Litigation Associate
L4
cenlarNew York, NY7 days ago
Occupations
Paralegals and Legal AssistantsLawyersLegal Support Workers, All OtherIndustries
All Other Legal ServicesOffices of LawyersTitle Abstract and Settlement OfficesThe Litigation Associates are responsible for monitoring high risk/litigation/title issue accounts to minimize potential client or Cenlar losses. These positions serve as a liaison between clients, upper management and attorneys, support day to day management of client initiatives that impact the Foreclosure, Bankruptcy and Post Sale Department. Some activities include but are not limited to developing reports, conducting research, attending client meetings and state/county hearings or mediations as required.
Responsibilities:
Monitors accounts identified as “high risk”/litigation/title issues, recommends and helps facilitate appropriate course of action to mitigate potential exposure
Attends monthly Credit Risk Meeting and provide updates to committee as needed
Prepares and distributes monthly client reports
Periodically assesses Policy and Procedures and advises management on improvement opportunities
Attends client meetings and provide updates on the portfolio Knowledge and understanding of Fannie Mae (FNMA) and Freddie Mac (FHLMC) servicing guides and timelines
Identifies, analyzes and disseminates trends in litigation
Maintains current knowledge and understanding of mortgage servicing with a focus on Foreclosure processing or default mortgage servicing
Travels to attend state/county hearings or mediations as needed
Participates in off-site due diligence reviews
Completes other duties and projects as assigned by management
Appropriately assess risk when business decisions are made, include but not limited to compliance and operational risk. Demonstrate consideration for Cenlar’s reputation as well as our clients, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards
Qualifications:
Bachelor’s degree or equivalent experience
Minimum of 5 years mortgage default experience or related experience preferred
Previous project management experience
Excellent communication skills; oral and written.
Thorough knowledge of FHA/VA; FNMA/FHLMC servicing guidelines and requirements
Familiar with foreclosure and bankruptcy laws in a multi-state portfolio
Detail oriented, ability to successfully manage multiple priorities, and possess the ability to meet deadlines.
Strong analytical skills
Paralegal certification and/or legal experience Able to work in fast paced environment
Working knowledge with Microsoft Office, spreadsheets and software applications
It is critical that you have an understanding of the following:
Requirements under the Real Estate Settlement Procedures Act (RESPA), specifically general servicing standards and loss mitigation practices
Requirements under the Service members Civil Relief Act (SCRA), specifically protections for Service members
Apply now
Level
MidL4
Location
New York, NY
Occupation
Paralegals and Legal Assistants
Industry
All Other Legal Services
Posted
7 days ago
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