Pretium is a specialized investment manager with ~$53.1 billion in assets under management focused on real estate, mortgagefinance and corporate debt. Pretium manages more than 80,000 single-family rentals (SFRs) in the United States and has an
employee base of ~3,900 globally as of March 31, 2022.
Pretium Enterprise Service India (PES India) is a subsidiary of Pretium Partners, LLC. With expert business service capabilities, PES
India provides services to Pretium and its operating and portfolio companies, Progress Residential, Selene Finance, Deephaven
Mortgage and Anchor Loans. PES India is integral to the growth, innovation and transformation of Pretium. We partner with our
stakeholders to rapidly unlock value for their customers, delivering with excellence and ownership.

Job Details

Job Title

Loss Mitigation Intake Specialist

Direct Supervisor

Manager

Function

SS Mod Underwriting

Salary Range

Per industry standard

Position Type

Full Time

Location

Bangalore

Allowances

Shift allowance

Weekend Allowance

Role Summary

The Loss Mitigation Intake Specialist reviews and evaluates the loss mitigation financial packages received by borrowers and authorized third parties. They ensure timely compliance with CFPB regulation by managing a portfolio of loans.

External Interfaces

Internal Interfaces

·         Vendors

·         PES India Management Team

·         Support (HR, IT, Administration, Facilities & Finance)

·         Other relevant teams of the organization

Job Requirements

Education

·         Any Bachelors Degree 

Relevant Experience

·         Two to four years' related experience and/or training required.

·         Loan servicing/origination knowledge

Technical Know-how/Tools used

·         Working knowledge of and experience with Microsoft Office (Word, Excel, and Outlook).

·         Previous experience with MSP, Black Knight/LPS and Fiserv preferred.

Behavioural Skills

·         Adaptability - Adapts to changes in the work environment. Manages competing demands. Changes approach or method to best fit the situation. Able to deal with frequent change delays, or unexpected events.

·         Business Ethics - Treats people with respect. Keep commitments. Inspires the trust of others. Works with integrity and ethically. Upholds organizational values.

·         Communications - Expresses ideas and thoughts verbally. Expresses ideas and thoughts in written form. Expresses ideas and thoughts in written form. Exhibits good listening and comprehension. Keeps others adequately informed. Selects and uses appropriate communication method.

·         Customer Service - Displays courtesy and sensitivity. Manages difficult or emotional customer situations. Meets commitments. Responds promptly to customer needs. Solicits customer feedback to improve service.

·         Dependability - Responds to requests for service and assistance. Follows instructions, responds to management direction. Takes responsibility for own actions. Commits to doing the best job possible. Keeps commitments. Meets attendance and punctuality guidelines.

·         Teamwork - Balances team and individual responsibilities. Exhibits objectivity and openness to others' views. Gives and welcomes feedback. Contributes to building a positive team spirit. Puts success of team above own interests.

Roles & Responsibilities

Operational Excellence

• Determines who is requesting a modification, what type of financial documents are required, and understands mortgage loan documents. 
• Updates and maintains a portfolio of loans to ensure CFPB timeline compliance is in accordance with Selene and private label requirements.
• Reviews and uploads the standard financial documents required to underwrite a file.
• Works closely with all levels of internal personnel throughout the loan modification intake process.
• Escalates facially completed financial package for underwriting review.
• Updates multiple screens in Selene’s system of record.

Stakeholder Management

1.     Liaise with the operations team, vendor management team, and auditors to resolve any exception, as and when required

2.     Communicate with US team members and local leaders to resolve issues and maintain a smooth flow of processes

Governance & Compliance

1.     Establish proper records, approvals, documentation, and audit trails for all transactions

2.     Ensure adherence to the implementation of effective governance, compliance, and risk management frameworks

3.     Manage issues to mitigate impact and risk by early detection of risk items & active team involvement

Key Result Areas

• Updates and maintains a portfolio of loans to ensure CFPB timeline compliance is in accordance with Selene and private label requirements.
• Reviews and uploads the standard financial documents required to underwrite a file.