TD Bank Loss Mitigation Specialist III- Falmouth, Maine in Falmouth, Maine

Auto req ID 168959BR

Job Title Loss Mitigation Specialist III- Falmouth, Maine

Job Status Full Time


Province/ State Maine

City Falmouth

Location Falmouth - Gray Rd

Business Line Other

Job Category - Primary Operations & Underwriting

Job Category(s) Operations & Underwriting

TD Description About TD Bank, America's Most Convenient Bank®

TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 8 million customers with a full range of retail, small business and commercial banking products and services at approximately 1,300 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealth®, and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit at Find TD Bank on Facebook at and on Twitter at .

TD Bank, America's Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol "TD". To learn more, visit at .

Job Description

The Loss Mitigation Specialist III performs a variety of activities related to reducing potential losses from problem accounts. Specializes in or leads the activities of one or more of the following areas: Loss Mitigation, Bankruptcy, Probate, and Workout.

Job Requirements

•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.


•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

Hours 8-5


At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live in and serve, and creating an environment where every employee has the opportunity to reach her/his potential.

If you have a disability that requires an accommodation to complete the application process, please e-mail TD Bank's HR Compliance Department at Please include your full name, contact information and details about your request within the e-mail.

EOE/Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity.

**Province/State (Primary) Maine

City (Primary) Falmouth