Senior Associate Foreclosure Specialist
4 weeks ago
At Webster Bank, we're dedicated to helping individuals, families, and businesses achieve their financial goals. As a leading commercial bank, we're passionate about serving our clients and supporting our communities.
Key Responsibilities:- Administer an assigned caseload of Residential and Consumer loans under the management of the Consumer Foreclosure Department.
- Ensure proper adherence to Bank, Investor, and Insurer policies, procedures, and timeframes to minimize risk, preserve and protect collateral, and limit expenses.
- Review and update the status of all assigned accounts in a timely and accurate fashion and in accordance with Bank, Investor, and Insurer procedures.
- Maintain compliance with all processes and procedures.
- Ensure all investor criteria is being adhered to in accordance with the servicing contracts.
- Document all efforts by inputting to the MSP Foreclosure system.
- Provide necessary instructions, loan/borrower information to, or requests the services of, attorneys, appraisers, property inspectors, and real estate brokers to bring cases to resolution.
- Prepare proposals for foreclosure bidding, property preservation, and/or for review and authorization by Management.
- Track foreclosure sale dates and judicial law dates to provide timely and accurate anticipated property acquisition information to Management.
- Prepare Affidavits of Debt, Payoff Letters, and other relevant documents for execution by Management.
- Report required Foreclosure data to Investors and Insurers as required through various web-based software applications.
- Prepare payment transactions for processing according to appropriate case status.
- Respond to incoming mail, telephone calls, and other external inquiries.
- Transition foreclosed cases out of active loan portfolios and into REO general ledger accounts.
- Review incoming expense invoices for accuracy and compliance with established fee schedules.
- Inform Management of discrepancies or extraordinary items.
- Assist Management in generating monthly, quarterly, and year-end processing and reports.
•High School Diploma or GED is required
•Working knowledge of regulatory requirements regarding foreclosures, bankruptcies, and evictions
•2-4 years of related experience specifically previous mortgage servicing and/or Paralegal experience preferred
The estimated salary range for this position is $24.00 to $28.00 USD an hour. Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position is eligible for incentive compensation.
Webster Bank is an equal opportunity employer and welcomes applications from all qualified candidates.
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