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Vice President, Mortgage Servicing Default Administration
Finance & Investment Industry Company
Mt. Laurel, NJ, United States
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Description
Provide oversight of and executive leadership, guidance and direction for leaders on multiple teams in Mortgage Servicing Default Administration who are responsible for:
• Collections and Loss Mitigation -development and implementation of strategies and tactics that ensure delinquency goals and loss mitigation workout activity goals are achieved while enhancing the customer experience throughout the mortgage delinquency process
• Foreclosure, Bankruptcy, Real Estate Owned (REO) and Property Preservation – development and implementation of strategies and tactics that ensure home foreclosure, bankruptcy, REO and property preservation processes meet investor, insurer and state guidelines
ESSENTIAL FUNCTIONS AND RESPONSIBILITIES:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.
• Participate in the development and implementation of the strategic plans and financial budgets for Mortgage Servicing and the Default Administration function.
• Provide clear and consistent communication regarding the strategic direction (objectives, strategies and tactics) established for Mortgage Servicing as well as the Default Administration function
• Ensure execution of the strategic plan for the Default Administration function along with attainment of financial goals
• Evaluate and interpret financial results for the Default Administration function and identify opportunities for improvement
• Monitor and evaluate functional performance against goals
• Develop and implement an organizational structure that ensures appropriate staffing to meet the needs of the business.
• Lead, guide, direct and evaluate the work of leaders within Default Administration including directors, managers and supervisors
• Evaluate organizational effectiveness of the team within Default Administration, identify gaps and implement development and succession planning initiatives
• Awareness and understanding of the internal and external competitive and regulatory landscape including opportunities for growth, improving customer satisfaction, new industry developments and standards, opportunities for process improvements, etc.
• Foster an appropriate, performance driven culture within the Default Administration function
• Collaborate with the leadership team to identify process deficiencies and develop and implement process improvements
• Manage organizational risk and protect the assets of the organization
• Function as a “change-agent”, leading change initiatives within the organization
• Function as a subject matter expert in industry standards and practices related to Default Administration
• Contribute technical/professional skills and specialist knowledge to the leadership group
• Develop effective reporting, incorporating appropriate frequency and level of detail
• Identify customer needs/demands
Requirements
EDUCATION / EXPERIENCE
To perform this job successfully, an individual must have the following education and/or experience:
• Bachelor’s degree required
• Minimum of ten (15) years of experience in the mortgage industry, including interaction with Government Sponsored Enterprises (GSE) including Fannie Mae and Freddie Mac, Ginnie Mae as well as clients/investors with Mortgage Servicing Rights (MSR) positions, Whole Loan positions and Securitized Mortgages is required
• Minimum of eight (8) years of experience in mortgage default administration, is required
• Minimum of seven (7) years of experience in a leadership capacity required
• Minimum of five (5) years of experience with formulating/implementing strategic plans along with developing and implementing process improvement initiatives is required
KNOWLEDGE, SKILLS, AND ABILITIES
• Strong verbal and written communication skills
• Analytical, with an ability to identify and resolve problems
• Well organized, paying close attention to detail
• Ability to manage multiple priorities in a timely manner
• Ability to meet the needs of internal and external customers by delivering high quality service
• Rapidly adapts to changing information, conditions and/or unexpected obstacles
• Strong interpersonal skills
• Operates effectively in a team environment as well as independently
• Ability to perform effectively during stressful situations
• Ability to perform in ambiguous situations
• Ability to react objectively rather than subjectively to achieve company goals
• Ability to jump in, figure things out and add value
TRAINING / LICENSING REQUIREMENTS
• Must pass Company’s Background Screening process prior to beginning employment. Additionally, as a condition of employment, you may be required to pass client-specific background check requirements or Federal/State licensing requirements, if applicable.
CORE COMPETENCIES
• Behaves as a Leadership Role Model
• Builds Strong Working Relationships
• Drives and Delivers Exceptional Results
• Customer/External Focus
• Builds and Motivates a High Performing Team
TECHNOLOGY SKILLS
• Proficient with Microsoft Office products (e.g. Word, Excel, Outlook, Powerpoint, etc.)
PHYSICAL DEMANDS
• NA
OTHER REQUIREMENTS
• NA
TRAVEL / WORK SCHEDULE
• As required