Job Description

Mortgage Foreclosure Coordinator

Position Title: Mortgage Foreclosure Coordinator

Business Unit: Mortgage Administration

Reports To: Supervisor of Mortgage Default Servicing

Position Overview: This position is primarily responsible for the day-to-day handling of mortgage secured loans in late stage delinquency, including but not limited to collections, loss mitigation and foreclosure management.

The incumbent is responsible for attempting to contact the borrower to initiate a plan to cure the delinquency to avoid foreclosure initiation. If no plan can be made, the incumbent compiles required data to initiate the foreclosure referral to outside counsel. The incumbent will manage vendors and ensure compliance with investor and insurer, state, federal and Bank requirements.

Primary Responsibilities

• Monitors foreclosure loans and ensures that foreclosure actions on individual accounts are completed in a timely manner according to investor and insurer, state and regulatory guidelines minimizing financial losses to the corporation.
• Analyzes and designs strategies to minimize all losses via management of attorney and to enhance overall foreclosure process.
• Effectively manages assigned queued accounts by setting appropriate follow-up and next steps to adhere to investor/Bank guidelines and procedures.
• Conducts field maintenance within the general servicing and collection system to ensure adherence to FCRA and Bank policies related to status fields.
• Completes equity analysis and provides recommended course of action such as charge off/legal action.
• Ensures collection system is clearly and fully documented related to all collection, loss mitigation and foreclosure calls, emails and written communication.
• Responsible for the review, approval and tracking of vendor invoicing.
• Conducts SCRA search in accordance with Bank policy.
• Monitors property condition and escalates situations in which the condition is compromised.
• Gathers and analyzes research data such as statutes, decisions and legal articles, codes and documents.
• Reviews and validates legal documents including discovery, briefs, pleadings, appeals, contracts and affidavits.
• Serves as a Bank representative at hearings, depositions and mediations.
• Maintains attorney communication via phone/email.
• Manages the compliance related aspects of the residential mortgage division to insure that functions conform to CFPB, OCC, SCRA, FCRA, FDCPA and other state, federal and Bank requirements.
• Responsible for special projects and reporting required by investors such as FHLMC/FNMA/FHLB.
• Maintains current data of new and pending laws and regulations directly affecting the division.

Minimum Education and Experience

Minimum Education: High School or GED

Minimum Years Experience: 5

Special Skills

• Excellent organizational, analytical and interpersonal skills
• Excellent customer service skills
• Excellent project management skills
• Ability to work and multi-task in a fast paced environment
• MS Word - Intermediate Level
• MS Excel - Intermediate Level
• Ability to use a personal computer and job-related software
• BA or BS preferred
• Experience in servicing GSE-Portfolio Foreclosure, Bankruptcy and Collection loans
• Familiar with general mortgage servicing practices
• Excellent negotiation skills

Physical Requirements

N/A

Equal Employment Opportunity

It is the policy of F.N.B. Corporation (FNB) and its affiliates not to discriminate against any employee or applicant for employment because of age, race, color, religion, sex, national origin, disability, veteran status or any other category protected by law. It is also the policy of FNB and its affiliates to employ and advance in employment all persons regardless of their status as individuals with disabilities or veterans, and to base all employment decisions only on valid job requirements. FNB provides all applicants and employees a discrimination and harassment free workplace.

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