Operations Analyst (Loss Mitigation Operations Support Analyst)

Location:

ABOUT THE JOB:
Responsible for coordinating and administering a preventative quality control program within the Loss Mitigation department. This role involves conducting quality testing for Mortgage and/or Consumer products, critiquing existing processes, and making suggestions for best practices. The position requires identifying gaps in workflows and developing solutions to address deficiencies. Additionally, the role includes analyzing the work of team members, identifying needs for correction and remediation, and providing individual/group coaching and process development. The position also supports the remediation efforts related to internal and external audits.

ESSENTIAL JOB FUNCTIONS:

* Review and reperform the work of Loss Mitigation teammates to provide preventative controls over the work before it affects the Department, Bank or Consumer

* Auditing of work performed by internal Loss Mitigation teammates and collect data for audit reviews

* Manage daily reviews of process quality testing results and exception reporting for products ensuring timely remediation

* Coordinate control plans and analyze quality testing/results and exception reporting to identify need for corrections to achieve expected results

* Analyze quality results to determine trends, risks, and develop solutions for process enhancements

* Review and analyze borrowers' financial documents, including financial statements, hardship letter, tax returns, bank statements, pay stubs, profit and loss statements, awards letters, and credit bureau reports to complete independent assessment of initial underwriter's review and provide recommendation that influences credit decisions

* Operate as last line of defense for Loss Mitigation decisions, final modification and regulatory letters through independent assessment within RESPA required timelines

* Utilize control reports to observe agents' actual state compared to schedule state compared to service

* Complete daily reviews of high-risk regulatory driven letter/document level agreements and partners with agents/management to take action based on observations

* Operate within strict regulatory and operational SLAs

* Determine accuracy of borrower eligibility for Loss Mitigation workouts based upon proprietary, GSE, HUD, and MHA/HAMP criteria

* Identify gaps in the processes/ workflows and develop solutions to address deficiencies

* Maintain knowledge of compliance mandates, mortgage servicing policy and procedural updates and investor specific guidelines and related changes in the mortgage servicing industry

* Operate as a mentor to Loss Mitigation Underwriting and Single Point of Contact teams through informal process coaching and continuous improvement development

* Facilitate process innovation and/or special projects assigned by manager

* Perform investigation and escalation for complex or high severity complaints and remediation items

* Move process updates through a change control process to make sure all impacted parties are aware of updates, and changes needed to downstream processes are addressed as well

* Apply a continuous improvement mindset, offering suggestions on process improvements, efficiency gains, and always thinking of how to better accomplish our tasks and goals

* Assist in project management to ensure initiatives progress from idea to implementation

* Conducts Single Point of Contact workflow/control report training and provides on-going advisory support to direct system users and management

* Proven ability to comprehend and perform complex activities independently

MARGINAL OR PERIPHERAL FUNCTIONS:
Navigation in internal lending systems

REQUIRED QUALIFICATIONS:

* Associate's degree or higher or equivalent experience

* Experience in mortgage servicing, consumer products, or consumer experience

* Ability to thrive in a dynamic business environment, demonstrating flexibility and commitment

* Proven leadership and interpersonal skills

* Exceptional organizational skills with the ability to manage multiple projects and priorities effectively in a fast-paced work environment

* Strong time management and organizational abilities, with a fast-learning, self-motivated attitude and comfort in taking initiative and handling several priorities simultaneously

* Excellent analytical skills, attention to detail, and ability to work within time constraints

* Outstanding oral and written communication skills

* Ability to interact effectively at all levels within the bank

PREFERRED QUALIFICATIONS:

* Underwriting experience

* Experience in Loss Mitigation Underwriting

* Proficiency in analyzing title reports, credit reports, residential appraisals or broker price opinions, financial statements, and tax returns

* Familiarity with investor guidelines (e.g., Fannie Mae, Freddie Mac)

* Knowledge of RESPA regulations

* Experience in default management

* Previous experience in Quality Review

* Ability to quickly acquire detailed knowledge of departmental policies, practices, and procedures

* Background in operations or finance

* Strong data analysis and spreadsheet skills

* Proficiency in Microsoft Word, Excel, PowerPoint, and Outlook

* Working knowledge of regulatory and investor guidelines (e.g., FNMA, FHLMC, FHA) as they pertain to Loss Mitigation.

Key has implemented a role-based Mobile by Design approach to our employee workspaces, dedicating space to those whose roles require specific workspaces, while providing flexible options for roles which are less dependent on assigned workspaces and can be performed effectively in a mobile environment. As a result, this role may be mobile or home based, which means you may work either at a home office or in a Key facility to perform your job duties. Selected candidate will work a minimum of two days (Tuesday and Wednesday) each week at the office location.

COMPENSATION AND BENEFITS

This position is eligible to earn a base salary in the range of $46,000.00 to $65,000.00 annually depending on location and job-related factors such as level of experience. Compensation for this role also includes eligibility for short-term incentive compensation and deferred incentive compensation subject to individual and company performance.

Please click here for a list of benefits for which this position is eligible.

Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com.