Loss Mitigation Specialist
Lafayette Federal Credit UnionRockville, Maryland, United States
Posted October 15, 2025
52621 - 57849 USD year
Full Time
About the Company
Lafayette Federal Credit Union is a community-focused financial institution recognized as a top workplace, dedicated to providing financial services and support to its members while striving to become the premier financial partner for its community.
Job Description
Lafayette Federal Credit Union is seeking a Loss Mitigation Specialist to join their team. This role involves reviewing and recommending loans for extensions and/or workouts, providing comprehensive financial assessment of members, and serving as a support to the Mortgage, Bankruptcy, and Charge Off Specialists. Lafayette Federal is a top-rated credit union with a growing and supportive culture.
Requirements
- Review and prepare files for the Loss Mitigation Committee
- Monitor accounts for compliance with agreed-upon action steps
- Review third-party debt management cases
- Follow up with members and mortgage collection queues
- Maintain confidentiality
Benefits
- Employer paid health insurance
- 401k employer matching contribution
- Education assistance
- Commuter benefits program
- Paid time off
- Income protection
- Holiday leave
