Installment loan collector vs loss mitigation specialist

Differences between installment loan collector and loss mitigation specialist duties and responsibilities

Installment loan collector example responsibilities.

• Monitor all assign accounts by reviewing the client's aging, manage all potential bad debit, DSO, aging.
• Review and verify insurance, Medicare and/or Medicaid accounts against third party billing program provisions and procedures.
• Secure modification documents including HAMP and bank require documents.

Loss mitigation specialist example responsibilities.

• Manage internal team SharePoint and document repository.
• Document accurate loss mitigation reviews and foreclosure details via MSP.
• Submit Medicare claims through DDE.
• Deal with Nielsen and Rentrak to monitor advertiser ad ratings
• Check accounts for accuracy according to Medicare HMO guidelines.
• Resolve customer disputes and prepare adjustments to A/R when necessary.
Show more