New

Collateral Risk Support

TEKsystems
$25.80 / hr
life insurance, sick time, 401(k), retirement plan
United States, Virginia, Vienna
Dec 25, 2024
TEKsystems is currently hiring a Collateral Risk Examiner to start with a Fortune 100 Finanical Institution in Vienna, VA! Job Description: To examine and evaluate documentation provided with subordination requests, collateral changes and successor in interest processing to protect and support the Equity and Mortgage Lending Portfolios. Review, research and analyze appropriate related court notices and title matters. Serve as subject matter expert to other business areas for successor in interest processes, collateral changes, and collateral subordinations. * Research, respond, and track escalated, complex, and sensitive inquiries relating to successor in interest, subordinations or collateral change processing * Provide a high level of expertise to resolve complex inquiries, requests, and problems regarding liens, collateral changes, subordinations, and successor in interest that have escalated beyond initial review * Provide input to management in the development and implementation of operational improvements, strategies, and initiatives for enhancement * Review all documents such as power of attorneys, deeds, revocable living trusts, probated list of heirs, and letters of testamentary to determine the successor in interest, as regulated by the CFPB * Identify risk exposures from mortgage and equity collateral transactions; perform internal/external inquiries and preliminary investigations to protect Navy Federal financial assets; control and mitigate potential financial loss * Review and analyze subordination packages presented for accuracy, completeness, and recommend for approval * Order and analyze property valuations and credit bureau reports * Collaborate with refinancing lender or title company regarding discrepancies in documentation and set timelines for resolution of discrepancies or documents * Ensure conditions or specific rights provided to lenders on subordination agreements do not pose additional risk * Calculate percentage of additional risk associated with the loan to value (LTV) ratio due to the new mortgage * Analyze, prepare and submit valuation claims to recover a loss in assets * Monitor mortgage/equity loan guidelines and procedures to ensure compliance with guidelines and requirements * Receive and process collateral changes by making contact with member(s); respond to the inquiry by determining change type * Send letter of requirements to member, answer questions pertaining to requirements and guidelines regarding the collateral change * Communicate extensively with external settlement attorneys, surveyors, or title companies, as well as survivors of deceased, attorneys, or title companies regarding the documents required Additional Skills & Qualifications Call center/phone experience is required Phone, admin and customer service experience are all required Mortgage is preferred but not required since it can be taught Go getter/autonomous person who can work with little direction but is also a team player and can work with others. Preferred not a must: Microsoft suite (Excel) Multi-task and organizational skills Distraction free work environment Schedule:* Monday - Friday, 9:00am - 5:30pm EST Location: Vienna, VA/ hybrid schedule with two days per week onsite Pay and Benefits The pay range for this position is $25.80 - $25.80 Eligibility requirements apply to some benefits and may depend on your job classification and length of employment. Benefits are subject to change and may be subject to specific elections, plan, or program terms. If eligible, the benefits available for this temporary role may include the following: * Medical, dental & vision * Critical Illness, Accident, and Hospital * 401(k) Retirement Plan * Pre-tax and Roth post-tax contributions available * Life Insurance (Voluntary Life & AD&D for the employee and dependents) * Short and long-term disability * Health Spending Account (HSA) * Transportation benefits * Employee Assistance Program * Time Off/Leave (PTO, Vacation or Sick Leave) Workplace Type This is a hybrid position in Vienna,VA. Application Deadline This position will be accepting applications until Dec 29, 2024. About TEKsystems: We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company. The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.