Senior Analyst- Consumer Loan Default

Location: 4910 Tiedeman Road - Brooklyn, Ohio 44144 Location: This role will require on-site training for minimally the first 2 weeks. After training is completed, the role will be Monday- Friday with Wednesday being a required day to work in the office Hours: Monday- Thursday the hours will be between 8am-7pm and Friday is a set schedule of 8am-5pm. JOB BRIEF (PURPOSE) Work with KeyBank clients/borrowers to understand specific situation; identify and request appropriate information during verbal application where customers with non-real estate (NRE) consumer loans request hardship assistance. The NRE Single Point of Contact (SPOC) uses "One Call Resolution" strategy to decision the request while customer is on the phone. Expected to engage, understand and advise borrowers of available options to resolve non real estate secured and unsecured delinquency. ESSENTIAL JOB FUNCTIONS Initiates outbound contact with borrowers to determine "reason for default", borrower intent, financial ability to repay debt, and to identify potential loss mitigation options/solutions. Balance multiple priorities and tasks such as inbound/outbound phone calls, letter generation, trial payment and document tracking. Answer inbound phone inquiries from borrowers regarding the status of loss mitigation, modifications Interviews borrowers to understand borrower's specific situation; identify and request appropriate documents required for workout review. Assists customers that are in a loan default situation to find solutions to maintain collateral ownership or to identify and discuss property liquidation options when a modification is not appropriate. Reviews and coordinates routine to complex workouts and or coordinates short sale liquidations. Knowledge and understanding default servicing, loan default legal process and legal terminology. Handle all customer emails and voice mails that are assigned Access information in multiple systems to inform borrowers of loan workout terms, important dates and deadlines. Make "good faith" payment arrangements with borrower to ensure account does not fall further behind while loss mitigation options are being evaluated. Notify and inform borrowers of changes to dates/timelines and decisions as they are made. Provide information to borrower concerning escalation/complaint procedures and process per CFPB guidelines. Efficiently handle a variety of customer inquiries, via phone call and written correspondence, regarding the customer's loan. Become a "subject matter expert" (SME) on non-real estate secured and unsecured loss mitigation options and qualification requirements. Minimize call escalations by gaining our customer's trust and keeping our promises. Prioritize quality and efficiency in resolving customer issues. Ensures compliance with all applicable federal and state laws, regulations, investor requirements and CFPB Servicing Guidelines. Maintains appropriate records and documents the system of record in order to preserve a history of actions taken or denied. Verbally collect customer financial information to render a decision on Non-Real Estate accounts Monitor for and process Trial Payments, as applicable. Operate as a loss mitigation/SPOC SME and operate as a mentor to other peers. Taking escalated calls from Peers and following-up with customers with escalated issues to identify root causes, and using problem-solving skills to resolve the issues. Work with Legal and Compliance to review and gather requested information for Executive Client Resolutions Conduct preliminary review of loss mitigation applications. Notate collection system to preserve a history of actions taken. Assign completed applications to loss mitigation analysts for analysis. Adhere to all Government Regulations and Key Bank policies. Reviewing and responding from within the escalation mailbox daily to bring peer questions and potential issues to resolution Responsible for training new hires Perform call monitoring/scoring and deliver to manager for coaching/review Act as SME within the change control process for procedure review and implementation May assist with the "on-the-job" training process, conduct loss mitigation training sessions, assess new hires, identify additional training needed, report training progress and completion to management, and maintain training materials Manage medium range loss mitigation process improvement or new projects Oversight of loss mitigation exceptions to ensure remediation is completed timely Other duties may be assigned. REQUIRED QUALIFICATIONS High School Diploma or GED Equivalent required. Two to three years of banking loss mitigation experience is required. Strong organizational and analytical skills. Strong PC skills with the ability to execute processes in the Bank standard software programs, and ability to work with minimal supervision. Must be proficient in MS Windows, MS Outlook, MS Office Suite, MS SharePoint and MS Project. Excellent verbal and written communication and listening skills. Ability to work under pressure and stress and respond to inquiries with tact, diplomacy and patience. Has knowledge of commonly used terminology, concepts and practices and procedures within the consumer non-real estate product industry -i.e. closed end loans, open ended lines of credit, credit cards, student loans. Strong business writing and math skills. PREFERRED QUALIFICATIONS Non -Real Estate Collections or default related experience is preferred. Bilingual (English/Spanish) BA/BS degree in a business related field preferred COMPENSATION AND BENEFITS This position is eligible to earn a base hourly rate in the range of $23 to $25 per hour depending on location and job-related factors such as level of experience. Please click here for a list of benefits for which this position is eligible. Job Posting Expiration Date: 12/17/2024 KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to building a diverse, equitable and inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or other protected category. 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 .

Created: 2024-11-02