Collections Administrator
Flushing Bank

Uniondale, New York

This job has expired.


General Statement of Duties:

Provide supervisory, oversight, and reporting assistance to the VP of Collections/Foreclosure including, delinquent borrower contact, monitoring of the delinquent loan process for mortgages on properties consisting of Residential/Mixed Use, Multi-Family and Commercial Real Estate. Assist in the marketing of distressed non-performing notes to potential investors.

Major Duties and Responsibilities:

Coordination and organization of delinquent loan process and foreclosure process as outlined and defined in the Collections/Foreclosure Policies and Procedures inclusive but not limited to, the following:

Collections:

  • Supplement the collection staff with customer contact including telephone, letters, email and in-person interviews as necessary

Note and Short Sales:
  • Market delinquent mortgage notes that have been identified by the EVP Commercial Real Estate and SVP of Foreclosure/Collections to potential investors. Continue negotiations to receive highest possible bid.
  • Set up appointments for potential investors to review the interested delinquent mortgage note file.
  • Coordinate with the VP of Foreclosure/Collections in the preparation of sales sheet for senior management approval.
  • Communicate with investor and attorneys for all documents and information needed for closing.
  • Coordinate and negotiate with distressed borrowers unable to sell their property for an amount sufficient to satisfy their FB mortgage.
  • Obtain financial data and support documentation including tax returns, bank statements, hardship letters and appraisals
  • Present proposal to senior FB management
  • Convey decision of management to borrower
  • Coordinate / facilitate closing with borrower and attorney
  • Maintain records of all short sale activity

Repayment Plans, Bankruptcy, Deficiency Judgments:
  • Analyze existing delinquent accounts and make recommendations to Senior management on various options for reinstatement i.e. - repayment agreement, settlement, forbearance agreements and/or reinstatement.
  • Once recommendations are approved, prepare repayment plan recommendation and letter to implement plan. Monitor borrowers' payments to ensure they do not default.

Administrative:
  • Continual interaction with designated foreclosure attorneys including:
    • Fulfill requests from attorneys for payoff statements, escrow breakdowns, reinstatement figures and default letters.
    • Coordination of monthly status meeting, including delivery of monthly status reports from each attorney.
    • Invoice review and research
  • Prepare and update monthly and ad hoc reports for: Delinquent Loans, Loans placed in Repayment Plans, Repayment Tracking Report, Delinquent Loan Fees and Collection Report, & Note Sales

Minimum Qualifications:

Knowledge, Skills and Abilities:

  • College Graduate with a minimum of 2 years of relevant work experience or loan servicing
  • General knowledge of real estate, real estate management and real estate sales processes
  • Ability to work unassisted on multiple tasks
  • Ability to interact with various external contacts
  • Willingness to learn and, flexibility, to work within an expanding department - which shall change overtime
  • Full working knowledge of Microsoft Programs, Word, Excel, Outlook and Power Point
EOE, including Disability and Veterans

Other details
  • Pay Type Salary
Apply Now

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  • Uniondale, NY, USA


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