directed and accountable, with the ability to prioritize competing demands, meet deadlines, and work effectively across required operating hours.

 

Why Join Stretto?

At Stretto, you’ll be part of a collaborative team that’s dedicated to innovation, excellence, and growth. You’ll have the opportunity to shape the direction of a rapidly expanding business unit while making a direct impact on the legal community.

 

The Company’s salary ranges are determined by role, level, location and alignment with market data. Individual pay is determined through interviews and an assessment of various factors, including job-related skills, relevant education and experience, abilities of the applicant, and equity with other team members. The salary range listed here is subject to change at any time, at the Company’s discretion, and does not alter in any way the at-will nature of the employment relationship.

 

Stretto offers a competitive and comprehensive benefits package, along with opportunities for growth. We are an equal opportunity employer encouraging diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, national origin, gender, age, religion, disability, sexual orientation, veteran status, marital status or any other characteristics protected by law.

Similar Jobs

An Hour Ago
Easy Apply
Remote
United States
Easy Apply
204K-290K Annually
Senior level
204K-290K Annually
Senior level
Big Data • Fintech • Mobile • Payments • Financial Services
Lead frontend technical strategy for Affirm’s checkout decision orchestration systems. Design and architect scalable web applications, guide major technical initiatives, improve reliability and operational processes, establish engineering quality standards, collaborate with product, design, and analytics, and mentor engineers. The role focuses on building fast, clear, and reliable checkout experiences using modern declarative UI frameworks.
Top Skills: JavaScriptReactTypescriptVue
2 Hours Ago
Remote or Hybrid
45K-85K Annually
Junior
45K-85K Annually
Junior
Artificial Intelligence • Fintech • Insurance • Marketing Tech • Software • Analytics
Handle inbound calls and warm leads, consult customers on insurance needs, recommend appropriate Property and Casualty coverages, and convert prospects into policyholders. The role includes paid training and licensing support, remote work, commission opportunities, and a schedule covering four weekdays and one weekend day. Candidates need sales or service experience, strong communication and persuasion skills, PC proficiency, and the ability to obtain a Property and Casualty license.
Top Skills: PcWired High-Speed Internet
3 Hours Ago
In-Office or Remote
300K-350K Annually
Entry level
300K-350K Annually
Entry level
Information Technology • Software • Financial Services • Big Data Analytics
Conduct quantitative research for investment strategies using advanced statistical and mathematical modeling, machine learning, data analysis, portfolio optimization, and algorithm development. Build predictive models and analyze price formation, risk, and financial market drivers. Collaborate with researchers, engineers, and traders to develop scalable systems and solve real-world investment problems.
Top Skills: C++Machine LearningPython

What you need to know about the Chicago Tech Scene

With vibrant neighborhoods, great food and more affordable housing than either coast, Chicago might be the most liveable major tech hub. It is the birthplace of modern commodities and futures trading, a national hub for logistics and commerce, and home to the American Medical Association and the American Bar Association. This diverse blend of industry influences has helped Chicago emerge as a major player in verticals like fintech, biotechnology, legal tech, e-commerce and logistics technology. It’s also a major hiring center for tech companies on both coasts.

Key Facts About Chicago Tech

  • Number of Tech Workers: 245,800; 5.2% of overall workforce (2024 CompTIA survey)
  • Major Tech Employers: McDonald’s, John Deere, Boeing, Morningstar
  • Key Industries: Artificial intelligence, biotechnology, fintech, software, logistics technology
  • Funding Landscape: $2.5 billion in venture capital funding in 2024 (Pitchbook)
  • Notable Investors: Pritzker Group Venture Capital, Arch Venture Partners, MATH Venture Partners, Jump Capital, Hyde Park Venture Partners
  • Research Centers and Universities: Northwestern University, University of Chicago, University of Illinois Urbana-Champaign, Illinois Institute of Technology, Argonne National Laboratory, Fermi National Accelerator Laboratory

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account