Secondary Mortgage Servicing Officer

Busey Bank • Creve Coeur, MO

12d • Onsite

About The Position

The Secondary Mortgage Servicing Officer is responsible for maintaining an acceptable level of credit delinquency and losses to the Bank. This position analyzes the credit and determines what course of action needs to be taken from writing collection letters or foreclosure per our portfolio loan collection policy or per our seller servicer agreements with Fannie Mae, Freddie Mac, Illinois Housing Development Authority, and various Private Mortgage Insurance Companies.

Requirements

• Knowledge of Mortgage lending function to assist in the ability to underwrite loans for modification and workout
• Knowledge of Compliance with Mortgage Loan regulations and the individual Seller Servicer Agreements which are negotiated with our Investors
• Ability to Implement new procedures and approaches to problems.
• Ability to Analyze and solve problems that require analysis based on precedent
• Ability to Maintain visual attention and mental concentration for extended periods of time
• Ability to Perform duties and make decisions under frequent time pressures
• Requires High School diploma, continued education preferred.
• Require prior banking and collection experience.
• Requires knowledge of Microsoft Office.
• Strong oral and written communication skills

Nice To Haves

• Knowledge of Home Affordable Modification Program, and various workout programs offered by the individual Investors per our Seller Servicer Agreements.

Responsibilities

• Make collection calls and document properly.
• Work with customers to identify possible workout situations.
• Prepare modifications and present to Mortgage Credit Officer for approval.
• Collect and review necessary financial information from the Borrower.
• Monthly delinquency reporting to various Private Mortgage Insurance Companies.
• Complete Property Inspections per Servicer requirements.
• Use of the various data tool collector modules per each Investor.
• Prepare and review various reports.
• Work with attorneys and other outside professionals, as needed.
• Review loan portfolio for past due accounts and other problems.

Benefits

• 401(k) match
• profit sharing
• employee stock purchase plan
• paid time off
• medical
• dental
• vision
• company-paid life insurance
• long-term disability
• supplemental voluntary life insurance
• short-term disability
• wellness incentives
• employee assistance program
• pre-tax health savings accounts
• flexible spending accounts

What This Job Offers

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