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Years of Experience
Date Last Verified
ProfileForeclosure Functional Coordinator The candidate will monitor the foreclosure of loans secured by real estate through designated law firms and/or vendors and updates Bank's systems timely and accurately. Will prepare and/or review foreclosure documents for accuracy and obtains appropriate signatures and notarization. Reviews title reports; works through title claims. Maintain accurate records for both internal and external audits. Make presentations and recommendations of appropriate action to senior management related to foreclosure properties. Order /recommend appraisals or inspections of properties, evaluates equity position and recommends bidding instructions for foreclosure sales. Receive recommendations for foreclosure from collections and reviews to confirm equity position, risk of loss and opportunity for Loss Mitigation workouts and/or foreclosure. Ensure account balances are written down in accordance with bank policy. Responsible for ensuring vacant properties are secured in a manner consistent with protecting firm's interest. Will be responsible for completing additional training and gaining a better understanding of the collection, foreclosure, bankruptcy, loss mitigation and mortgage servicing processes. Handle phone calls from customers, law firms and internal departments. Must possess an ability to prioritize their daily workload with minimal supervision in accordance with established department and investor deadlines. Must adhere to bank policies and procedures and comply with legal, regulatory and investor defined reporting, remitting and reconciling requirements. Must have High school diploma or GED. Should have 3+ years of operation or default experience and customer service experience. Must have 6+ months of foreclosure experience. Bachelor's degree is preferred. Paralegal certificate is preferred. Knowledge of MSP, HOGAN/DRI is preferred. Mortgage Title experience is preferred. Prior experience work in a high-volume/fast-paced environment is preferred. Prior collections, loss mitigation, or bankruptcy experience is preferred. Proven experience in a decision making and/or workout type position is preferred. MS Office and internet proficiency is preferred.
Requisition Number: 20035