REO Specialist lll

Summary:

The REO Specialist III is responsible for monitoring an assigned portfolio Real Estate Owned (REO) properties from acquisition through disposition to ensure disposition of REOs in as timely a manner as possible. Ensure properties are properly maintained and secured. Work with vendor assigned for the marketing and disposition of properties. File final insurance claims, oversee timely payment of bills and expenses associated with properties, and prepare Loss Analysis.

Essential Job Functions:

• Monitor marketing of all REO properties

• Review Property Disposition Plans, Listing Agreements, Sales Contracts and Settlement Agreements

• Prepare final proceeds accounting once REO property is disposed.

• Work closely with vendor marketing REO properties

• Work closely with Property Preservation department on inspecting and securing REO properties

• Identify Freedom REOs

• Monitor and prepare information sent for hazard claim filings.

• Prepare spreadsheets, stage LoanServ system with REO flags.

• Work with management team on all REO information

• Track down deeds to put in Freedom Mortgage name

• Prepare weekly, monthly reports

• Maintain regular and punctual attendance.

Other Related Duties:

Performs other related duties as assigned.

Supervisory Responsibilities:

This position has no supervisory responsibilities.

Education and/or Experience:

• High School Diploma required.

• Bachelor’s Degree from a Four (4) year College or University preferred.

• 2-5 years related experience in handling REO properties, filing of final insurance claims, reviewing listing agreements, sales contracts, HUD I Settlement Statements and/or training; or equivalent combination of education and experience.

• Excellent organizational skills.

• Attention to detail with a high level of accuracy.

• Analytical and Problem Solving skills.

• Excellent communication skills

• Strong decision making skills

• Ability to meet deadlines in a fast paced environment.

• Strong team player.

• Ability to manage time well and prioritize tasks

• Microsoft Office experience and advanced Excel knowledge

• Strong work and business ethics

• Ability to effectively present information to management

• Ability to read, analyze and interpret documents such as legal documents, policies and procedures and financial reports

• Ability to effectively write reports and correspondence

• Ability to define problems, collect data, establish facts and draw valid conclusions

• Proficient in computer skills and knowledge of word processing, spreadsheets, accounting, general ledgers, accounts receivable, accounts payable and e-mail internet software

• Professional appearance and demeanor

• Ability to work with minimal supervision

• Must be able to handle high volumes in a fast paced environment

• Ability to meet critical departmental and insurer/investor guidelines with accuracy and efficiency

• Ability to build relationships with both internal and external clients/vendors

Language Skills:

Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or government regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.

Mathematical Skills:

Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry. Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.

Reasoning Ability:

Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

Customer Service Relationships:

Assesses and diffuses problem situations and requires influencing others to reach consensus. Requires tact and diplomacy to handle difficult customer relationships. Explores alternatives and creative solutions to meeting the needs of customers.

Work Complexity:

Problems and issues faced are general but require analysis of FFOC’s policies and procedures, as well as external best practices and regulations, to assess and resolve.

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to sit and talk or hear. The employee is occasionally required to stand; walk; use hands to finger, handle, or feel; and reach with hands and arms. The employee must occasionally lift and/or move up to 25 pounds.

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Work is normally performed in a typical interior office work environment which does not subject the employee to any hazardous or unpleasant elements. The noise level in the work environment is usually moderate.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to sit and talk or hear. The employee is occasionally required to stand; walk; use hands to finger, handle, or feel; and reach with hands and arms. The employee must occasionally lift and/or move up to 25 pounds.

Equal Employment Opportunity:

Freedom Mortgage is committed to providing equal employment opportunities to all employees and applicants without regard to race, ethnicity, color, sex, marital status, sexual orientation, gender identity or expression, pregnancy, religion, national origin, age (40 and over), disability, military status, genetic information, or any other basis protected by applicable federal, state, or local laws.

Americans with Disabilities Act:

Applicants as well as employees who are or become disabled must be able to satisfactorily perform the essential job functions of the position either with or without reasonable accommodation. Applicants as well as employees are encouraged to meet with Human Resources as the organization shall review reasonable accommodations on a case-by-case basis in accordance with applicable law.

Job Responsibilities:

The statements reflect the general duties and responsibilities considered necessary to perform the essential functions of the job and should not be considered as an all-inclusive list of all the work requirements of the position. Freedom Mortgage Corporation may change the specific job duties with or without prior notice based on the needs of the organization.