Legal Specialist - Default Services - Hybrid/Corporate Campus (Cleveland, OH) (Finance)
Third Federal is a leading lender of conventional home mortgages lending in 27 states, plus the District of Columbia, with retail branch offices in Ohio and Florida. Our mission is to help people achieve the dream of home ownership and financial security while creating value for our customers, our communities, our associates, and our stockholders. Our value system of love (concern for others), trust, respect, a commitment to excellence, and fun is at the heart of our commitment to our mission, and just as importantly, to our company culture. Through this, we help people find the loan or savings product that makes sense for them.
At Third Federal, you will find strength and stability in your career. In our nearly 90-year history, we have never had layoffs, and have one of the lowest annual turnover rates at 6% (versus an industry average of nearly 19%). We have been certified as a ‘Great Place to Work' multiple times in the last decade alone, and have been recognized with several additional workplace awards and recognitions. Because Third Federal associates are the foundation of our success, we take a genuine interest in each of them – from their professional development to their health and wellness.
Job Description:
Third Federal is seeking candidates for a Legal Specialist in its Default Services department. The Default Department's focus is to keep our Borrower's in their home. In this role, the Legal Specialist will be responsible for managing the foreclosure process for delinquent loans while providing excellent Customer Service and protecting the financial interests of Third Federal. The role will involve working in a collaborative, team environment and supporting the Default Servicing Managers.
Duties and Responsibilities may include:
- Exemplify and promote Third Federal's values and culture of Love (Genuine Concern for Others), Trust, Respect, Commitment to Excellence and Fun
- Interact with outside legal counsel to support the foreclosure and bankruptcy process
- Prepare bidding instructions and guidance for collateral sales
- Prepare reinstatement and payoff figures and letters
- Promote knowledge sharing and work on process improvement initiatives
Required Skills and Qualifications:
- 5+ years of mortgage lending default experience
- Experience in mortgage loss mitigation
- Detailed understanding of FNMA servicing guidelines
- Understanding of U.S. bankruptcy rules, regulations and documents
- Experience working with legal counsel to support bankruptcy, foreclosure and other legal matters
- Ability to navigate situations, make decisions and understand Customer and Associate impact
- Ability to prioritize work and maintain productivity under deadlines
- Excellent communication and interpersonal/customer service skills; including the ability to communicate clearly and effectively with both internal and external customers
- Attention to detail with effective research and analytical skills
- Demonstrate the ability to work within a team environment
Third Federal Perks & Benefits
- Competitive compensation packages
- Medical, dental, vision, and more
- 401k match
- 11 Bank Holidays + vacation/sick time
- Exceptional culture and value system
- Strong work/life balance
- Growth opportunities
- Mortgage Discount Program
- Education Reimbursement Program
Third Federal is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, ethnicity, religion, sex, national origin, gender identification or sexual orientation, disability, protected veteran status or any other classification protected under law.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
