• Real Estate Team Lead

    Job Locations US-MI-Grand Rapids
    ID
    2018-3874
    # of Openings
    1
    Type
    Full Time
    Category
    Legal/Compliance/Audit
  • Overview

    Lake Michigan Credit Union established in 1933 is one of the largest financial institutions in Michigan and one of the largest credit unions in the nation! For several years running, LMCU has earned inclusion as one of the 101 Best and Brightest Companies to Work For in West Michigan, Metropolitan Detroit and nationally!

    This award is based on key metrics like communication, work-life balance, employee education, diversity, recognition, retention and many others. This award recognizes our efforts to build a strong, sustainable business presence without sacrificing employee benefits, growth or wellbeing.

    As an employee, you'll enjoy a stimulating, professional atmosphere, supported by the latest technology, training and development. You will be encouraged to refine your existing skills in an environment of empowerment, gain new experiences, and progress to the limits of your own motivation. Our comprehensive benefit package for full-time employees includes health, dental, vision and life insurance, tuition assistance, 401(k) and pension plan options for retirement savings, paid volunteer time and paid time off that allows you to balance work and home life.

    Position Overview:

    To assist the Real Estate Default area with collection activity on all Mortgage types and ensuring that all efforts from within the Real Estate Area comply with all State, Federal & Investor Guidelines at all times. This person will need to schedule & track training sessions as needed for all employees along with reviewing daily activities as needed.

    Responsibilities

    • Provide & track training sessions for all areas within Real Estate Default, including but limited to: FMAC, FNMA, USDA, VA & FHA Loans.
    • Assist with monthly audits from within LMCU & Third Party Vendors ensuring that all required documentation is provided.
    • Monitor all Loss Mitigation options & activities including but not limited to: Collection Calls, Repayment Plans, Forbearance Plans, Short-Sales, Foreclosures, Modifications to ensure all required steps & procedures are followed in accordance with State, Federal & Investor Guidelines.
    • Assist VP of Loss Prevention with Employee quarterly reviews & appraisals for all Real Estate Staff.
    • Monitor all LMCU OREO properties on a monthly basis to ensure all efforts are being conducted to limit LMCU exposure time & cost.
    • Assist with DQ calling as needed at all stages of delinquency to ensure DQ levels of .15% or less on accounts 61 Days + Past Due and .45% or less on Total DQ.
    • Keep Management Aware of all items relating to concerns within LMCU & the Real Estate Department.

    Qualifications

    • A minimum of one year up to three years of similar or related experience, including preparatory experience.
    • A high school degree or equivalent
    • Proficient interpersonal skills when communicating with others.

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