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Job Openings >> Mortgage/Consumer Loan Review Specialist
Mortgage/Consumer Loan Review Specialist
Summary
Title:Mortgage/Consumer Loan Review Specialist
ID:1061
Branch/Location:Converse
Availability:Full Time
Department:Mortgage/Consumer Lending
Job Type:Non-Exempt (hourly)
Description
MORTGAGE/CONSUMER LOAN REVIEW SPECIALIST

DEPARTMENT: Mortgage/Consumer Lending
CLASSIFICATION: Non Exempt
REPORTS TO: Sr. VP Director of Loan Review
SUPERVISES: None

POSITION SUMMARY:
This position is responsible for assisting with loan review, workout, and liquidation functions of the bank which includes monitoring asset quality, loan portfolio risks, and concentrations. In addition, this position is responsible for assessing individual residential mortgage loans for proper documentation, credit quality, and eventual collectability.

DUTIES:
1. Review/complete loss mitigation on secondary market mortgages
    a. Repayment Plans
    b. Forbearance Plans
    c. Mortgage Modifications
    d. Short Sales
    e. Deed in Lieu
2. Initiate/process foreclosure actions on secondary market mortgages
3. Service REO’s on secondary market mortgages
4. Maintain complete understanding of Investor guidelines, products, and updates for loss
    mitigation/foreclosures on secondary market mortgages
5. Coordinate/complete monthly property inspections on secondary market mortgages
6. Communicate with borrowers to help resolve delinquency issues
7. Prepare various monthly reports regarding secondary market mortgages
8. Complete monthly reporting for delinquent secondary market mortgages
9. Compile/complete Quality Control Audits on secondary market mortgages
10. Attend monthly meetings regarding delinquent mortgages
11. Document all loss mitigation/foreclosure actions
12. Other duties as assigned


RELATIONSHIPS/QUALIFICATIONS:
1. Responsible to the Sr. VP Director of Loan Review & Special Assets for the fulfillment of duties assigned
2. Must be familiar with the bank’s policies and procedures in addition to the regulations governing loan portfolio management
3. Should be analytically minded and possess good judgment
4. Close communication with Mortgage Loan Officers
5. Accuracy, attention to detail, confidentiality, and basic computers skills are required
6. Strong communication and phone skills are desired


WORKING CONDITIONS:
1. Normal office environment
2. Extended viewing of computer screens
3. Moderate lifting up to 25 pounds
4. Repetitive hand and arm movement

First Farmers Bank & Trust promotes an equal employment opportunity workplace which includes reasonable accommodation of otherwise qualified disabled applicants and employees. Please see your HR Director should you have any questions about this policy or these job duties.

 
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