Vacant Property Associate

MidFirst Bank; Oklahoma City (OK); On-site; USD 32,000 - 45,000; Full time

Job summary

MidFirst Bank is seeking a dedicated Vacant Property Associate to support loan file monitoring for vacant and delinquent properties through the foreclosure process. This fully onsite administrative role focuses on reviewing vendor inspection reports, coordinating property condition changes, and processing invoices.

You will partner with external vendors, track deadlines, and ensure clear communication between internal teams and vendors, with emphasis on insurer guidelines and risk assessment to

Qualifications

• High School diploma or better required.
• Up to one year of relevant office experience preferred (property preservation or property management preferred).
• Strong organizational skills and ability to manage deadlines.
• Ability to learn and adapt to new software programs.
• Analytical problem-solving abilities and attention to detail.

Responsibilities

• Review monthly inspection reports to evaluate property condition and disposition progress.
• Analyze property condition with in-house software to identify damages and needs.
• Invoicing work orders to verify approval and remediation within insurer guidelines.
• Communicate with external vendors and build relationships.
• Manage deadlines and notify stakeholders of timeline changes.
• Assess overall property risk to determine if loss risk is acceptable.

Skills

Organizational skills

Analytical problem solving

Time management

Software learning ability

Assertiveness

Clear direction

Education

High School diploma or equivalent

Job 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 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

Required

High School or better.

Experience

Required

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

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
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