Fifth Third Bank
Make banking a Fifth Third better
We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank. GENERAL FUNCTION:
Responsible for completing and filing investor/insurer claims within required guidelines to recoup Fifth Third's investment in properties. This includes claims related to loan principal, accrued interest, and corporate or escrow advances, as well as bank incentives for timely filing during the loan's life cycle. The residential mortgage portfolio includes approximately 325,000 loans, with 75% investor owned or insured, requiring claims upon default. About 200 claims are filed monthly, recouping around $30 million annually. The role also involves filing Loss Mitigation claims with investors/insurers. Risk and Compliance:
Accountable for risk management by adhering to policies, elevating concerns, and ensuring actions promote a positive customer experience. Operates within the bank's risk appetite, actively managing and reporting risks. DUTIES & RESPONSIBILITIES:
Start all claims within five business days of receipt from loss mitigation or foreclosure. File all investor/insurer claims within guidelines to minimize exposure to curtailments and fines. Track all claims monthly for status updates and proceeds. Post claim proceeds within 48 hours of receipt, including principal, interest, escrow, and other advances, up to $1 million weekly. Close accounts to ensure balances are zero through charge-off and system updates. Coordinate with attorneys to handle evictions, title issues, and conveyances efficiently. Collaborate with property preservation and claims vendors to maintain properties per investor/insurer standards. Supervisory responsibilities: None Minimum Knowledge, Skills, and Abilities:
High school diploma required. Good organizational skills. Mathematical proficiency. 0-2 years mortgage default or servicing experience preferred. Proficiency in PC applications, including advanced Excel, Word, and Access. Location: Cincinnati, Ohio 45227 Fifth Third Bank is committed to an inclusive culture and equal employment opportunity for all, regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military or veteran status, or other protected classes.
#J-18808-Ljbffr
We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank. GENERAL FUNCTION:
Responsible for completing and filing investor/insurer claims within required guidelines to recoup Fifth Third's investment in properties. This includes claims related to loan principal, accrued interest, and corporate or escrow advances, as well as bank incentives for timely filing during the loan's life cycle. The residential mortgage portfolio includes approximately 325,000 loans, with 75% investor owned or insured, requiring claims upon default. About 200 claims are filed monthly, recouping around $30 million annually. The role also involves filing Loss Mitigation claims with investors/insurers. Risk and Compliance:
Accountable for risk management by adhering to policies, elevating concerns, and ensuring actions promote a positive customer experience. Operates within the bank's risk appetite, actively managing and reporting risks. DUTIES & RESPONSIBILITIES:
Start all claims within five business days of receipt from loss mitigation or foreclosure. File all investor/insurer claims within guidelines to minimize exposure to curtailments and fines. Track all claims monthly for status updates and proceeds. Post claim proceeds within 48 hours of receipt, including principal, interest, escrow, and other advances, up to $1 million weekly. Close accounts to ensure balances are zero through charge-off and system updates. Coordinate with attorneys to handle evictions, title issues, and conveyances efficiently. Collaborate with property preservation and claims vendors to maintain properties per investor/insurer standards. Supervisory responsibilities: None Minimum Knowledge, Skills, and Abilities:
High school diploma required. Good organizational skills. Mathematical proficiency. 0-2 years mortgage default or servicing experience preferred. Proficiency in PC applications, including advanced Excel, Word, and Access. Location: Cincinnati, Ohio 45227 Fifth Third Bank is committed to an inclusive culture and equal employment opportunity for all, regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military or veteran status, or other protected classes.
#J-18808-Ljbffr