Loss Mitigation & Quality Control Supervisor

Rondout Savings Bank; City of Kingston (NY); In loco; USD 70.000 - 100.000; Tempo pieno

Descrizione del lavoro

Rondout Savings Bank is seeking a Loss Mitigation & Quality Control Supervisor to oversee loan servicing, ensuring compliance with policies and regulations. You will lead a team handling collections, loss mitigation, foreclosures, bankruptcies, and REO management.

The role requires 1–3 years banking experience, strong analytical and communication skills, and proficiency in MS Office. A detail-oriented approach and ability to manage reporting to investors are essential.

Competenze

• Educational & Certification Qualifications: High school diploma or equivalent.
• Experience Qualifications: Must have 1-3 years of experience in banking.
• Exhibits strong analytical and query writing skills.
• Excellent verbal and written communications skills, along with analytical and organizational skills, customer service experience, ability to work independently and as a team.
• Attention to detail and ability to meet deadlines.
• Proficient in Microsoft Office.

Mansioni

• Oversee collection, loss mitigation, foreclosure recommendations, and charge-offs for mortgages, home equity and consumer loans in line with policies and investor guidelines.
• Assist with collection of Commercial loans when needed.
• Maintain up-to-date knowledge of investors and MI collection and loss mitigation products.
• Manage REO and rank disposition with investors and MI companies.
• Oversee bankruptcy actions from notification through clearance.
• Supervise foreclosure actions from referral through reinstatement or acquisition.

Conoscenze

Analytical skills

Query writing

Verbal and written communication

Organizational skills

Customer service

Teamwork

Attention to detail

Formazione

High school diploma or equivalent

Strumenti

Microsoft Office

Descrizione del lavoro

Description

We are seeking a dedicated and detail-oriented Loss Mitigation & Quality Control Supervisor to oversee the servicing of loans, ensuring compliance with all relevant policies, procedures, and regulations. This role offers an excellent opportunity to lead a team responsible for managing loan collections, loss mitigation efforts, foreclosure processes, bankruptcy actions, and REO management, contributing to the financial health and regulatory compliance of our organization. Additional responsibilities include, but are not limited to:

• Responsible for collection, loss mitigation, and foreclosure recommendations, and recommendations for charge off for all mortgages, home equity and consumer loans, construction loans in accordance with Investor, MI Company, Federal, State, local, and Rondout Savings Bank's policies and procedures.
• Assisting with collection of Commercial loans when needed.
• Maintaining a high level of understanding of all investors and MI Collection and Loss Mitigation products and programs.
• Managing all investors and rank REO through disposition.
• Managing bankruptcy actions from notification through clearance.
• Managing foreclosure actions from referral through reinstatement or acquisition.
• Preparing delinquency and loan loss reserve reports monthly.
• Reporting monthly to investors, MI companies and management, as required.
• Managing repossessions, as needed.
• 1099 preparations and submissions, as needed.
• Responsible for monthly and quarterly reporting including vacant and abandoned property reporting, investor delinquency and status reporting, MI company delinquency and status reporting, NYSDFS 90-day notice issuance and subsequent reporting, as required.
• Completing VOSR on a quarterly basis, as it pertains to delinquent loans.
• Monitoring and recommending loans to non-accrual and accrual status based on the bank's policies and procedures.
• Handling credit bureau disputes received through e-Oscar or by the borrower ensuring that the information provided to the credit is accurate and correcting errors timely.
• Checking new loan setups for both residential mortgage and consumer loans to ensure accurate boarding to core system.
• Performing the monthly Freddie Mac reconciliation for Freddie Mac custodial accounts and any other accounts, as needed.
• HELOC monitoring including draw period expiration notices and conversion from draw period to repayment period.
• ARM monitoring including interest rate changes and notifications.
• Keeping abreast of changes in credit bureau reporting changes, system updates, and other task requirements and recommending updates to procedures, as needed.
• Pulling reports and reviewing, and updating accounts - daily, weekly, or monthly as required and correcting any exceptions as needed for both residential mortgage and consumer loans including posting and others, as needed.
• Performing a monthly reconciliation of Freddie Mac custodial accounts.
• Keeping abreast of changes in investor, MI, federal, state, and local requirements and updating procedures accordingly and recommending changes to policy when needed.

Requirements

Knowledge and Skill Requirements

• Educational & Certification Qualifications: High school diploma or equivalent.
• Experience Qualifications: Must have 1-3 years of experience in banking.
• Exhibits strong analytical and query writing skills.
• Excellent verbal and written communications skills, along with analytical and organizational skills, customer service experience, ability to work independently and as a team.
• Attention to detail and ability to meet deadlines.
• Proficient in Microsoft Office.

Physical Requirements

• Prolonged periods of time sitting at a desk and working on a computer.
• Ability to walk up and down stairs.
• Must be able to lift up to 10-20 pounds at times.