BBVA Compass Mortgage Default Spec I-II in HOMEWOOD, Alabama
At BBVA, we are working to make banking better for everyone. That is where you come in. We are looking for smart, team oriented people who want to be part of a first-class workforce that gives people the tools they need to meet their financial goals, all while delivering an outstanding client experience. Learn more below.
The Mortgage Default Specialist must have proficiency in real estate foreclosure processes, loss mitigation techniques, investor compliance, insurance claims and negotiations and high level customer interactions. The key role of the specialist is to make the appropriate financial decision relative to the proper disposition of real estate defaults. The specialist will decide whether a property will be foreclosed, charged off or reworked. The specialist must master cross-product proficiency in real estate first and second mortgages as well as home equity lines of credit. Loans are serviced on multiple servicing systems. Incumbent is required to meet department and team quality and volume standards.
Position Duties and Responsibilities
Determine and assign all actions preliminary to foreclosure proceeding.
Ensures accounts are followed through the foreclosure process and are handled in a timely manner.
Review all accounts submitted for proper documentation, mortgage position, sufficient equity and clear title.
Make determination what foreclosure or charge off action is appropriate based on mortgage position, equity and title information.
Contact customers and attorneys to negotiate possible work out situations to avoid foreclosure action
Respond to customer inquiries regarding mortgage defaults and loss mitigation options
Evaluate the customers financial ability, reason for default, and ability to make payment
Recommend and initiate loss mitigation options that are appropriate to the situation
Negotiate and formalize repayment arrangements with customers approved for foreclosure when appropriate. This includes verifying arrears, formulating terms of repayment.
Coordinate and facilitate initial loss mitigation efforts with associated departments
Generate outbound calls to delinquent borrowers who are currently in foreclosure who are considered high-risk or with associated third parties.
Build proficiency in all areas of job by attending meetings and training as required.
Communicate with attorneys on loss mitigation efforts and arrangements
Monitor progress of attorneys, including all litigation, maintaining accurate and complete records
Process FNMA delinquent accounts according to FNMA guidelines.
High School diploma, GED or equivalent required
Able to independently apply competencies to complex situations.
Communicate effectively with diverse groups and individuals
Establish effective work relationships according to requirements of position
Consistent attention to detail and organizational skills demonstrated by professional follow-through
Problem-Solving Skills: Research, gather, arrange, compile, summarize, and evaluate data in recommending solutions.
Customer Service: Exhibit ability to establish personal credibility and patience with customers and third parties.
Time Management: Ability to work well in fast paced/multi-tasking environment.
Collaboration: Work with peers and team to establish successful team environment. Demonstrate willingness to help others when necessary
PC skills including (but not limited to) MS Word, MS Excel, MS Access, and Internet
Ability to work well with numbers and evaluate costs and losses
Ability to analyze problems and provide the appropriate solution
Advanced communication skills verbally and through written electronic correspondence
Ability to read legal terms and conditions and understand their meaning and how it applies to work
Grade 12: 3-5 years mortgage default experience ( Collections, Foreclosures, Loss Mitigation, and/or Recovery)
Grade 14: 5+ years mortgage default experience ( Collections, Foreclosures, Loss Mitigation, and/or Recovery)
Job ID 2019-119985
Site Name AL-BIRMINGHAM-HOMEWOOD ADMIN CENTER
Work Location US-AL-HOMEWOOD
FLSA Status NON-EXEMPT
Type FULL TIME
EOE Statement Equal Opportunity Employer - Minority/Female/Disability/Veterans.