Property Preservation Specialist in Brooklyn, OH at Key Bank- Corporate

Date Posted: 1/27/2018

Job Snapshot

  • Employee Type:
  • Location:
    4910 Tiedeman Road
    Brooklyn, OH
  • Job Type:
    Admin - Clerical
  • Experience:
    Not Specified
  • Date Posted:
  • Job ID:

Job Description

Job Title:
Property Preservation Specialist
Please note multiple positions are available

Job Description Summary:

This position is responsible for monitoring and engaging actions on loans to ensure properties are regularly inspected and maintained according to state/county/municipal regulations, internal bank rules, and investor guidelines. Candidate must be able to strategically apply resolution logic to meet required compliance, quality, costs, and timeframe needs.

Job Description:
As part of Property Preservation loan management, specialists are responsible for but not limited to:

Inspections Placements Validations
Inspections Photo QC Review for scorecards
Prop Pres Photo QC Review for scorecards
Code Violations/Government official escalations
Recurring Servicer Performance Calls
NYS FTV Registration
Prop Pres Fee Validation breakdown requests from customers
Preservation Mailbox Management
Investor related tasks
Bid Review and Approval, Denial, or Modifications
Invoice Review Approval, Denial, or modifications.

Qualified candidates should possess proficient skills and preservation knowledge in the following areas:
Investor/Industry knowledge:
Detailed applicable investor knowledge for each investor/insurer (FHA, FNMA, etc.) with regard to preservation allowables, pricing, life of loan vs per occurrence, required compliance timeframes, and investor guidelines.
Knowledge proficiency and importance understanding of Initial/subsequent Inspections, FTV, Initial Secure requirements, bidding and invoicing requirements, placing properties into “conveyance” condition.

Property Occupancy supporting conditions:
Ability to factor in all visual and reported property conditions to validate occupancy reported via property inspections or preservation work.

Roof Damage:
Ability to identify signs of an active roof leak through interior and exterior photos.
Basic roof components knowledge on sheathing, felt, shingle types, ice/water shield, drip edge, flashing, soffit, fascia, pitch definitions, and rafters
Mathematical ability to calculate squares, tarps, and/or materials needed based on the roof’s square footage, pitch, and/or house square footage and stories, and its adjacent water drainage systems’ linear footage.

Water Damage:
Ability to identify active mold/water damage through interior and exterior photos.
Ability to potentially investigate through photos the potential source of water intrusion through photo evaluation of:
Roofing Structure to include boots, vents, flashing, chimneys, and exhaust pipes
Interior attic photos evaluation of rafters and beams
Exterior flashing, gutters, downspouts, and extensions to identify broken, hanging, detached, damaged or visibly clogged drainage
Exterior basic visual ground grade assessment to identify potential water pooling at foundations
Interior basement wall assessment for specific structural types cracks such as staircase cracks, bowing, breaks, deterioration, and seepage/possible hydrostatic pressure to validate/invalidate as source
Interior Basement floor assessment cracks, breaks, deterioration, seepage/possible high water table issues to validate/invalidate as source
Basic visible understanding of hot water line connections, plumbing to include line identification for copper, steel, PVC, and PEX, identifying other connections such as a line set from an exterior AC unit to an interior air handler, furnace, or blower.
Knowledge of an operational sump pump, applicable types and testing per type.
Understands the difference between flood damage and water damage.
Ability to calculate square footage of affected water damage areas to validate bids and invoices submitted for mold damage.

Mold Damage Remediation:
Ability to identify the presence of mold vs general stain/wear and tear through interior photos.
Knowledge proficiency of appropriate products used to remediate mold/water damage-such as when KILZ is appropriate vs Dry Lock.
Ability to identify correct procedure and products required for mold remediation based on hard vs absorbent surfaces.
Ability to calculate square footage of affected mold areas to validate bids and invoices submitted for mold damage.

Structural damage:
Ability to identify structural damage through interior and exterior photos.
Ability to visually gauge between true structural damage to a foundation or load bearing portion of a structure vs. surface cracks, settling, and wear and tear.

Ability to identify debris through interior and exterior photos
Ability to distinguish between items classified as personal property vs. debris and hazardous materials.
Ability to accurately calculate cubic yardage of debris through interior and exterior photos.
Ability to validate and calculate cubic yardage removed through trailer/container validation and measurements.
Other basic damage identification:
Ability to identify potential fire damage through interior and exterior photos
Ability to identify vandalism through interior and exterior
Ability to identify an unfinished renovation through interior and exterior photos

Effective cost management through repair approvals and invoice validation:
Ability to identify and accurately estimate repairs costs for repair bids submitted for approval.
Ability to identify and validate worked performed in comparison with cost per unit measures for invoices submitted for repair work completed.

Prior Work Experience/Training Required:
Property Preservation/REO Preservation
Preservation Invoice Validation vs Work Completed
Preservation Bid Review and Analysis
Investor Preservation Guidelines
Client Account Management
Cost Analysis
Vendor Management
Advanced Microsoft Excel

Required Education:

Bachelor’s Degree or Work Experience Equivalent

KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $134.5 billion at March 31, 2017. Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. KeyBank is Member FDIC.

KeyBank has administrative services in place that help support the business. These include: Finance, Human Resources, Legal, and Marketing. KeyBank’s Corporate Center supports strategic initiatives through multiple teams which provide distinctly different, yet interrelated, disciplines for the KeyBank Leadership team and its business groups. The Corporate Center protects and enhances Key’s brand through thoughtful and deliberate messaging and responsible banking. Our proactive approach and significant expertise engage both internal and external constituents – employees, clients, shareholders, investors, regulators, legislators, community advocates – by adding value, positively influencing their perceptions, and instilling a sense of confidence in Key.


KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

JobID: 25073BR