Mortgage Foreclosure Coordinator

First National Bank Of Pennsylvania•Pittsburgh, PA

2d•Onsite

About The Position

This position is primarily responsible for the day-to-day handling of mortgage secured loans in late stage delinquency, including but not limited to collections, loss mitigation and foreclosure management. The incumbent is responsible for attempting to contact the borrower to initiate a plan to cure the delinquency to avoid foreclosure initiation. If no plan can be made, the incumbent compiles required data to initiate the foreclosure referral to outside counsel. The incumbent will manage vendors and ensure compliance with investor and insurer, state, federal and Bank requirements.

Requirements

High School or GED
5 years experience
Excellent organizational, analytical and interpersonal skills
Excellent customer service skills
Excellent project management skills
Ability to work and multi-task in a fast paced environment
MS Word - Intermediate Level
MS Excel - Intermediate Level
Ability to use a personal computer and job-related software

Nice To Haves

BA or BS preferred.
Experience in servicing GSE-Portfolio Foreclosure, Bankruptcy and Collection loans.
Familiar with general mortgage servicing practices.
Excellent negotiation skills.

Responsibilities

Monitors foreclosure loans and ensures that foreclosure actions on individual accounts are completed in a timely manner according to investor and insurer, state and regulatory guidelines minimizing financial losses to the corporation.
Analyzes and designs strategies to minimize all losses via management of attorney and to enhance overall foreclosure process.
Effectively manages assigned queued accounts by setting appropriate follow-up and next steps to adhere to investor/Bank guidelines and procedures.
Conducts field maintenance within the general servicing and collection system to ensure adherence to FCRA and Bank policies related to status fields.
Completes equity analysis and provides recommended course of action such as charge off/legal action.
Ensures collection system is clearly and fully documented related to all collection, loss mitigation and foreclosure calls, emails and written communication.
Responsible for the review, approval and tracking of vendor invoicing.
Conducts SCRA search in accordance with Bank policy.
Monitors property condition and escalates situations in which the condition is compromised.
Gathers and analyzes research data such as statutes, decisions and legal articles, codes and documents.
Reviews and validates legal documents including discovery, briefs, pleadings, appeals, contracts and affidavits.
Serves as a Bank representative at hearings, depositions and mediations.
Maintains attorney communication via phone/email.
Manages the compliance related aspects of the residential mortgage division to insure that functions conform to CFPB, OCC, SCRA, FCRA, FDCPA and other state, federal and Bank requirements.
Responsible for special projects and reporting required by investors such as FHLMC/FNMA/FHLB.
Maintains current data of new and pending laws and regulations directly affecting the division
Performs other related duties and projects as assigned.
All employees have the responsibility and the accountability to serve as risk managers for their businesses by understanding, reporting, responding to, managing and monitoring the risk they encounter daily as required by F.N.B. Corporation’s risk management program.
F.N.B. Corporation is committed to achieving superior levels of compliance by adhering to regulatory laws and guidelines.
Compliance with regulatory laws and company procedures is a required component of all position descriptions.