Senior Specialist (REO- Real Estate Owned team) in Brooklyn, OH at Key Bank- Corporate

Date Posted: 10/2/2019

Job Snapshot

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

Job Description

Job Description Summary:

The Senior Specialist will be responsible for the completion of all aspects of the REO loan closing process from Initiation to Sale. This will include reviewing title commitments, marketing plans, closing packages, working with asset management companies, signing agents, closing offices and attorneys. Candidate must be able to strategically apply resolution logic to meet required compliance, quality, costs, and timeframe needs.

Job Description:
As part of the Real Estate Owned team, specialists are responsible for but not limited to:

o Update the System of Record and transfer the asset from Foreclosure/Deed In Lieu/Sr Lien sales to AMC/Auction
o Supply financial transfer information to the internal accounting team per procedure
o Work with external Attorney to monitor the recordation of the Deed
o Partner with the Property Preservation Team to prepare the asset for sale ready condition
o Review Real Estate Title for any problems that may affect sale and work with AMC to clear any issues
o Reviewing Valuations for Fair Market Value
o Reviewing Broker submitted Marketing Plan
o Decisioning List Price Reductions based off AMC Broker feedback and review for potential change in marketing strategy
o Acceptance or denial of submitted offers on assets per procedure
o Preparation of the closing package for execution per procedure
o Work with the AMC for receipt of sales proceeds
o Review and disposition any Code Violations/Government official escalations either from the AMC or internal mail
o Recurring Servicer Performance Calls
o Review the REO Mailbox daily to respond to any inquiries or REO related documents
o Investor related tasks
o Daily/Weekly/Monthly reporting review to oversee the timely movement of assets through REO
o Review your portfolio monthly to ensure proper timelines and milestones are being achieved to sell the REO asset

Prior Work Experience/Training Required:
REO Asset Management
Investor Guidelines as it pertains to Real Estate Owned properties
Cost Analysis
Vendor Relationship Management
Advanced Microsoft Excel

Required Education:
Bachelor’s Degree or Work Experience Equivalent

Required Professional Characteristics:
-Action and results oriented – Enjoys working hard; is action oriented and full of energy for the things he/she sees as challenging; not fearful of acting with a minimum amount of planning or supervision; seizes more opportunities than others; creates focus, identifies risks or potential issues and develops contingency plans to address them
-Servicer focused – is dedicated to enforcing the expectations and requirements of KeyBank servicers; establishes and maintains effective relationships
-Decision Making – Leverages business acumen to advise and consult with leaders within area of expertise; developing ability to draw insight from risk intelligence and make valuable recommendations
-Drive For Results – Can be counted on to exceed goals successfully; is constantly and consistently one of the top performers; very bottom-line oriented; steadfastly pushes self and others for results.
-Interpersonal Savvy – Relates well to all kinds of people, up, down, and sideways, inside and outside the organization; builds appropriate rapport; builds constructive and effective relationships; uses diplomacy and tact; can diffuse even high-tension situations comfortably.
-Learning on the go – Learns quickly when facing new problems; a relentless and versatile learner; open to change; analyzes both successes and failures for clues for improvement; experiments and will try anything to find solutions; enjoys the challenge of unfamiliar tasks; quickly grasps the essence and the underlying structure of anything.
-Problem Solving – Demonstrated ability to analyze and interpret complex problems or processes, identify and understand requirements, and develop alternate solutions
-Excellent communication and documentation skills (verbal and written)
-Ethics and values - Adheres to the highest standards in these areas and exhibits the ability to maintain them in the face of adversity


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.


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