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Loan Admin Corp Witness
Flagstar Bancorp
Troy, MI, United States
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Position TitleLoan Admin Corp Witness
LocationHeadquarters-Troy, MI
Job SummaryThe Loan Administration Analyst/Corporate Witness purpose is to review and execute litigated documents pertaining to Loss Mitigation, Foreclosure, Bankruptcy and Litigation. The Corporate Witness primary function is to represent the bank as a witness for litigated matters at trials and depositions to avoid monetary loss and reputational risks, including at matters involving more significant risk to the Bank.
Job Responsibilities:
50%- Review and execution of documents pertaining to Loss Mitigation, Foreclosure, Bankruptcy and Litigation specifically Affidavits, Complaints, Declarations and Certifications by following all state and regulation rules and avoiding any possible litigation raised from signing the document incorrectly.
25%- Acting as a corporate witness at trials and depositions for litigated matters, representing Foreclosure and Bankruptcy departments and processes.
15%- Leveraging in depth system knowledge to interpret underlying facts in support of cases pending against the Bank.
5%- Coordinate proper document language is updated in all documents executed by Flagstar and Default Servicing vendor.
5% - Collaborating with other default servicing teams, and other internal teams, to assist in the continued development of a best in class default servicing oversight operation.
Ensure compliance with applicable federal, state and local laws and regulations. Complete all required compliance training. Maintain knowledge of and adhere to Flagstar's internal compliance policies and procedures. Take responsibility to keep up to date with changing regulations and policies.
Job Requirements:
• HS Diploma, GED or Foreign Equivalent Required
• Bachelors Degree in a related field is strongly desired. (Business Administration)
• Paralegal studies preferred
• Minimum of 6years of experience in the Foreclosure, Bankruptcy and Corporate Witness field with detailed understanding of banking specifically default servicing.
• Strong understanding of best practices in Mortgage Banking industry-wide Servicing Operations (end-to-end) as well as regulatory expectations.
• Ability to effectively present information to all levels within the organization from executive management to front line employees
• Minimum 6 years-experience in servicing systems, preference to Black Knight Servicing Systems.
• Strong communication, client service and time management skills
• Ability to communicate policies and procedures with clarity to Judges and Attorneys involved in trials/depositions.
• Ability to travel with short notice.
• Experience with Mortgage Servicing Software (including MSP and LPS Desktop)
• Strong analytical and technical skills including Excel.
• Some travel required about 25% of the time
• Be able to travel on a short notice.
Internal Use Only: Pay Band H-hrly