Mortgage Workout Specialist I – Loss Mitigation

Fifth Third Bank; Cincinnati (OH); On-site; USD 45,000 - 65,000; Full time

Job summary

Fifth Third Bank in Cincinnati, Ohio is looking for a Collections Specialist to assist in loss mitigation processes. The role requires analyzing financial statements, negotiating workout options, and ensuring compliance with regulatory standards.

The ideal candidate will have a strong background in collections or default servicing, along with excellent communication and organizational skills. This position allows for career growth in a supportive environment with competitive compensation and benefits.

Qualifications

• Minimum 2 years collections or default servicing experience.
• Ability to evaluate a customer’s situation without judgment.
• Knowledge of reviewing financial statements and credit reports.

Responsibilities

• Analyze borrower financial statements and recommend alternatives.
• Negotiate and pre-approve workouts.
• Facilitate contract negotiations in real estate sales.

Skills

Collections and default servicing

Understanding of FDCPA and state laws

Excellent communication skills

Microsoft Word and Excel proficiency

Strong organizational skills

Education

High School Diploma or equivalent

Job description

Fifth Third Bank in Cincinnati, Ohio is looking for a Collections Specialist to assist in loss mitigation processes. The role requires analyzing financial statements, negotiating workout options, and ensuring compliance with regulatory standards.

The ideal candidate will have a strong background in collections or default servicing, along with excellent communication and organizational skills. This position allows for career growth in a supportive environment with competitive compensation and benefits.