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POST DATE 9/14/2016
END DATE 5/6/2017
JOB DESCRIPTIONOverview: About CIT
CIT (NYSE: CIT) was born in 1908 when Henry Ittleson found a new way to make financing available to businesses in St. Louis, Missouri. Soon CIT was forging paths across the country, into Canada and overseas. But time and experience have produced innovations unimagined a century ago. True to its pioneering legacy, CIT remains an agent of opportunity, providing new resources and fresh perspectives to over one million clients across thirty industries around the globe.
CIT is a financial holding company. It provides financing, leasing and advisory services principally to middle market companies across more than 30 industries primarily in North America, and equipment financing and leasing solutions to the transportation sector. It also offers products and services to consumers through its Internet bank franchise and a network of retail branches in Southern California, operating as OneWest Bank, a division of CIT Bank, N.A.
For more than 100 years, CIT has steadily innovated, providing carefully tailored financing solutions to meet the needs of a changing global economy. Along the way, CIT continually redefined what it means to be a financing partner, providing ideas as well as capital to build businesses - and relationships - that have endured for decades.
Responsibilities: * Effectively manage a short sale and deed-in-lieu loan portfolio from opening and negotiating to closing. * Maintain compliance standards as they relate to external regulatory requirements. * Meet and exceed key performance metrics as they relate to loss mitigation timelines. * Maintain communication with the borrower or agent throughout the lifecycle of the transaction. * Analyze real estate offers vs estimated loss and present recommendations to management for decisioning. * Work with 3rd party vendors to obtain required products and services that facilitate a succesful closing.
Qualifications: * Experience in default loan servicing recommended. * Excellent oral and written communication skills * Ability to review and analyze real estate offers * Ability to adapt to a fluid regulatory environment * Competence using Microsoft Office products