Mortgage Foreclosure Analyst II

Fifth Third Bank • Cincinnati, OH

6d • Onsite

About The Position

The Mortgage Foreclosure Analyst II is responsible for ensuring the Foreclosure (FCL) process is completed accurately and in adherence to mandatory state and investor timelines. This role acts as a liaison between Fifth Third Bank and outside counsel, processing residential foreclosures from a creditor/servicer perspective. The analyst identifies and focuses on specific mortgages that are past standard severity or approaching investor timeline standards, requiring immediate action. Additional duties include calculating judgment figures for outside counsel, performing bid analysis, evaluating legal invoices, and reviewing other FCL-related legal documents. This position is responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures. The role requires always doing the right thing for customers and colleagues, ensuring that actions and behaviors drive a positive customer experience. While operating within the Bank’s risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

Requirements

• High School diploma required.
• Minimum of 3-5 years of experience in a loan-servicing environment with exposure to Mortgage Default.
• Communicate effectively to customers, vendors and coworkers.
• Advanced computer & math skills.
• Working knowledge of mortgage banking, familiarity with RESPA, FFDCPA, GLBA, FFIEC & federal and state laws related to legal FCL & BKR proceedings.

Responsibilities

• Manage 200 past or approaching standard FCL cases including FHLMC, FNMA, FHA/VA & Private Investors.
• Utilize EDR past standard severity reports to follow up on all FCL actions, ensure investor guidelines are adhered to and measure average aging of loans.
• Follow up on all FCL actions monthly to ensure investor guidelines and monthly status requirements are within compliance.
• Analyze & manage FCL timeline performance to ensure that no more than 10% of monthly caseloads are past standard.
• Identify contested FCL and code in order to ensure the proper reporting of delays to investors.
• Ensure that all cases in which Fifth Third Bank has exposure are escalated to management & In-house legal.
• Ensure cases have clear & marketable title throughout the FCL process.
• Work closely with other default personnel to ensure a seamless transition for loan accounts from one process to the next.
• Calculate & provide financial figures related to FCL sale bids, judgments required by the court, reinstatement & payoff requests made by the borrower & attorney.
• Examine FCL related expense as they pertain to investor guidelines.
• Review collateral/partial lien releases & gather all necessary information (valuation, proposed compensation, & parcel legal descriptions, etc.) for release of collateral, analyze the proposal for its economic impact on the beneficiary of the loan & make recommendation to management.
• Analyze the valuation of the property (BPO or appraisal), the marketability of the property, and any claims possible against third parties.
• Coordinate with the Property Preservation/Collateral department to secure & maintain vacant properties.
• Prepare bid instructions for sheriff sales.
• Ensure the accurate & timely referral to BKR & Post Sale areas.
• Endorse and certify all FCL sale results within 24 hours of the FCL sale and ensure the timely transition of REO Assets.
• Develop a strong working relationship with network of Bank Appointed & Designated Counsels.
• Provide mentoring to new staff members, assist in special projects & other duties as assigned.

Benefits

• Comprehensive benefits
• Differentiated compensation offerings
• Extensive benefits programs designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being.

What This Job Offers

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