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Manager-Loss Mitigation

MidFirst Bank
United States, Oklahoma, Oklahoma City
Feb 07, 2025
Description

Midland Mortgage, a division of MidFirst Bank, is one of the most successful home mortgage servicers in the county. We focus on quality and creating winning teams to execute our mission to be the top performing financial institution in the markets we serve. We are looking for strong leaders that will share in our passion for this mission and lead a team within the Loss Mitigation Department (Application Servicing, Plan Servicing and Quality Assurance) with humility and excellence. The Loss Mitigation Department is responsible for working with borrowers to create a plan to catch up on missed payments and maintain their homeownership.

As a part of the management team within Loss Mitigation, you will lead a team, focus on operational reliability and efficiency, and create an environment that both engages and equips staff to maximize performance.

Primary Responsibilities Include:



  • Meet regulatory deadlines and confirm responses are clear and accurate for all escalations
  • Establish clear expectations for employee performance
  • Identify operational and financial risks, challenge existing strategies, and implement process improvements
  • Collaborating with other departments to ensure that loss mitigation efforts are coordinated and effective
  • Oversight of operational controls to ensure compliance with investor/insurer guidelines
  • Manage various projects and performing other relevant duties as required
  • Lead efforts to ensure internal Compliance and Internal Audit findings are appropriately addressed and fully remediated
  • Provide periodic analysis and reporting of operational risk trends
  • Establish periodic review of highest risk business processes to ensure controls (manual and systematic) are sufficient, designed effectively and working as designed
  • Ensuring compliance with all servicing requirements
  • Performing preventative quality audits on multiple processes completed, providing consolidated audit finding reporting and proposing ideas to minimize/prevent findings.



Required Education / Experience:



  • Experience: 5-7 years' of related leadership experience with a history of success
  • Education: Bachelor's degree in a business-related field


Qualified candidates should have experience and demonstrated performance in these areas:



  • Demonstrated leadership and interpersonal skills with the ability to motivate and develop team members to reach or exceed performance goals
  • Aptitude to manage multiple priorities simultaneously and a capacity to work in a deadline-driven environment
  • Demonstrated ability to proactively identify and assess risks and opportunities, assess existing controls and recommend improvements
  • Demonstrated success identifying and implementing process improvements
  • Excellent verbal and written communication skills as you will be expected to confidently lead meetings and convey information
  • Demonstrated ability to clearly communicate department goals to motivate internal teams to meet understand and meet objectives
  • Excellent strategic, analytical and creative problem-solving skills, with the ability to work independently and collaboratively
  • Proficient in Microsoft Office applications


Preference will be given to candidates with experience in an operational, financial services, mortgage servicing or corporate environment.

Qualifications
Education
Bachelors of Business Administration (required)
Experience
5 - 7 years: Related leadership experience with a history of success (required)
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
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