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CR Workout Specialist I

CR Workout Specialist I

Summary: 

Responsible for verification and review of financial documentation submitted by the borrower(s) leading to the creating of a financial profile used to determine and submittal of the appropriate workout option. Managing pipeline for Liquidation options that borrower has chosen and following the accounts through to application completion. Also, handling one off and special request’s as directed by management.

Essential Duties: 

  • Reviewing financial documents for compliance 
  • Manage Pipeline from complete Application to Application end date

Skills & Abilities:

  • Excellent communication skills, both written and verbal.
  • Critical thinking skills.
  • Knowledge of mortgage servicing systems, investor guidelines, mortgage insurance guidelines.
  • Knowledge of workout strategies.
  • Intermediate PC Microsoft Office skills.
  • Thorough knowledge of federal and state laws and compliance requirements related to loan servicing.
  • Ability to maintain professional independence while working closely with business units.
  • Creative in seeking optimum solution to a problem and extensive knowledge of the mortgage loan servicing policies and procedures.
  • Must possess strong analytical skills and have the ability to
  • Ability to maintain professional independence while working closely with business units.
  • Creative in seeking optimum solution to a problem and extensive knowledge of the mortgage loan servicing policies and procedures.
  • Must possess strong analytical skills and have the ability to suggest ways to minimize compliance risk.
  • Ability to prioritize workload and balance attention toward multiple projects.
  • Understanding of secondary marketing, comprehensive knowledge of resolution strategy, ability to indentify cash flow potential in order to reduce risk and control delinquency

Experience and Education/Certifications/Licenses: 

  • Ability to suggest ways to minimize compliance risk.
  • Ability to prioritize workload and balance attention toward multiple projects.
  • Understanding of secondary marketing, comprehensive knowledge of resolution strategy, ability to indentify cash flow potential in order to reduce risk and control delinquency
  •  Loss Mitigation experience preferably in a Mortgage Serv environment preferred.
  • Experience with multiple loan products (Alt-A, Sub Prime, FHA, VA and Insured) and servicing related functions.
  • Experience with workout options such as: modifications, deed-in-lieu, short sales, repayment plans, etc. and repurchase provisions.
  • High School Diploma or equivalent.
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