TD Securities ยท 13 hours ago
Loss Mitigation Specialist III (US)
Jacksonville, FL
Full-time
Onsite
Mid Level
$25/hr - $37.25/hr
3+ years expTD Securities is one of the world's leading global financial institutions and is the fifth largest bank in North America. The Loss Mitigation Specialist III is responsible for performing activities related to reducing potential losses from problem accounts, including processing bankruptcy and foreclosure activities, resolving escalated issues, and providing training to staff.
BankingFinanceFinancial Services
Responsibilities
Initiates processing and resolution of bankruptcy, foreclosure and workout activities for assigned accounts, focusing on homeownership counseling activities and negotiating workout solutions and ensuring prompt resolution of legal matters
Resolves escalated issues and problems by conferring with staff, other internal departments, outside contacts and others as necessary
Provides training and mentoring for new and less experienced staff
Participates in the development of operating policies and procedures
Works with Customers or agents of Customers to resolve delinquency and continued legal action or adverse action
Authorized to execute items such as deeds, security agreements, financing statements, assignments, releases, affidavits, and other instruments incident to those documents listed and necessary to carry out and effectuate the proper servicing and/or collection of loan debt to the bank
Provides technical guidance and assists staff with the most complex aspects of work as necessary
Coordinates with attorneys, trustees, debtors and others to research estates in bankruptcy, probate or workout in various states to minimize losses and maximize recoveries
Coordinates subsequent asset sales and other collection and recovery activities to secure maximum payback for Company owned property
Completes necessary account documentation, involving inside and outside personnel as needed
Initiates loss mitigation activities after approval of foreclosure; Coordinates asset sales and other collection and recovery activities to secure maximum payback for Company owned property
Qualification
Required
Associate's degree or work experience equivalent to associate's degree required
3+ years' experience required
Proven knowledge and experience in effective collection regulations, techniques and practices
Detailed knowledge of loan agreements and security agreements
Ability to apply understanding of bankruptcy law, principles and practices related to real estate transactions to accounts managed
Knowledge of real estate investor and insurer guidelines
Knowledge of foreclosure procedures and legal and regulatory guidelines, including mobile homes and agency loans (VA, HUD and others)
Knowledge of legal regulations relating to real estate resale after foreclosure
Communication skills, both verbal and written
PC skills
Detailed knowledge of bankruptcy law, including Chapters 13 and 7, probate and/or workout law
Knowledge of bankruptcy legal procedures, including Relief from Stay, property abandonment, Proofs of Claim, conversion of Chapter 13 to 7 and Chapter 13 repayment plans
Knowledge of workout options
Knowledge of specific regulations in various states in which Company does business
Ability to apply understanding of bankruptcy law, principles and practices related to real estate transactions to accounts managed
Knowledge of real estate investor and insurer guidelines
Knowledge of legal regulations relating to real estate resale after foreclosure
Communication skills, both verbal and written
Benefits
Health and well-being benefits
Savings and retirement programs
Paid time off (including Vacation PTO, Flex PTO, and Holiday PTO)
Banking benefits and discounts
Career development
Reward and recognition
Company
TD Securities
TD Securities is an investment banking that offers global transaction, M&A advisory, foreign exchange, and equity research services.
5001-10000 employees
H1B Sponsorship
TD Securities has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (58)
2024 (50)
2023 (38)
2022 (31)
2021 (27)
2020 (30)
Funding
Current Stage
Late StageLeadership Team
Rona Ambrose
Deputy Chairwoman
Recent News
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