***No agencies or 3rd party Recruiters please. Thank you! ***
Who we are:
Cornerstone Servicing, a division of Cornerstone Capital Bank, is a best-in-class mortgage servicer with a reputation for amazing service, customer satisfaction, employee retention and happiness! We employ people who are passionately committed to Cornerstone’s Mission, Vision & Core Convictions.
We honor God by using our talents to make a positive difference in the lives of our Team Members, Clients, Shareholders, Communities, and the People who provide services to us.
Who we are looking for:
The Senior Vice President of Mortgage Loan Servicing Default Management is responsible for providing strategic leadership and operational oversight for mortgage servicing default operations, including Escrow Administration and customer support functions. This role ensures effective default servicing strategies, regulatory compliance, operational efficiency, and strong risk management practices across the organization.
Key Responsibilities:
- Provide leadership, direction, and ongoing coaching to direct reports while establishing clear priorities, objectives, and performance expectations.
- Collaborate across business units to ensure alignment and execution of shared organizational goals.
- Oversee default management strategies designed to maximize asset value, including collections, loss mitigation, bankruptcy, foreclosure, and related servicing activities.
- Ensure timely and accurate filing of default-related claims to mitigate financial risk and secure reimbursement for eligible loss mitigation activities.
- Manage and develop a team of VPs and Supervisors, ensuring operational workflows comply with regulatory requirements, investor guidelines, and internal policies.
- Oversee departmental training initiatives, productivity management, employee development, and performance evaluation processes.
- Ensure default servicing activities are conducted in compliance with all applicable federal and state regulations, agency requirements, and GSE guidelines.
- Identify and implement technology solutions and process improvements that drive operational efficiency and enhance team performance.
- Maintain effective First Line of Defense controls, including quality control (QC) processes and KPI reporting, and regularly communicate performance and compliance results to leadership.
- Lead continuous improvement initiatives within default administration by directing projects, identifying operational gaps, and implementing corrective actions.
- Perform additional duties and special projects as assigned.
What you’ll need to be successful:
- High school diploma, GED, or equivalent experience required; bachelor’s degree preferred.
- Minimum of 7 years of experience in the mortgage servicing industry.
- Minimum of 5 years of experience in default administration or default servicing operations.
- Minimum of 10 years of leadership and/or management experience.
- Demonstrated experience implementing and managing First Line of Defense controls.
- Strong knowledge of federal regulations, state laws, agency requirements, and GSE/government servicing guidelines.
- Proven analytical and problem-solving skills with the ability to prioritize complex workloads and meet time-sensitive deadlines.
- Experience with workflow management, operational reporting, and KPI development.
- Exceptional organizational, time management, and multitasking abilities.
- Results-driven professional with the ability to adapt effectively in a fast-paced and evolving environment.
- Excellent interpersonal, verbal, and written communication skills.
- Ability to maintain professionalism and sound judgment in high-pressure situations.
- Demonstrated personal accountability and strong attention to detail.
What we offer:
Because we recognize and reward hard work, we offer a competitive salary, Medical, Dental, Vision, , Accidental Death, Long-Term Disability, Short-Term Disability, FSA, HSA, 401K, Basic Life, Voluntary Life, and Paid Parental Leave benefits, as well as the opportunity for a performance based bonus based on position and department.
What to do next:
If Cornerstone sounds like the place for you (and if you have the qualifications, drive, and passion to match), we invite you to become a member of our winning team! And remember, once you're a part of our Cornerstone team, we'll continue to invest in you as a valuable asset to our company. As many of our team members can tell you, there's something special about working at Cornerstone.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights (https://www.eeoc.gov/poster) notice from the Department of Labor.
