Residential Mortgage Collector

Job Title

Mortgage Servicing Specialist

Job Description

Coordinates the review and collection of delinquent residential mortgage loans in various stages of delinquency or default, including pre-foreclosure and post-charge-off phases, and/or mortgages owned by the secondary market. Ensures compliance with the rules and regulations associated with servicing of secondary market loans, to avoid mandatory repurchase for failure to adhere to requirements.

Responsibilities

Collection calling of all delinquent mortgage customers from five days delinquent to implementation of foreclosure action.

Identifying residential mortgage accounts requiring legal notice letters ACT, Fair Foreclosure, ensuring these letters are promptly mailed.

Coordinates effort with Foreclosure Administrator to implement foreclosure actions and to comply with the secondary servicing requirements relating to collection and reporting activity on these loans.

Develop and formalize workout plans on residential mortgages that are severely delinquent to ensure that plan promptly and properly addresses the workout issues. Assess borrower financial situations and recommend appropriate loss mitigation options (e.g. loan modifications, repayment plans, short sales, deeds-in-lieu), with a focus on maximizing recovery while ensuring compliance with all regulatory requirements and company policies. As needed, negotiate repayment arrangements or settlement agreements to minimize losses and foreclosure actions.

Ensure compliance with all applicable regulations (e.g., CFPB, FDCPA, RESPA) and investor requirements.

Additional Responsibilities

When managing late-stage delinquent residential mortgage accounts (90+ days past due through foreclosure timelines), initiate and maintain consistent, compliant borrower contact via phone, email, and written correspondence.

Collaborate with internal departments (loss mitigation underwriting, foreclosure, bankruptcy) to ensure proper case progression.

Qualifications

High School Diploma or equivalent. Specialty: Does not apply at this level of education. (Required)

3 or more years Collection in consumer or residential loans. (Required)

3 or more years Mortgage servicing and/or default management. (Preferred)

Strong understanding of residential mortgage servicing and default management processes. (Required)

Effective communication skills, both verbal and written. Detail-oriented with strong organizational and time management skills. (Required)

Knowledge of ICE / MSP servicing platform. (Preferred)

Other Duties as Assigned by Manager

This role may perform other job duties as assigned by the manager. Each employee of the Organization, regardless of position, is accountable for reading, understanding and acting on the contents of all Company-assigned and/or job related Compliance Programs, regulations and policies and procedures, as well as ensure that all Compliance Training assignments are completed by established due dates. This includes but is not limited to, understanding and identifying compliance risks impacting their department(s), ensuring compliance with applicable laws or regulations, and escalating compliance risks to the appropriate level of management.

Pay Transparency

To provide greater transparency to candidates, we share base salary ranges on all job postings regardless of state. We set standard salary ranges for our roles based on the position, function, and responsibilities, as benchmarked against similarly sized companies in our industry. Specific compensation offered will be determined based on a combination of factors including the candidate's knowledge, skills, depth of work experience, and relevant licenses/credentials. The salary range may vary based on geographic location.

The hourly rate for this position is $18.56 - $29.38.

Benefits

Additionally, as part of our Total Rewards program, Fulton Bank offers a comprehensive benefits package to those who qualify. This includes medical plans with prescription drug coverage; flexible spending account or health savings account depending on the medical plan chosen; dental and vision insurance; life insurance; 401(k) program with employer match and Employee Stock Purchase Plan; paid time off programs including holiday pay and paid volunteer time; disability insurance coverage and maternity and parental leave; adoption assistance; educational assistance and a robust wellness program with financial incentives.

EEO Statement

Fulton Bank ("Fulton") is an equal opportunity employer and is committed to providing equal employment opportunity for all qualified persons. Fulton will recruit, hire, train and promote persons in all job titles, and ensure that all other personnel actions are administered, without regard to race, color, religion, creed, sexual orientation, national origin, citizenship, gender, gender identity, age, genetic information, marital status, disability, covered veteran status, or any other legally protected status.

Sponsorship Statement

As a condition of employment, individuals must be authorized to work in the United States without sponsorship for a work visa by Fulton Bank currently or in the future.