Default Timeline Specialist

BOK Financial • Tulsa, OK

3d • Onsite

About The Position

The Default Timeline Specialist is responsible for the oversight of delinquent loans eligibility for a breach notice, referrals and oversight with counsel to handle legal matters for a bankruptcy, foreclosure or eviction action to ensure that the investor and/or insurer timelines and guidelines are adhered in conjunction with the appropriate action.

This position monitors daily, weekly and monthly reports and responsible for updating and maintaining accurate records in the various servicing systems. The Default TimeLine Specialist is responsible for working with the Loss Mitigation department to ensure the appropriate action is performed as applicable and not being delayed unnecessarily.

Requirements

• Associate’s Degree in a business related field and/or 3 – 4 years of related experience.
• Working knowledge of FHA, VA, conventional, FHLMC, FNMA and private investor guidelines regarding foreclosure guidelines
• General knowledge of legal documentation and procedural steps to advance the foreclosure process
• Basic math skills (addition, subtraction, multiplication, division).
• Working knowledge of CRT or PC
• Ability to organize workflow and conduct tenacious follow-up.
• Ability to multi-task
• Ability to communicate effectively and courteously, and to gain information from individuals/customers by asking appropriate questions.

Responsibilities

• Review delinquent loans and issue demands in line with Investor/Insurer guidelines, including mandated letters and electronic registrations.
• Refer eligible loans for Bankruptcy, Foreclosure, or Eviction actions to attorneys, ensuring all submissions meet required standards.
• Monitor legal cases to ensure timely filings, accurate documentation, and system updates to reduce potential losses.
• Oversee property inspections and preservation efforts for delinquent properties, coordinating with insurance vendors as needed.
• Calculate and provide financial figures to attorneys for claims, reinstatements, payoffs, judgments, and foreclosure bids.
• Process incoming funds accurately and promptly, including refunds, bankruptcy payments, and sale proceeds.
• Ensure timely payment of invoices, taxes, and insurance within approved limits, especially before foreclosure sales.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree