Collections Analyst - Loss Mitigation
Location: Hoover, Alabama
Description: Regions Financial Corporation is currently interviewing Collections Analyst - Loss Mitigation right now, this vacancy will be situated in Alabama. For complete informations about this vacancy opportunity kindly see the descriptions. Summary:
At Regions, the Collections Analyst is responsible for credit risk measurement, analysis and forecasting.
Primary duties! :
Loss Mitigation:
Analyzes financial information to formulate a satisfactory resolution to assist the borrower and to mitigate bank losses and delinquencies on existing loans.
Utilizes all available resources to assist customers and cure delinquency.
Interacts with collectors, underwriters, processors, and borrower throughout the process.
Documents all aspects of the process for reporting and monitoring purposes.
Real Estate Foreclosure:
Ensures the timely and accurate decision to either charge off or foreclose on real estate loans.
Completes and reviews all legal documents in the foreclosed process and monitors accounts for activity.
Produces and coordinates evictions with attorneys.
Bankruptcy:
Maintains a good business relationship with attorneys.
Monitor activity to ensure that Motions are filed timely.
Documents all updates to appropriate system(s)! of record.
Files proof of claims timely.
Pr! events and minimizes losses.
Legal Recovery:
Reconciles accounts including resolution of inconsistencies in volumes reported by vendor and recognition and resolution of issues with inventory status.
Reviews documentation and coordinates with attorneys and third party agencies regarding properties owned by bank.
Qualifications
This position is in the Loss Mitigation Area of Collections
Responsibilities:
Must be able to perform calculations and analyze appraisals and all types of valuations, title reports, financial statements, tax returns, credit reports and other relevant data, to formulate and recommend a satisfactory resolution to assist the borrower and to mitigate bank losses and delinquencies on existing consumer loans for Regions Bank. Demonstrate strong and effective listening and negotiating skills combined with outstanding written and oral communications and analytical skills. Utilize all available ! resources to assist customers and cure delinquency. Must be able to present proposed strategies to Risk Management and Senior Management for exception review if restructure is outside established authority levels. Interact with collectors, underwriters, processors, and borrower throughout the process. Coordinate collection and restructure efforts with Regions Mortgage if applicable. Must be able to interact with realtors, appraisers, and attorneys if the situation warrants a short sale or deed-in-lieu of foreclosure. Must thoroughly document all aspects of the process for reporting and monitoring purposes. Demonstrate and comply with all state and federal regulations as well as all Regions’ guidelines and policies.
Requirements:
2-5 years of real estate lending experience and/or related real estate collections experience. Bachelor’s degree preferred, but will accept equivalent work experience. Excellent financial and credit analysis and computer skil! ls required. Must be able to develop creative solutions to complex situ! ations while adhering to federal and bank guidelines. Previous experience handling short sales with strong negotiation skills preferred. Must be very detail oriented to maintain a high level of quality and to ensure regulatory requirements are met. Strong organization and communication skills a must. Must be able to make quick, solid decisions in a fast paced, team environment. Effectively communicate with various departments within the bank, with customers, and third parties. Strong knowledge and compliance with all federal regulations required.
Bachelor's degree in a related field
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If you were eligible to this vacancy, please email us your resume, with salary requirements and a resume to Regions Financial Corporation.
Interested on this vacancy, just click on the Apply button, you will be redirected to the official website
This vacancy will be started on: Thu, 08 Aug 2013 22:33:41 GMT
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