Consumer Default Specialist I

Consumer Default Specialist I

The Consumer Default Specialist I performs a variety of administrative and legal duties related to the foreclosure, bankruptcy, repossession, litigation recovery, and loss mitigation process. The Consumer Default Specialist I interacts with borrowers, legal counsel, and other bank officials to find solutions that maximize the recovery of adversely-graded and non-performing loans.

Essential Duties and Responsibilities :

• Process foreclosure actions for consumer portfolio from cradle to grave.
• Generate and review for accuracy all legal documents and notices associated with foreclosures.
• Consult with the bank's legal counsel to determine proper foreclosure solutions that are cost effective for the bank.
• Prepare bidding instructions for foreclosure sales.
• Prepare and generate reinstatement and payoff figures along with processing receipt of funds.
• Ensure that all credit actions and communications with borrowers, bank counsel approvals, and documentation are appropriately documented on the bank's core collection system and scanned and indexed to the bank's imaging system.
• Ensure all departmental documents and activities are performed in compliance with applicable laws, regulations, policies and procedures as applicable to this position, including completion of required compliance training.
• Performs other duties and responsibilities as assigned.

If Bankruptcy Duties are assigned :

If Repossession duties are assigned :

If Litigation Recovery duties are assigned :

If Loss Mitigation duties are assigned :

Ensure that all credit actions and communications with borrowers, bank counsel approvals, and documentation are appropriately documented on the bank's core collection system and scanned and indexed to the bank's imaging system.

Ensure all departmental documents and activities are performed in compliance with applicable laws, regulations, policies and procedures as applicable to this position, including completion of required compliance training.

Performs other duties and responsibilities as assigned.

Qualifications :

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and / or ability required.

Skills :

Education and / or Experience :

Computer Skills :

Certificates, Licenses, Registrations :

Other Qualifications (including physical requirements) :

Equal Employment Opportunity Information : Simmons First National Corporation and its subsidiaries are committed to a policy of equal employment with respect to a person's race, color, religion, sex, ancestry, sexual orientation, gender identity, national origin, covered veterans, military status, physical or mental disability or any other legally protected classifications.