Mortgage Foreclosure Analyst II

Fifth Third Bank • Cincinnati, OH

2d

About The Position

The Mortgage Foreclosure Analyst II manages residential foreclosure cases from a creditor or servicer perspective, ensuring the foreclosure process is accurate and complies with state and investor timelines. The role serves as a liaison between Fifth Third Bank and outside counsel, focusing on mortgages that have exceeded standard severity timelines or are approaching investor deadlines and need immediate action. Duties include calculating judgment figures, analyzing sale bids, evaluating legal invoices and reviewing foreclosure-related legal documents.

The analyst manages a caseload of past-standard or approaching-standard foreclosure cases involving FHLMC, FNMA, FHA/VA and private investors. The role monitors foreclosure actions and timeline performance, ensures compliant investor reporting, identifies contested cases, escalates cases involving bank exposure, and supports clear and marketable title throughout the process. The analyst also calculates financial figures for bids, judgments, reinstatements and payoffs; reviews foreclosure expenses and collateral-release proposals; assesses property valuation and marketability; coordinates vacant-property preservation; prepares sheriff-sale bid instructions; and ensures timely referrals and transitions of foreclosure sale results and REO assets.

The position requires working knowledge of mortgage banking and applicable requirements and laws related to foreclosure and bankruptcy proceedings. The analyst develops working relationships with appointed and designated counsel, mentors new staff, assists with special projects and performs other duties as assigned. There are no supervisory responsibilities.

Requirements

• High school diploma required.
• Minimum 3–5 years of experience in a loan-servicing environment with exposure to mortgage default.
• Ability to communicate effectively with customers, vendors and coworkers.
• Advanced computer and math skills.
• Working knowledge of mortgage banking and familiarity with RESPA, FFDCPA, GLBA, FFIEC, and federal and state laws related to foreclosure and bankruptcy proceedings.

Responsibilities

• Manage approximately 200 past-standard or approaching-standard foreclosure cases involving FHLMC, FNMA, FHA/VA and private investors.
• Use EDR past-standard-severity reports to follow up on foreclosure actions, ensure investor guidelines are followed and measure average loan aging.
• Follow up monthly on foreclosure actions to ensure investor guidelines and monthly status requirements are met.
• Analyze and manage foreclosure timeline performance to keep no more than 10% of monthly caseloads past standard.
• Identify and code contested foreclosures so delays are properly reported to investors.
• Escalate cases in which Fifth Third Bank has exposure to management and in-house legal.
• Ensure cases have clear and marketable title throughout the foreclosure process.
• Coordinate with other default personnel to support seamless transitions of loan accounts between processes.
• Calculate and provide financial figures for foreclosure sale bids, court-required judgments, borrower and attorney reinstatement requests, and payoff requests.
• Examine foreclosure-related expenses for compliance with investor guidelines.
• Review collateral and partial lien releases; gather required information, assess economic impact to the loan beneficiary and recommend action to management.
• Analyze property valuations, marketability and potential claims against third parties.
• Coordinate with the Property Preservation/Collateral department to secure and maintain vacant properties.
• Prepare bid instructions for sheriff sales.
• Ensure accurate and timely referrals to bankruptcy and post-sale areas.
• Endorse and certify foreclosure sale results within 24 hours of the sale and ensure timely transition of REO assets.
• Develop working relationships with the Bank's appointed and designated counsel network.
• Mentor new staff members, assist with special projects and perform other assigned duties.

Benefits

• Comprehensive benefits designed to support employees and their families, including physical, financial, emotional and social well-being.
• Differentiated compensation offerings.

What This Job Offers

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