Mortgage Foreclosure Analyst II

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About the role

The Foreclosure Analyst III ensures the Foreclosure (FCL) process is completed accurately in adherence to mandatory state and investor timelines by acting as a liaison between Fifth Third Bank and outside counsel. This position processes residential FCL from a creditor/servicer perspective, identifying and focusing on specific mortgages that are past standard severity or approaching investor timeline standards that require immediate action. Additional duties include calculation of judgment figures for outside counsel, bid analysis, evaluation of legal invoices, and review of other FCL-related legal documents.

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, ensuring actions and behaviors drive a positive customer experience. While operating within the Bank’s risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

Responsibilities

• Manage 200 past or approaching standard FCL cases including FHLMC, FNMA, FHA/VA, and Private Investors.
• Utilize EDR past standard severity reports to follow up on all FCL actions, ensure investor guidelines are adhered to, and measure average aging of loans.
• Follow up on all FCL actions monthly to ensure investor guidelines and monthly status requirements are within compliance.
• Analyze and manage FCL timeline performance to ensure that no more than 10% of monthly caseloads are past standard.
• Identify contested FCL and code to ensure proper reporting of delays to investors.
• Ensure all cases in which Fifth Third Bank has exposure are escalated to management and in-house legal.
• Ensure cases have clear and marketable title throughout the FCL process.
• Work closely with other default personnel to ensure a seamless transition for loan accounts from one process to the next.
• Calculate and provide financial figures related to FCL sale bids, judgments required by the court, reinstatement, and payoff requests made by the borrower and attorney.
• Examine FCL-related expenses as they pertain to investor guidelines.
• Review collateral/partial lien releases and gather all necessary information (valuation, proposed compensation, and parcel legal descriptions, etc.) for release of collateral; analyze the proposal for its economic impact on the beneficiary of the loan and make recommendations to management.
• Analyze the valuation of the property (BPO or appraisal), the marketability of the property, and any claims possible against third parties.
• Coordinate with the Property Preservation/Collateral department to secure and maintain vacant properties.
• Prepare bid instructions for sheriff sales.
• Ensure the accurate and timely referral to BKR and Post Sale areas.
• Endorse and certify all FCL sale results within 24 hours of the FCL sale and ensure the timely transition of REO Assets.
• Demonstrate working knowledge of mortgage banking, familiarity with RESPA, FFDCPA, GLBA, FFIEC, and federal and state laws related to legal FCL and BKR proceedings.
• Develop a strong working relationship with a network of Bank Appointed and Designated Counsels.
• Provide mentoring to new staff members, assist in special projects, and perform other duties as assigned.

Requirements

• High School diploma required.
• Minimum of 3-5 years of experience in a loan-servicing environment with exposure to Mortgage Default.
• Effective communication with customers, vendors, and coworkers.
• Advanced computer and math skills.

Benefits

At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities, and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education, and geographic location.

Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional, and social well-being. Learn more about those programs on our 53.com Careers page.

Location: Cincinnati, Ohio 45227