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Default Specialist
Union Bank
San Diego, CA, United States
Job Details - this job has expired, please see similar jobs below
Reporting to the Assistant Vice President, the Default Specialist is responsible for managing foreclosure and/ or bankruptcy proceedings on assigned portfolio in accordance with all state and Federal laws while maintaining compliance with bankruptcy regulations, Investor, Insurer, Agency and Bank guidelines. Direct and monitor the work performed by Attorneys/ Trustee to ensure timelines are met or exceeded. Understand payment histories and decision application of funds. Develop proficiency with work assignments to ensure maximum efficiency and accuracy of work performed.
Major Responsibilities:
50%
• Develop and maintain a good business relationship with internal and external Vendors and business partners.
• Manage daily, weekly and bi-monthly reports to ensure that all foreclosure and/ or bankruptcy milestones are processed in accordance with Bank and/ or Agency timelines.
• Prepare foreclosure first legal referrals, authorizations to proceed with sales, foreclosure bids, equity analysis, motions for relief and attorney referrals and plan objections, ensuring compliance with all regulations, Investor, Insurer, Agency and Bank guidelines.
• Review documents for accuracy.
• Calculate and prepare reinstatement quotes. Provide instructions on application of funds received.
25%
• Review, research, identify and resolved title issues for defaulted loans in assigned portfolio; coordinate with vendors, title companies and attorneys.
• Review bankruptcy plans for appropriate treatment; make sound recommendations for objections, as applicable.
• Assist with filing Agency, MI and Investor claims and supplemental claims, as required.
• Ensure prompt submission of claims and reconcile payments received. Monitor senior lien activities.
25%
• Assist with development and implementation of departmental procedures and change management.
• Assist in managing aspects of vendor management including SLAs and conference calls to communicate feedback as to quality of work.
• Assist in managing internal and external audits.
• Provide support to internal partners such as Collections, Mortgage Assistance Group, Investor Reporting and Cash Transaction Operations. Complete special projects as assigned by management.
Qualifications
• Requires a high school diploma.
• Three to five years of foreclosure, title, bankruptcy and/ or mortgage servicing preferred.
• Superior knowledge of the foreclosure and/ or bankruptcy process including Agency guidelines, tools systems and options.
• Excellent verbal and written communication skills.
• Strong organizational and problem solving skills.
• Working knowledge of Microsoft Word, Excel, Access and Mortgage Servicing Platform (MSP).
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.
We are proud to be an Equal Opportunity / Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives, and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.
A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it's the bank's policy to only inquire into a candidate's criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.