{"id":3720907,"url":"https://alion.io/job/wintrust-financial-default-loan-servicing-specialist","title":"Default Loan Servicing Specialist","company":{"id":6066,"name":"Wintrust Financial","domain":"wintrust.com","url":"https://alion.io/company/wintrust","size_band":"1001-5000","is_staffing_agency":false,"employer_type":"direct","is_intermediary":false,"listed_via":null,"ats_vendor":"Workday","truth_index":{"grade":"B","score":81,"open_postings":35,"ghost_share":0,"stale_share":0.714,"repost_share":0.057,"time_to_fill_p50_days":32,"computed_at":"2026-11-05T05:54:30Z"}},"role":"Operations","role_family":"Operations","seniority":null,"employment_type":"full_time","work_mode":"on_site","remote_scope":null,"remote_scope_basis":null,"remote_working_hours":null,"hiring_geo_confidence":"structured","locations":["Rosemont, United States"],"countries":["US"],"hiring_countries":[],"hiring_countries_total":0,"salary":null,"salary_estimate":null,"experience_years_min":null,"visa_sponsorship":false,"relocation_package":false,"has_equity":true,"technologies":[{"name":"Microsoft Office","optional":false}],"status":"live","first_seen_at":"2026-11-03T00:00:00Z","employer_posted_date":"2026-11-03","last_verified_at":"2026-11-05T18:56:57Z","board_verified":true,"closed_at":null,"days_open":2,"trust":{"level":"ok","repost_count":null,"flags":[],"days_open":2},"description":"Wintrust Mortgage was founded in 1981 to help customers achieve the American dream of homeownership and has since successfully navigated the ever-changing real estate market. As a full-service, federally chartered lender with offices located across the country, we’re dedicated to providing customers with a wide range of mortgage products and have the capability to lend in all 50 states. To complement the basic conventional, FHA, and VA loan programs, we are uniquely positioned to meet the needs of the continually evolving market. Wintrust Mortgage is part of Wintrust, a financial services company with more than $66 billion in assets.\nWhy join us?\nAn award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 8 years) and Employee Recommended award by the Globe & Mail (past 6 years)\nCompetitive pay and discretionary or incentive bonus eligible\nComprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few\nFamily-friendly work hours\nWith 175+ community bank locations, we offer opportunities to grow and develop in your career\nPromote from within culture\nWhy join this team?\nWe have a culture that encourages an entrepreneurial spirit\nWe offer multiple opportunities for development and upward mobility\nWhat You'll Do:\nThe Default Loan Servicing Specialist will manage the bankruptcy & foreclosure portfolio from referrals through dismal/discharge or sale to ensure that the population is processed in compliance with all state and federal laws while maintaining compliance with investor, insurer, agency, and company guidelines. In addition, the loan servicing specialist will conduct oversight for our third party subservicer, to ensure compliance within bankruptcy and foreclosure guidelines.\nContinued monitoring to ensure that all timelines are met within, State and Investor guidelines.\nReview new additions to any change of law policies to ensure capture of new regulations.\nPrepare financial figures as needed by counsel.\nFollow department checklist throughout the foreclosure & bankruptcy process.\nMonitor litigation for Mechanic Liens & Building Code Violations.\nCollaborate with construction to permanent (CtoP) loan team to resolve litigation issues and finalize draws.\nDeliver monthly & quarterly problem loan reports for senior management.\nPrepare memos for potential charge and/or risk rating changes per financial requirements.\nConduct Oversight reviews for subserviced loans from our 3rd party vendor.\nReview audits with department AVP & generate responses or remediation plans as needed\nManage a portfolio of delinquent residential loans in foreclosure & bankruptcy .\nFollow regulatory and company guidelines on the management of the portfolio of delinquent loans in bankruptcy or foreclosure. \nDiscuss account status with borrowers.\nProcess memos and approvals needed to appropriately risk rate and charge-off loans as needed. \nComplete monthly & quarterly problem loan reports for senior management.\nConduct monthly Oversight reviews for subserviced loans from our 3rd party vendor.\nMonitor exceptions and audit responses within applicable SLA’s.\nPrepare updates for management as required on defaulted populations.\nLook for ways to enhance processes throughout oversight.\nEnsure collateral is preserved and maintained during the foreclosure/bankruptcy process.\nThis may include routine site visits, ordering appraisals and coordinating maintenance and repair work.\nCoordinate the transfer of collateral into the bank’s other real estate owned department (OREO) at the conclusion of the foreclosure process.\nReview and compile responses for internal & external audits.\nMonitor exceptions and work with management to provide remediation plans as needed.\nSupervise approved attorneys and ensure timely and accurate movement through the court process.\nReview invoices and prepare for payment.\nCoordinate with the department collector and loss mitigation specialist to evaluate restructuring options for past due loans.\nMonitor Foreclosure inbox & image necessary documents related to defaulted loans. \nQualifications:\n7 plus years of extensive knowledge of residential bankruptcy law, all chapters and the foreclosure process are required.\nExcellent verbal and written communication skills.\nStrong analytic and customer service skills.\nPrior work experience in collections, loss mitigation, workout group or law firm preferred.\nBachelor’s degree or equivalent\nProficient in Microsoft Office family of products, with advanced knowledge of Excel.\nBenefits:\nMedical Insurance\nDental\nVision\nLife insurance\nAccidental death and dismemberment\nShort-term and long-term Disability Insurance\nParental Leave\nEmployee Assistance Program (EAP)\nTraditional and Roth 401(k) with company match\nFlexible Spending Account (FSA)\nEmployee Stock Purchase Plan at 5% discount\nCritical Illness Insurance\nAccident Insurance\nTransportation and Commuting Benefits\nBanking Benefits\nPet Insurance\nCompensation:\nThe estimated hourly salary range for this role is $24.04-$33.65, along with eligibility to earn an annual bonus. Actual salaries may vary based on several factors, such as a candidate’s qualifications, skills, and experience.\nFrom our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To build a company that reflects the communities we serve, we believe that fostering a unique and inclusive workplace where everyone feels valued and empowered to succeed will support our ongoing success. Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. 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