Mortgage Foreclosure Analyst II

Fifth Third Bank; Cincinnati (OH); On-site; USD 55,000 - 85,000; Full time

Job summary

Fifth Third Bank in Cincinnati, OH is seeking a Foreclosure Analyst III to manage complex residential foreclosure cases, coordinating between the bank and outside counsel to meet state and investor timelines.

The role requires 3–5 years in loan servicing with mortgage default exposure, strong analytical and numerical skills, and the ability to prepare bid analyses, review legal documents, and communicate clearly with investors and internal teams.

Qualifications

• High School diploma required.
• 3–5 years in loan-servicing with mortgage default exposure.
• Effective communication with customers, vendors and coworkers.
• Advanced computer and math skills.

Responsibilities

• Manage 200 past or approaching standard FCL cases including FHLMC, FNMA, FHA/VA & Private Investors.
• Utilize reports to monitor timelines, investor guidelines, and aging of loans.
• Follow up on FCL actions monthly to ensure compliance with investor guidelines.
• Analyze & manage FCL timeline performance to keep delinquency below 10% monthly.
• Identify contested FCL and report delays to investors.
• Ensure cases with Fifth Third exposure are escalated to management & In-house legal.
• Endorse and certify all FCL sale results within 24 hours and transition REO assets.

Skills

Communication

Advanced math

Computer skills

Education

High school diploma

Tools

MS Excel

Mortgage servicing software

Job description

Foreclosure Analyst III

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 position processes 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 include calculation of judgment figures to outside counsel, bid analysis, evaluate legal invoices, and review other FCL related legal documents.

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.

BASE SALARY AND BENEFITS

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 45242

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.