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Job Details


BMO Harris Bank

Litigation Analyst

Business and Financial Operations

All

Yearly

Full Time

No

Cedar Rapids, Iowa, United States

Address:

3925 Fountains Blvd NE

Job Family Group:

Customer Shared Services

The Default Analyst identifies, monitors, and recommends action on potential default loans to prevent charge-offs and mitigate loss, in accordance with bank policies and applicable state/provincial and federal law. Default is also directly responsible for collecting, processing and disposition of approximately $500MM worth of defaulted and non-performing loans. The timely processing of these accounts is critical to a healthy Bank balance sheet. Areas of Default Servicing include: Bankruptcy, Charge-off, Probate, Foreclosure, Gain/Loss, Insurance, Litigation, and Taxes. The Default Specialist will complete other related duties as assigned.

Qualifications

  • In-depth knowledge of Legal process for Foreclosure, Bankruptcy or Litigation. Must be able to handle complex situations related to these areas such as counter-suits. Must comply with all Regulatory guidelines in these areas.
  • Ability to analyze appraisal and make judgments relative to the validity of third-party values including analyzing data provided on the form provided for completeness, accuracy and thoroughness.
  • File claims against probate estates or for claims against hazard insurance.
  • Analyze and make decisions relative to offers being made to settle a loan against the net present value of the collateral. Make value judgments relative to the decision to foreclose, charge-off loans in a timely basis according to FFIEC guidelines, Accounting rules and Regulator mandates.
  • Protect collateral throughout the Default process and make expense decisions relative to that protection. Ensure recoverability of any advances made for same.
  • Ability to read and comprehend pertinent default-related documents (title reports, complex real estate legal descriptions, bankruptcy documents, property appraisals, Broker Price Opinions, litigation documents, etc.)
  • Working knowledge of procedures, laws and latest regulations in applicable states, related to bankruptcy, litigation, foreclosure, REO and repossession
  • Excellent oral and written communication skills
  • Ability and willingness to work in a team environment
  • Keen analytical skills, attention to detail and ability to work independently
  • Strong and decisive problem solver
  • Ability to work effectively in a fast paced and stressful environment
  • Ability to multi-task, prioritize workload and meet deadlines
  • Strong PC skills to perform duties

We’re here to help

At BMO Harris Bank we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO Harris Bank team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at [Register to View] .

BMO Harris Bank is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. BMO Harris Bank N.A. is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.