Job Category: ADMINISTRATION - MI Requisition Number: LOSSM001095 Posted: Apr 29, 2024 Full Time MICHIGAN MAIN OFFICE SOUTHFIELD, MI 48076, USA

Job DetailsDescriptionAbout Sterling Bank & Trust, FSB: Sterling Bank & Trust provides a comprehensive choice of banking solutions, innovative loan products, and outstanding personal service to individuals, professionals, businesses, and commercial customers as a trusted neighborhood bank. We're known for highly competitive deposit rates, expertise in mortgage lending, and keeping deposits at work in the local community. Our customers know that they can stop by any branch and be treated like family. Since the Bank was founded in 1984, our customers have trusted us to help them handle their banking and financial needs. With over $2 billion in assets, Sterling Bank & Trust continues to grow better to serve our customers in communities across the U.S Position Summary: The Loss Mitigation Specialist works with a portfolio of delinquent loans and loans serviced by others to maintain asset quality, full compliance, and quality assurance with all Bank and regulatory guidelines regarding default administration, foreclosure, alternatives to foreclosure, resolution options. Essential Duties and Functions (include but are not limited to): Performs collateral evaluations and written analyses of equity position to recommend Foreclosure, Charge Off or Legal action.Employs loss mitigation techniques to discuss programs available to borrowers with imminent default or in default.Provides administrative support duties including reporting, system coding, process changes and forms management.Coordinates with attorneys, trustees, debtors and others to research estate in bankruptcy, probate or workout in various states to minimize losses and maximize recoveries.Review loss mitigation package documentation in accordance with Regulation X to determine if the homeowner qualifies for a loss mitigation option.Monitor OCC bulletins, Fannie Mae, FHLB and other guidelines for compliance within the department.Initiate direct contact with borrowers to assess borrower's situation and obtain repayment options to reduce potential losses to the bank in accordance with regulations and company policies.Assists Customers in processing insurance claimsPartners with external vendorsObtains, reviewed and analyzes property value opinionsInbound and outbound calling and follow-up.Assist with rewriting department Policies and Procedures.Other duties may be assigned.Completes all required product, service, and compliance training as it relates to the position and employment with Sterling and adheres to BSA Policy and procedures.Perform all the above duties consistent with professional ethical standards, including reporting any observed ethical violations to the appropriate management, management and/or Board level committees, and/or the Bank's ethics hotline.Other duties may be assigned. Core Competencies: Integrity Sets high standards of honesty for self and others; transparent intentionsSelf imposes standards of excellence to ensure no aspect of work is neglectedDemonstrates trustworthiness and takes responsibility for one's actionsKeeps commitments that align with Sterling's Code of Business Conduct and EthicsInclusion Treats people with dignity and respectObjectively considers others' ideas and opinionsCreates a welcoming environment and promotes cultural competencyActively seeks opportunities to volunteer and partner with non-profit agenciesContinuous Learning Completes all required training to ensure complianceIdentifies and participates in learning activities that lead to professional growthStays informed on industry trends and changes to achieve individual, team and organizational goalsActively seeks and utilizes feedback to improve and continue to grow professionally within the BankSynergy Utilizes oral and written communication to enhance the relationships between teams, customers and th