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Loss Mitigation Specialist
Location:
Helena, MT
Description:
Opportunity Bank of Montana offers careers in banking with a comprehensive training program, work life balance and meaningful commitment to your community. Are you looking for more than just a job? Are you ready to make a positive impact on your professional life and in your community?If so, we want to talk to you!Opportunity Bank of Montana is adding to our outstanding team with a Loss Mitigation Specialist in the Helena, Montana area. As our Loss Mitigation Specialist, you will perform basic collection services on delinquent consumer or commercial loan accounts. Additionally, you will assist with other related collection job tasks and general office duties. Perform all duties in accordance with company guidelines, the Fair Debt Collections Practices Act,and all applicable federal, state and local regulations. Contact customers regarding all facets of loan collections. Process problem reports on all non-performing loans and report as required to Internal Asset Review Committee and Board of Directors. Monitor all foreclosure and REO properties such as inspections and property preservation duties. Respond to customer inquiries regarding defaults and work out or loss mitigation options which also include sending requests for financial information while maintaining customer electronic contact collection logs. Educate borrower on all options that include home retention and liquidation. Act as a liaison between the mortgagor, counsel and in some cases a realtor or third party. Responsible for gathering all required documentation for government and internal loan modification, forbearance plans, repayment plans, reinstatements, short sales, deeds-in-lieu of foreclosure, short payoffs and other possible workouts. Recover losses through filing claims with investors and have complete knowledge of all claim systems. Process forbearance plans, repayment plans, reinstatements, short sales, deeds-in-lieu of foreclosure, short payoffs and other possible workouts. Monitor and perform frequent follow up with borrowers on trial modifications to ensure conversion. Assist lending department in troubled debt restructuring and modifications as needed. Monitor and perform collection tasks related to the daily delinquent loan report. Coordinate with vendors used specifically for foreclosures, real estate owned properties and repossessions. Obtain credit reports for collection purposes. Obtain appraisals or other property evaluations as needed. Prepare foreclosure packages to send to counsel and/or investor to initiate foreclosure. Perform other related duties as assigned. Education and Experience Requirements High school diploma or equivalent Education and Experience Preferences 2-year college degree (accounting, business, finance, management, or related) and 2 years of relevant job experience; or equivalent combination of education and experienceBanking experience Opportunity Bank of Montana is an equal opportunity employer. It is the policy of Opportunity Bank to provide equal employment opportunity within the Bank and motivate cooperation toward the goal of hiring and promoting available qualified personnel without regard to their race, gender, color, national origin, sex, age, religion, disability, veteran status, marital status, sexual orientation, or any other legally protected status.
Company:
Opportunity Bank Of Montana
Posted:
December 26 2023 on ApplicantPro
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More About this Listing: Loss Mitigation Specialist
Loss Mitigation Specialist is a Jobs Loss Mitigation Specialist Job at Opportunity Bank of Montana located in Helena MT. Find other listings like Loss Mitigation Specialist by searching Oodle for Jobs Loss Mitigation Specialist Jobs.
Loss Mitigation Specialist is a Jobs Loss Mitigation Specialist Job at Opportunity Bank of Montana located in Helena MT. Find other listings like Loss Mitigation Specialist by searching Oodle for Jobs Loss Mitigation Specialist Jobs.