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283035BRJob Title:Loss Mitigation Spec IITD Description:About TD Bank, America's Most Convenient Bank®TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 8 million customers with a full range of retail, small business and commercial banking products and services at approximately 1,300 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealth®, and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit www.tdbank.com. at http://www.tdbank.com/ Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBankUS .TD Bank, America's Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol "TD". To learn more, visit www.td.com at http://www.td.com/ .Auto req ID:283035BRCountry:United StatesJob Requirements:
Must be eligible for employment under regulatory standards applicable to the position.
Hours:40Job Description:Area (s) assigned are more complex in sizeMay meet with Customers in person to discuss workout possibilitiesWorks with Customers or agents of Customers to resolve delinquency and avoid default or adverse actionAssists Customers in processing insurance claims and requests for contractual rebatesMay initiate processing and resolution of bankruptcy, foreclosure and workout activities for assigned accounts, focusing on home-ownership counseling activities and negotiating workout solutions and ensuring prompt resolution of legal mattersCoordinates with attorneys, trustees, debtors and others to research estates in bankruptcy, probate or workout in various states to minimize losses and maximize recoveriesCoordinates subsequent asset sales and other collection and recovery activities to secure maximum payback for Company owned propertyReviews accounts for adherence to department policies as well as state and federal laws and regulations. Corrects any deficiencies with appropriate personnel prior to moving forward in processCompletes necessary account documentation, involving inside and outside personnel as needed, and recommends accounts to be reviewed for foreclosure, repossession, charge off, and or litigationMay initiate loss mitigation activities after approval of foreclosure. May coordinate auctions and other collection and recovery activities to secure maximum payback for Company owned propertyRecommends negotiated settlements to maximize recovery and minimize losses. Attends property sales and assists in developing and executing bidding strategiesReviews loan files on bankrupt accounts to determine if fraud is involved. Takes appropriate action dealing with attorneys and trustees to challenge bankruptcy if appropriateProcesses and collects insurance claims and refundable contract premiums including primary insurance, Gap insurance, service contracts, and other source of revenue available on assigned accountsAnalyzes Customers financial situation and recommends appropriate forbearance actionRepresents Company at bankruptcy, probate and workout hearingsInclusiveness:At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live in and serve, and creating an environment where every employee has the opportunity to reach their potential.If you are a candidate with a disability and need an accommodation to complete the application process, email the TD Bank US Workplace Accommodations Program at USWAPTDO@td.com . Include your full name, best way to reach you, and the accommodation needed to assist you with the application process.EOE/Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity.Province/State:MaineCity:FalmouthQualifications:2 year degree or equivalent experience5+ years related experience requiredProven knowledge and experience in effective collection regulations, techniques and practicesDetailed knowledge of loan agreements and security agreementsProven ability to understand and apply bankruptcy law, principles and practice related to real estate transactionsKnowledge of real estate investor and insurer guidelinesKnowledge of foreclosure procedures and legal and regulatory guidelines, including mobile homes and agency loans (VA, HUD and others)Knowledge of legal regulations relating to real estate resale after foreclosureGood communication skills, both verbal and writtenPC skillsBankruptcy, Probate and WorkoutDetailed knowledge of bankruptcy law, including Chapters 13 and 7, probate and/or workout lawKnowledge of bankruptcy legal procedures, including Relief from Stay, property abandonment, Proofs of Claim, conversion of Chapter 13 to 7 and Chapter 13 repayment plansKnowledge of workout techniques, including short selling and voluntary surrenderKnowledge of specific regulations in various states in which Company does businessWork Location:70 Gray RoadWest Falmouth CrossingBusiness Line:TD Bank AMCBJob Category - Primary:Operations & UnderwritingJob Category(s):Operations & UnderwritingProvince/State (Primary):MaineCity (Primary):FalmouthJob Family:Retail / Commercial OperationsTime Type:Full TimeEmployment Type:RegularFederal law prohibits job discrimination based on race, color, sex, sexual orientation, gender identity, national origin, religion, age, equal pay, disability and genetic information.
