Foreclosure Specialist II

divh2Overview/h2pThis position is responsible for managing the foreclosure process for an assigned portfolio of mortgage loans, contested foreclosures or loans in other litigation to ensure foreclosure is completed timely in accordance with investor guidelines and for providing administrative support related to the foreclosure process./ph2Primary Responsibilities/h2pMonitor progress of the foreclosure action from referral to post foreclosure, including management of issues raised, holds placed and review/research needed to complete the foreclosure action./ppCommunicate with foreclosure attorneys to understand, minimize and avoid delays during the foreclosure. Work with foreclosure attorney to resolve simple contested/litigation actions and title issues to allow completion of the foreclosure action./ppProvide necessary status updates to investors during the foreclosure process. Assemble and provide documentation in response to investor or regulatory audit requests./ppGenerate various scheduled and ad hoc reports as needed for Foreclosure, including but not limited to monthly scorecard reporting, exception reporting, and workflow tracking reports./ppEnsure investor deadlines within the foreclosure are met, including but not limited to FHA 1st legal deadlines and FHA eviction 1st legal deadlines./ppPrepare bidding instructions according to investor guidelines and ensure proper bidding for sales where MTs lien is not in first position./ppReview VA appraiser invoices for payment. Obtain necessary W-9, set up payee header and submit invoice for payment./ppPerform initial review of documents required for foreclosure or simple contested litigation, gathering of backup and submission to Tier 2 Reviewer for further review and execution./ppReview equity position and prepare necessary equity analysis for potential charge off./ppProvide sale results to investor, MI companies and other necessary parties, updating systems as required./ppWork with attorneys to ensure proper reporting of foreclosure status to investors./ppManage a variety of assigned tasks to hold, close or proceed with foreclosure taking action within the required service level agreement./ppComplete daily Sale Result QC for Foreclosure team. Monitor, distribute and respond to emails sent to Team email boxes. Receive, review and distribute legal mail received in Customer Asset Management (CAM) pertaining to residential property in which the bank has an interest, to avoid risk of loss to the bank or its investors and work with in house counsel and management to determine if external counsel must be engaged to represent MT./ppRequest checks for disbursement of bid deposit, senior lien payoff and settlements./ppAdhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies./ppMaintain MT internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable./ppComplete other related duties as assigned./ph2Scope of Responsibilities/h2pThis position interacts with external third-party foreclosure attorneys to ensure successful and timely completion of foreclosure consistent with investor guidelines./ppThis position also interacts with CAM Management and internal external counsel./ph2Education and Experience Required/h2pA combined 3 years higher education and/or work experience, including a minimum of 1 year Default Servicing related field experience (e.g., Collections, REO, Loss Mitigation)./ppWorking knowledge of word processing and spreadsheet software./ppStrong written and verbal communication skills./ppDetail oriented./ppStrong analytical and problem solving skills./ppMotivated, team player with a positive and friendly attitude./ph2Education and Experience Preferred/h2p3 years Default Servicing related field experience (e.g., Collections, REO, Loss Mitigation)./ppProven ability to work effectively in a team environment./ppKnowledge of bank and departmental systems./ppUnderstanding of mortgage product including home equity loans and lines of credit./ppExperience reading and comprehending the contents of legal documents./ppMT Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $18.57 - $30.95 (USD). The successful candidates particular combination of knowledge, skills, and experience will inform their specific compensation. The range listed above corresponds to our national pay range for this role. The specific pay range applicable to you may vary based on your location./ppLocation: Clanton, Alabama, United States of America/p/div