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REO SPECIALIST II

Job Field: Legal Jobs
Location: SAN FRANCISCO, CA
Salary: $Not stated
JOB SUMMARY:
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<tr><td valign="top" width="450"><b>Title: REO SPECIALIST IILocation: CALIFORNIA-SAN FRANCISCOInvest in your career. Invest in your future.At Union Bank, our people are our greatest asset. We are one of the largest banks in California with a longstanding reputation for professional training and career development. In addition to investing in our employees, Union Bank has established a generous community reinvestment program that works to uplift communities and watch them grow. We invest in a diverse workforce as our employees come from many different backgrounds, bringing with them different experiences and perspectives.Become part of a team where community, diversity, and exceptional service are part of everyone&#39;s job. Invest in you!Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $88.2 billion at September 30, 2012. Its primary subsidiary, Union Bank, N.A., is a full service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operated 402 branches in California, Washington, Oregon, Texas, Illinois, and New York as well as two international offices, on September 30, 2012. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world&#39;s largest financial organizations. Visitwww.unionbank.comfor more information.REO SPECIALIST IIJob Summary:Performs complex operational and accounting functions related to the Commercial Real Estate Owned (REO) portfolio. Supports and assists in the development, preparation and maintenance of related systems, files and reports.Major Responsibilities:Performs assignments related to a diverse group of commercial REO assets. Tasks may include but are not limited to boarding new REO assets onto Automated Financial System (AFS), adjusting the asset values in AFS, processing sales, processing REO expense vendor payments, and monitoring f insurance coverage.Ensures assignments are completed within the established timelines, in accordance with the department&#39;s service level standards.Performs accounting functions and/or research using multiple modules within AFS. Additional research may be required using the Bank&#39;s credit approval and appraisal systems, and external vendor applications.Ensures tasks performed meet all regulatory requirements including OCC, Sarbanes-Oxley, OFAC, FDIC, FDICIA, REO Accounting Policy which is part of the Corporate Accounting Policy, SAD Handbook, and other Bank policies and procedures.Provide guidance and assistance to the asset officers and management to resolve discrepancies. Investigate discrepancies between the Bank&#39;s REO records and the loan records. Perform multiple tasks to ensure that accounting transactions are accurate and timely.Ensure that REO legal documents, such as the Trustee Sale Guarantee and Title Policy, are received in a timely manner and filed in accordance to the SAD Handbook.Trains junior staff on AFS processing routines, department processes and Bank policies.Continuously exercise sound judgment to protect the Bank against undue operational risk.Support asset officers, portfolio managers and management with the implementation of the Bank&#39;s objectives.Other responsibilities as assigned by management.Additional Information:Typically prefers a high school diploma or G.E.D;3 to 4 years of experience with residential/commercial real estate loans or REO;Strong personal computer skills required especially Microsoft Office; Excellent mathematical ability as needed to perform multiple step calculations;Must be capable of performing detailed multiple tasks on a regular basis;Well-developed oral and written communication skills; andStrong interpersonal skills and a self-starter.Union Bank is committed to leveraging the diverse backg

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