What are the responsibilities and job description for the Property Preservation Specialist I position at Gateway First Bank?
Jenks, OK – Property Preservation Specialist I - what a great opportunity to break into the servicing side of the mortgage industry here at Gateway First Bank! This team is willing to teach the mortgage side to someone with excellent organization skills, superb attention to detail and the ability to effectively communicate with investors and attorneys to navigate through inspection and preservation processes. Excel skills and the ability to learn various loan systems are a must.
Along with an excellent working environment GFB offers world-class benefits such as:
- 0 copay on brand name and generic meds
- Company contribution to HSA
- $600 wellness credit on premium per year
- LegalShield & IDShield
- Tuition Reimbursement
- Nationwide Pet Insurance
Property Preservation Specialist I JOB SUMMARY:
The Property Preservation Specialist I is responsible for working with field services vendors to ensure properties are inspected, preserved and protected per investor/insurer guidelines.
Property Preservation Specialist I ESSENTIAL FUNCTIONS (KEY RESPONSIBILITIES):
- Ensures applicable monthly property inspections are ordered and completed.
- Coordinates with vendors performing property inspections, preservation and protection. Ensure all activities meet investor and insurer regulations and are within allowable costs.
- Reviews scope of reported property damage and need to file loss draft claim.
- Ensures timely receipt of police/fire reports, extension and over allowable requests from Insurer/Investor, and ensure that work is completed to Insurer/Investor specifications.
- Reviews invoices and accompanying photos from vendors for scope of work and amount requested for payment.
- Reviews property preservation bids submitted to Insurer/Investor for validity and timeliness.
- Resolves Insurer/Investor responses to extension over allowable requests and assists Property Preservation Vendor as needed.
- Ensures that properties are in conveyance condition and notify claims team to allow conveyance timelines to be met.
- Updates internal reporting with pertinent information such as the conveyance deadline, pending requests and appeals, and the status of Loss Draft claim.
- Serves as liaison between internal departments, third party vendors, clients and auditors to resolve any issues during property preservation processes.
- Exercises awareness with regard to possible suspicious activity, money laundering or fraudulent behavior and reports any such incidents to the BSA department. Performs all job functions in compliance with all company policies and federal, state, and local laws and regulations as applicable to the position, including, but not limited to BSA/AML, OFAC and GLBA/privacy rules.
- Performs related responsibilities as required or assigned.
Property Preservation Specialist I REQUIRED QUALIFICATIONS:
Knowledge/Skills/Abilities
- Basic knowledge of Insurer/Investor guidelines.
- Excellent attention to detail.
- Excellent communication skills.
- Proficient in MS Office applications.
- Ability to multitask.
- Exemplifies the Gateway Values: Growth Oriented, Make a Difference, "Get it Done" Attitude, Team Player, Do the Right Thing.
Equivalent Education/Experience
- High school diploma or equivalent.
- 0-2 years' experience with field services or default mortgage servicing.
- FiServ' LoanServ system experience preferred.
Property Preservation Specialist I SPECIAL JOB DIMENSIONS:
Work involves dealing with sensitive confidential information, plus occasional overtime.
NOTE: The essential job functions and associated qualifications contained in this document describe the general nature and level of the work performed. They are not intended to represent an exhaustive listing or be inclusive of all aspects of the job. The tasks and procedures involved in the performance of the essential job functions may vary from day-to-day. Major changes in areas of responsibility may occur, as directed by management, and will require revision of this job description.
