Default Solutions Specialist- HiFi Collections

Regions Bank • Salt Lake City, UT

6d • $37,750 - $44,940 • Hybrid

About The Position

At Regions, the Default Solutions Specialist is responsible for resolving the delinquency status of past due customer accounts either through in-house recovery or through a third party as well as the workout of properties affected by bankruptcy situations.
This position requires the tracking of time and is eligible for overtime for hours worked in excess of 40 per week under the Fair Labor Standards Act.
This position is incentive eligible.

Requirements

• High School Diploma or GED
• Ability to interpret and ensure compliance with applicable rules, regulations, and industry guidance
• Ability to work in a fast-paced environment
• Detailed oriented
• Proficient in Microsoft Excel and Word
• Strong customer service skills
• Strong organization skills

Nice To Haves

• One (1) year of banking or related work experience
• Bankruptcy Servicing Experience
• Loan Servicing or Consumer Lending Experience
• Collections and Delinquency Resolution Experience
• Strong Analytical and Research Skills
• Knowledge of Banking Regulations and Compliance Requirements
• Bankruptcy Servicing, Mortgage Servicing, Consumer Loan Operations, Default Management

Responsibilities

• Works with customers directly or through outside agencies/councils to resolve account delinquency status while minimizing company interest losses
• Collects delinquent payments
• Ensures that files and paperwork are properly and accurately completed
• Contacts outside parties to collect or clarify documentation
• Performs processing and maintenance functions as relates to bankruptcy account servicing
• Researches and analyzes past bankruptcy loan history identifying necessary adjustments that ensure the loan is being serviced appropriately and ensures complete resolution for bankruptcy accounts
• Analyzes associated data and performs loan maintenance and/or corrections for bankruptcy loans in the appropriate loan servicing system(s)
• Ensures all cash items are applied per requirements and terms of loan documents, and that all ledgers are in balance and accurate in accordance to the bankruptcy
• Ensures service level agreement deadlines are met on all processes and items are processed within allotted handling times
• Ensures compliance with risk management programs, rules and regulations, and cybersecurity practices; identifies opportunities for and supports process improvements; applies disciplined change management practices
• May coordinate with bankruptcy agencies, courts, and other lien holders

Benefits

• Paid Vacation/Sick Time
• 401K with Company Match
• Medical, Dental and Vision Benefits
• Disability Benefits
• Health Savings Account
• Flexible Spending Account
• Life Insurance
• Parental Leave
• Employee Assistance Program
• Associate Volunteer Program

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED