Vacant Property Associate

MidFirst Bank; Oklahoma City (OK); On-site; USD 38,000 - 52,000; Full time

Job summary

MidFirst Bank seeks a Vacant Property Associate to monitor loan files for vacant and delinquent properties through foreclosure. You will review inspection reports, manage vendor communications, and ensure repairs meet insurer guidelines.

This is an on-site administrative role with emphasis on timely, accurate processing and coordination. The position requires up to one year of related office experience, strong communication, organization, and problem-solving skills, and the ability to learn new

Qualifications

• Candidates must have up to one year of relevant office experience.
• Strong communication skills are required.
• Bias for action and proactive mindset.
• Strong organizational skills and time management to meet deadlines.
• Ability to learn and adapt to new software programs.
• Strong analytical problem-solving abilities.

Responsibilities

• Review monthly property inspection reports to assess condition and progress toward disposition.
• Analyze property conditions using in-house software to identify damages and needed repairs.
• Invoicing vendor work orders to ensure approval and remediation within insurer guidelines.
• Maintain vendor communication and build relationships with external network.
• Monitor deadlines and communicate timeline changes to internal and external stakeholders.
• Assess overall risk of loss for properties to determine tolerance.

Skills

Communication

Organizational skills

Time management

Problem solving

Vendor coordination

Learning software

Education

High School diploma

Job description

Description

The Vacant Property Associate position is responsible for monitoring loan files for vacant and delinquent properties through the foreclosure process. The primary responsibilities of the role will include completing reviews of property inspection reports provided by external vendors, external vendors of property condition changes, and invoicing vendor repair completion orders. The Vacant Property Associate will take an active role in partnering with external vendors to ensure the property is being serviced within insurer guidelines. The position will be responsible for monitoring deadlines and ensuring there is clarity between internal and external stakeholders.

This position is responsible for the following actions:

• Monthly inspection report review to evaluate overall property condition and progress toward disposition
• Property condition analysis, utilizing in house software, to determine which damages need to be resolved and if new or worsening conditions exist
• Invoicing work orders submitted by vendors to ensure work completed was approved and remediated within insurer guidelines
• Vendor communication and relationship building with external network
• Deadline and timeline management; to include notification of timeline changes to internal and external stakeholders
• Property Risk Assessment to determine if overall risk of loss on the property has exceeded acceptable tolerance

**This position is fully onsite functioning in an administrative/clerical capacity processing loan level property preservation files**

Qualified candidates will possess:

• Candidates must possess up to one year of relevant office related work experience to be considered
• Strong communication skills
• Bias for Action
• Strong organizational skills
• Ability to learn and adapt to new and developing software programs
• Strong analytical problem solving skills
• Time management / ability to meet deadlines
• Assertiveness and ability to provide clear direction

Preference will be given to candidates who have previous property preservation, mortgage servicing, quality control, or auditing background.

**Incomplete applications will not be considered**

Qualifications

Education

High School (required)

Experience

Up to one year of relevant work experience (preferred: property preservation or property management) (required)

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities. This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.