Mortgage Foreclosure Analyst II

Fifth Third; Cincinnati (OH); On-site; USD 65,000 - 90,000; Full time

Job summary

Fifth Third Bank in Cincinnati seeks a Foreclosure Analyst III to ensure timely, compliant completion of the Foreclosure process across FCL cases, coordinating with outside counsel and investors.

You will analyze bids and judgments, monitor timelines, verify title, and report risks while collaborating with default staff to transition loans between processes; strong knowledge of mortgage banking and federal/state laws is required.

Qualifications

• 3–5 years in a loan-servicing environment with exposure to Mortgage Default.
• Strong numerical and analytical abilities with attention to detail.
• Effective communication with customers, vendors and coworkers.

Responsibilities

• Manage 200 past or approaching standard FCL cases including FHLMC, FNMA, FHA/VA & Private Investors.
• Follow up on all FCL actions monthly to ensure investor guidelines and monthly status requirements are met.
• Analyze & manage FCL timeline performance to keep past-due cases under control.
• Identify contested FCL and document delays to investors.
• Coordinate with external counsel and in-house teams to ensure proper reporting and transitions.

Skills

Mortgage Foreclosure

Financial analysis

Communication

Education

High School diploma

Job description

Make banking a Fifth Third better® We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.

GENERAL FUNCTION:

Foreclosure Analyst III is responsible for ensuring the Foreclosure (FCL) process is completed accurately in adherence to mandatory state and investor timelines by acting as a liaison between 5/3 and outside counsel. This positionprocesses the residential FCL from a creditor/servicer perspective, identifying and focusing on specific mortgages that are past standard severity or approaching investor timeline standards that require immediate action. Additional duties includecalculation of judgment figures to outside counsel, bid analysis, evaluate legal invoices, and review other FCL related legal documents. Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank’s risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types. Mortgage Foreclosure Analyst II At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other.

DUTIES & RESPONSIBILITIES:

• Manage 200 past or approaching standard FCL cases including FHLMC, FNMA, FHA/VA & Private Investors.
• Utilize EDR past standard severity reports to follow up on all FCL actions, ensure investor guidelines are adhered to and measure average aging of loans.
• Follow up on all FCL actions monthly to ensure investor guidelines and monthly status requirements are within compliance.
• Analyze & manage FCL timeline performance to ensure that no more than 10% of monthly caseloads are past standard.
• Identify contested FCL and code in order to ensure the proper reporting of delays to investors.
• Ensure that all cases in which Fifth Third Bank has exposure are escalated to management & In-house legal.
• Ensure cases have clear & marketable title throughout the FCL process.
• Work closely with other default personnel to ensure a seamless transition for loan accounts from one process to the next.
• Calculate & provide financial figures related to FCL sale bids, judgments required by the court, reinstatement & payoff requests made by the borrower & attorney.
• Examine FCL related expense as they pertain to investor guidelines.
• Review collateral/partial lien releases & gather all necessary information (valuation, proposed compensation, & parcel legal descriptions, etc.) for release of collateral, analyze the proposal for its economic impact on the beneficiary of the loan &make recommendation to management.
• Analyze the valuation of the property (BPO or appraisal), the marketability of the property, and any claims possible against third parties.
• Coordinate with the Property Preservation/Collateral department to secure & maintain vacant properties.
• Prepare bid instructions for sheriff sales.
• Ensure the accurate & timely referral to BKR & Post Sale areas.
• Endorse and certify all FCL sale results within 24 hours of the FCL sale and ensure the timely transition of REO Assets.
• Working knowledge of mortgage banking, familiarity with RESPA, FFDCPA, GLBA, FFIEC & federal and state laws related to legal FCL & BKR proceedings.
• Develop a strong working relationship with network of Bank Appointed & Designated Counsels.
• Provide mentoring to new staff members, assist in special projects & other duties as assigned.

SUPERVISORY RESPONSIBILITIES: None

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

• High School diploma required.
• Minimum of 3-5 years of experience in a loan-servicing environment with exposure to Mortgage Default.
• Communicate effectively to customers, vendors and coworkers.
• Advanced computer & math skills.
• Mortgage Foreclosure Analyst II At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other.

Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location.

Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being.

You can learn more about those programs on our 53.com Careers page at https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.

LOCATION -- Cincinnati, Ohio 45227

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.

Introduce yourself to our team to stay connected on future opportunities. We look forward to finding the right place for you. Are you ready to take the next step? Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation’s highest performing regional bank, but to be the bank people most value and trust.