Default Servicing Specialist

ProFed Credit Union; Fort Wayne (IN); On-site; USD 35,000 - 55,000; Full time

Job summary

A regional credit union located in Fort Wayne, Indiana is seeking a dedicated individual to manage delinquent mortgage loans and provide loss mitigation solutions. Responsibilities include direct interaction with homeowners facing financial hardships and ensuring adherence to compliance regulations. The ideal candidate will have strong organizational skills, excellent communication abilities, and a basic understanding of mortgage operations. This role offers a supportive environment to grow your knowledge of credit union services.

Qualifications

• Basic knowledge of credit union and/or mortgage operations.
• Ability to follow detailed directions.
• Sound judgment with good communication skills.

Responsibilities

• Serve as primary contact for homeowners with repayment issues.
• Ensure compliance with regulations from CFPB and NCUA.
• Collect backlinks of delinquent loans and Visa accounts.

Skills

Organizational skills

Detail-oriented

Written communication

Oral communication

Excel proficiency

Word proficiency

Job description

Overview

Primarily responsible for contacting delinquent mortgage loan accounts that are either in portfolio or have been sold to the secondary market. Charged with following each investor’s servicing guidelines to provide loss mitigation solutions to accounts and to properly report delinquency in a timely manner. Additional duties include the collection of delinquent loans, Visa accounts, and negative balance accounts in support of the Account Management Team.

Responsibilities

• Primary contact for homeowners with mortgage loan repayment issues and/or financial hardships
• Ensure adherence to compliance rules and regulations set forth by the Consumer Financial Protection Bureau and the NCUA
• Send required solicitation letters to delinquent mortgage loan accounts, as required
• Provide loss mitigation options to members who are in default
• Prepare mortgage loan accounts that are in bankruptcy or in foreclosure for the appropriate collection attorney
• Maintain documentation on all invoices paid and submit servicer expense reimbursements to investors
• Report timely mortgage loan delinquency information in accordance with each investor’s servicing guidelines
• Report timely mortgage loan delinquency information to each private mortgage insurance (PMI) company
• Collection of delinquent loans, Visa accounts, and negative balance accounts
• Willing to continue to gain knowledge of Credit Union products and services
• Exhibit excellent member service with empathy
• All other duties as assigned

Qualifications

Requires an organized, highly motivated, and detail-oriented individual with basic knowledge of credit union and/or mortgage operations. Must possess the ability to follow detailed directions and be able to navigate investor and insurance portals. Must display sound judgment and have good written and oral communication skills. Excel and Word skills are required. Lending and collection knowledge is a plus. Prior Mortgage Servicing experience preferred. Must be able to represent the credit union in a professional manner and work with minimum supervision. Ability to prepare and complete delinquency documentation, perform mathematical computation, and meet required reporting deadlines is required.

Physical Requirements

Clear and effective communication abilities are required. Must be able to view a terminal screen and operate a computer keyboard. Must be able to sit and stand for prolonged periods.

EEO Statement

ProFed is an EEO employer – M/F/Vets/Disabled