Careers

Job Openings >> Director (Liquidations)
Director (Liquidations)
Summary
Title:Director (Liquidations)
ID:1607
Department:Loss Mitigation
Location:Houston, TX
Description

Summary:

Develops appropriate collection procedures, staffing levels, cost control, inventory management and process management to optimize recoveries on various types of distressed mortgage loans and other distressed assets. This role focuses on liquidation strategies including short sales and deeds in lieu of foreclosure and is responsible for the overall department liquidation workout performance.

 

Responsibilities:

  • Oversee the department liquidation strategies (including short sales and deeds in lieu), responsible for overall performance

  • Develop new and improve on existing liquidation processes in order to maximize liquidation performance

  • Oversees the daily operations of Loss Mitigation to ensure compliance with all company, state, and federal guidelines.

  • Develops and implements all departmental processes and procedures to maximize resources and minimize expenditures. Reviews existing processes and procedures for same.

  • Develops ongoing and special project strategies as well as phone calling and mailing campaigns to minimize associated risk.

  • Coordinates, compiles and analyzes data for distribution and presentation to associated departments and Executive Leadership.

  • Reviews Workout Plans (i.e. Short Pay-offs, Loan Modifications and Deed-in-Lieu-of Foreclosures) for feasibility and compliance.

  • Reviews Security Covenants to ensure compliance.

  • Communicates potential risk exposure to Executive Leadership.

  • Assists in the development of unit Business Plans and Budgets to meet Company-forecasted future-growth requirements.

  • Creates and maintains job descriptions.

  • Develops and implements performance metrics and work standards.

  • Drafts and publishes formal guidelines and procedures.

  • Evaluates job performance and, as necessary, administers disciplinary action.

  • Provides training and develops career paths for all direct reports.

  • Interviews and hires all departmental staff.

  • Performs periodic Performance Reviews and recommending salary adjustments.

  • Develops various letters and solicitations to increase borrower response to Workout options.

  • Develops and tracks employee incentive plans for monthly performance.

  • Oversees and tracks all modified loans in Special Servicing. This includes mod completion data as well as mod performance data.

  • Performs detailed monthly analysis on various portfolios to forecast performance.

  • Reviews and tracks monthly expense reports to ensure departmental costs are correct.

  • Develops various cost to service models for Loss Mitigation and REO to ensure profitability of the department.

  • Tracks departmental interaction with other Servicing Departments.

  • Acts as the key contact with other departments and divisions within the Company.

  • Undertakes Special Projects related to departmental activities.

  • Communicates and monitors complaints and irate customers.

  • Manages the timely notification of loans to Servicing Departments wherein the contract conditions have not been met.

  • When needed, carries out due diligence on potential portfolios to determine capability of arrears management and loss mitigation procedures.

Qualifications/Skills:

  • Extensive experience in real estate and asset management

  • Short sale and/or REO experience highly desired

  • Self-motivation

  • Detail-orientation

  • Effective organizational skills

  • Excellent listening, comprehension and negotiation skills

  • Effective verbal and written communication skills

  • Ability to multi-task and follow-through to completion of assignments

  • Knowledge of Mortgage Banking and trends in Loss Mitigation—specifically as it relates to Financial Privacy, Fair Lending, Collections, Bankruptcy, Workouts, Foreclosure, Loan Modification Programs, Agency Regulations, etc.

  • Ability to conceptualize and establish operational and control enhancements for computer systems

  • Ability to assist Loan Counselors with training and question answering

  • Ability to assist with complaint and irate calls

  • Proven experience motivating, coaching, monitoring and evaluating staff performance

  • Advanced PC-skills—with knowledge of Microsoft Excel, Word and Access

  • Preferably 10 years combined experience in Mortgage Banking, Insurance, Loan Origination, Collections, Loss Mitigation, and/or other related fields

  • Preferably 5 years’ experience in Loss Mitigation

  • At least 3 years’ experience in management positions

Educational Requirements:

  • A 4-year college degree in Business Administration or other analytical field.

Alternatively, you can apply to this job using your profile on one of the following sites:


Powered by ApplicantStack

Shellpoint Mortgage Services is proud to be a part of the Shellpoint LLC family.