Collect financial information and review for possible loss mitigation options to cure the borrower’s delinquency,In the event of an incurable default, working with borrowers to liquidate their homes in an expeditious and cost-effective manner. Responsible for following the account throughout the loss mitigation process from first contact through eventual claim (if appropriate). If the borrower is uncooperative, or otherwise unable to qualify for a loss mitigation alternative, the Specialist will present the file to the team leader and/or the Holder of the mortgage for approval to refer the matter to an attorney for foreclosure. Potential to be involved in the court-mandated mediation program is a distinct possibility. Will also be involved in the oversight of property management to including review of property inspection reports, appropriate action to preserve and protect properties following the published guidelines of the Holder and/or any mortgage insurance company that may be involved in the loan. Will shadow and cross-train with the team leader in an ongoing effort to expand their knowledge and utility to the Bank. The position may also include the calling of delinquent Borrowers for payments on loans running from 15 – 90 days past due, depending on department staffing. Supervisory Responsibilities This job has no supervisory responsibilities. Qualifications To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Education and/or Experience Two year college degree or equivalent experience. Three to five years of collections, underwriting or home ownership counseling experience is preferred. Three to five years of collections, underwriting, or home ownership counseling experience is preferred. A basic knowledge of practical home ownership is encouraged.