Jonathan Hernandez
Miami Lakes
Summary
Resourceful Loss Mitigation Specialist recognized for high productivity and efficient task completion. Specialize in risk assessment, negotiation strategies, and regulatory compliance to minimize losses effectively. Excel in communication, problem-solving, and decision-making, ensuring optimal outcomes in challenging situations.
Overview
10
10
years of professional experience
Work History
Home Solutions Senior Associate / Single Point
Rushmore Loan Servicing
Coral Gables
08.2022 - Current
- Analyze portfolios and determine a strategy to execute workload size of the assigned portfolio
- Identify the borrower’s current and potential future financial situation to effectively predict and plan for all financial scenarios
- Responsible for the completion of compliance related tasks in order to meet SLA (Service Loan Agreement) guidelines
- Determine when to recommend exceptions to investors for workouts whose structures fall outside of normal guidelines
- Secure and preserve the value of properties which serve as collateral for loans
- Propose solutions to meet the borrower’s intentions while maximizing loss mitigation to investors within their guidelines
- Follow and abide by the company and investor guidelines when obtaining, reviewing, and verifying completed financial information from borrowers
- Work closely with the appropriate departments to keep loan files up to date
- Move deals through the loss mitigation pipeline and ensure conditions are met for modifications and other workout plans
- Assist in training new hires to learn different aspects of the job and Loss Mitigation guidelines
Asset Manager
Community Loan Servicing
Coral Gables
08.2021 - 08.2022
- Researched and analyzed borrowers' financial information to determine eligibility for loan modification programs.
- Developed and implemented strategies to maximize loss mitigation opportunities with delinquent borrowers.
- Negotiated repayment plans with delinquent borrowers in accordance with company policies and procedures.
- Reviewed foreclosure alternatives such as short sales or deeds in lieu of foreclosure.
- Analyzed borrower's overall financial situation to ensure that they are able to maintain their mortgage payment after a loan modification is completed.
- Monitored delinquency trends on assigned portfolio of loans while maintaining current knowledge of investor guidelines and government regulations.
- Maintained accurate records of all activities related to loan modifications including communication with customers, lenders, attorneys.
- Generated reports reflecting performance metrics such as Loan Modification Acceptance Rate, Denial Rate.
- Worked closely with internal departments such as Servicing, Underwriting and Legal teams to ensure compliance with applicable laws and regulations.
- Collaborated with external vendors such as title companies, appraisers, real estate brokers and agents when necessary.
- Managed multiple tasks simultaneously while meeting established deadlines for completion of assignments.
Payment/Payoff Processor
Bayview Loan Servicng
Coral Gables
03.2017 - 08.2021
- Assisted in the establishing of new procedures in order to make the processing of loan statements more efficient
- Assisted in the creation of various Ad Hoc Reports for senior management that track and analyze all aspects of payoff process
- Assisted in the creation of an automated system within servicing platform (LPS Director) to generate and fax out loan statements automatically from the system
- Helped establish training guidelines and created training manuals for all new hires in the payoff department
- Reconcile, analyze and balance various General Ledger accounts to ensure all deal transfers made have been accurate
- Review and process all payments that are made on commercial and residential loans
- Review and process all final payoffs and closing out of mortgages
- Process disbursement of refunds to be sent out to consumers
- Work closely with all business units for all ongoing processes to ensure requests and payments are completed accurately and in a timely manner
- Evaluate all incoming documents and assist business partners to resolve all issues
- Perform regular audits on processes and ensure compliance of all requirements
- Experienced in LPS Director (MSP), Lotus Notes, Servicing Director, Oracle, Citrix & Black Knight
- Experienced in working with all government sponsored loans (FHA, FNMA, FHLMC, Etc.).
Accounts Payable Specialist
Fisk Electric
Hialeah
03.2015 - 11.2015
- Decreased company-wide expenditure on materials by suggesting to management and instructing them on how to make use of the n/10 discounts being offered to the company
- Implemented a scanning process in order to make the looking up of necessary files much quicker and easier
- Restructured process for the creation of Purchase and Change Orders to make it more efficient
- Used prior experience to help streamline the accounts payable process by eliminating redundant steps and adjusting others
- Sorted, coded, matched and processed invoices for payment in system (JD Edwards)
- Reviewed and verified invoices and check requests
- Tracked company expenses and processed expense reports
- Reconciled vendor accounts to ensure payments are accurate and up to date
- Researched and resolved invoice discrepancies and issues in a timely manner
- Maintained contact with vendors and responded to their inquiries
Education
Florida International University - Hospitality Revenue Management
Florida International University
08.2016
Skills
- Bankruptcy knowledge
- Relationship Management
- Financial History Analysis
- Analytical Thinking
- Portfolio Management
- Foreclosures experience
Languages
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
swipe to browse
Timeline
Home Solutions Senior Associate / Single Point
Rushmore Loan Servicing
08.2022 - Current
Asset Manager
Community Loan Servicing
08.2021 - 08.2022
Payment/Payoff Processor
Bayview Loan Servicng
03.2017 - 08.2021
Accounts Payable Specialist
Fisk Electric
03.2015 - 11.2015
Florida International University - Hospitality Revenue Management
Florida International University
Similar Profiles
Megan OBrienMegan OBrien
Mortgage Default Specialist at Rushmore Servicing /Mr Cooper/Right Path ServicingMortgage Default Specialist at Rushmore Servicing /Mr Cooper/Right Path Servicing
Carla GuillenCarla Guillen
Foreclosure Timeline Specialist at Mr. Cooper Mortgage/Rushmore ServicingForeclosure Timeline Specialist at Mr. Cooper Mortgage/Rushmore Servicing
Dalitza LópezDalitza López
Home Solutions II Manager at Mr. Cooper- Rushmore ServicingHome Solutions II Manager at Mr. Cooper- Rushmore Servicing
Frank IribarFrank Iribar
Volunteer at Cognitive Health NetworkVolunteer at Cognitive Health Network
CESAR A. PAVONCESAR A. PAVON
Student Lab Worker at Wayland Baptist UniversityStudent Lab Worker at Wayland Baptist University