Loss Mitigation Specialist

The primary objective of the Loss Mitigation Specialist (LMS) is to limit PSFCU’s losses associated with delinquent and/or problematic loans. To achieve this objective, the LMS will be responsible for reviewing delinquent mortgage loans and identifying potential solutions for avoiding foreclosure after the standard collection process has been exhausted with the borrower. In cases where the borrower cannot repay the credit union and the CLO approves, the LMS will proceed with preparing the necessary documentation for recovering the outstanding debt through the sale or repossession of the real property or other collateral through foreclosure and/or repossession.