Loan Servicing REO Repair Specialist

Regions Bank•Hattiesburg, MS

About The Position

At Regions, the Loan Servicing REO Repair Specialist determines the extent of required repairs to real estate owned (REO) and the subsequent coordination of renovations with contractors.

Requirements

High School Diploma or GED
Applicants will be expected to pass any assessment associated with the position
Ability to interpret and ensure compliance with applicable rules, regulations, and industry guidance
Ability to work in a fast-paced environment
Good analytical, organizational, and communication skills
Proficient in Microsoft Excel and Word

Nice To Haves

Bachelor’s degree
Two (2) years of real estate, construction, or mortgage lending experience
General knowledge of construction techniques, practices, and customs
General understanding of contract law, real estate law, real estate transactions, mortgage lending practices, and types of property ownership

Responsibilities

Oversees the quality and timeliness of repairs to ensure compliance with Regions policies and goals
Files eviction proceedings and routinely performs follow-ups on the eviction process to ensure timely evictions with minimal delays and cost
Selects, monitors, and evaluates contractors for renovating assigned properties
Writes comprehensive repair assessments
Audits contractors repair estimates for comprehensiveness of renovations to be performed, and competitiveness of prices
Prepares repair analysis worksheet and submits to REO committee with recommendation
Reviews and approves closing "settlement" statements and other select closing documents
Performs quality control inspections on assigned properties and ensures that any deficiencies discovered are corrected quickly and appropriately
Works to resolve title issues
Ensures compliance with risk management programs, rules and regulations, and cybersecurity practices; identifies opportunities for and supports process improvements; applies disciplined change management practices