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Supervisor, Loss Mitigation Foreclosure

Company: Hancock Whitney
Location: New Orleans
Posted on: March 27, 2020

Job Description:

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JOB FUNCTION / SUMMARY:
Administers and manages the foreclosure department which consists of handling foreclosure actions on active consumer and small business real estate secured loans as well as deficiency actions results from foreclosure.

ESSENTIAL DUTIES & RESPONSIBILITIES:
Supervises Loss Mitigation Foreclosure Specialists and administers the foreclosure process for consumer and small business loans.
Responsible for ensuring that the department acts in compliance with Fair Debt Collection Practice Act and CFPB guidelines.
Acts as the liaison for the Bank to the attorneys assigned to effect the consumer foreclosures.
Provides accurate periodic reporting to management and responds to internal requests timely.
Reviews all loan documentation prior to submitting to an attorney for foreclosure including review of appraisals, title searches, mortgages, notes, guarantees, NPV s, etc.
Assigns file to Foreclosure Specialist to engage outside counsel and in some cases handles the foreclosure process on specific files.
Ensures that loan is charged down in accordance with bank policy.
Reviews and approves partial charge downs, and/or final charge offs within approval authority.
Reviews and approves all legal documents prepared by outside counsel for posting or filing with the court.
Reviews appraisals on properties prior to sale date to determine any issues or concerns over value.
Reviews and approves bidding instructions and coordinates instructions with outside counsel and ensures a timely completion of the foreclosure action.
Contacts counties on delinquent taxes and ensures all delinquent taxes are paid.
Supplies any requested information on contested foreclosure actions.
Responds to third party inquires; does research on payment and escrow issues.
Ensure all recoveries system notes are appropriate; timely and descriptive on pending action.
Identifies need for filing of title claims.
Monitors outside counsel to ensure that the files are being worked timely.
Attends mediations and depositions as needed.
Follows up with attorney to get Certificate of Tile, Trustee s Deed and/or Sheriff s Deed from foreclosure sale and third party foreclosure sale proceeds.
Follows up on sale notices and memorializes notices received from inferior lien holders.
Ensures that the deficiency suit is filed on accounts with a deficiency after the foreclosure sale is completed.
Ensures that Foreclosure Specialist are updating foreclosure logs and Debt Manager as to the progress of the foreclosure or deficiency action.

SUPERVISORY RESPONSIBILITIES:
The incumbent manages associates and is responsible for the overall direction, coordination and evaluation of the assigned unit and carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring and training employees; planning, assigning and directing work; appraising performance; rewarding and disciplining associates; addressing complaints and resolving problems.

MINIMUM REQUIRED EDUCATION, EXPERIENCE & KNOWLEDGE:
Associates degree and/or 5+ years of experience in banking, finance, and/or mortgage servicing is required. Must have a workable knowledge of the litigation process associated with specific state foreclosures; e.g. affidavit process, demand, summary judgment
Must have a workable knowledge of state property tax matters as well as HOA matters
Must have a workable knowledge of PMI and claims process
Must have a complete understanding of the state loan documents and their purpose

ESSENTIAL MENTAL & PHYSICAL REQUIRMENTS:
Ability to work under stress and meet deadlines
Ability to operate a keyboard if required to perform the essential job functions
Ability to read and interpret a document if required to perform the essential job functions
Ability to travel if required to perform the essential job functions
Ability to lift/move/carry approximately 10 pounds if required to perform the essential job functions. If the employee is unable to lift/move/carry this weight and can be accommodated without causing the department/division an undue hardship then the employee must be accommodated; hence omitting lifting/moving/carrying as a physical requirement.

DISCLAIMER
This job description is only valid as of the date it was revised. Please contact the HR Compensation Department to obtain the latest version. Information contained herein should be treated as confidential to Hancock Whitney.
NOTHING IN THIS JOB DESCRIPTION RESTRICTS MANAGEMENT'S RIGHT TO ASSIGN OR REASSIGN DUTIES AND RESPONSIBLITIES TO THE JOB AT ANY TIME.

Equal Opportunity/Affirmative Action Employers. All qualified applicants will receive consideration for employment without regard to race, color, religious beliefs, national origin, ancestry, citizenship, sex, gender, sexual orientation, gender identity, marital status, age, physical or mental disability or history of disability, genetic information, status as a protected veteran, disabled veteran, or other protected characteristics as required by federal, state and local laws.

Keywords: Hancock Whitney, New Orleans , Supervisor, Loss Mitigation Foreclosure, Accounting, Auditing , New Orleans, Louisiana

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