Foreclosure Specialist III (On - Site)

Primary Function

The Foreclosure Specialist III monitors and processes accounts that are in the foreclosure process.

Direct Reports

N / A

Principal Duties

• Completes pre-foreclosure reviews to ensure loans are referred for foreclosure based on company requirements.
• Completes, monitors progress, and ensures deadlines are met for invoice approval, foreclosure referrals, foreclosure bidding instructions and other tasks.
• Completes, monitors progress, and ensures deadlines are met for property preservation, order values, and inspections. Calculates and prepares reinstatement, payoff figures, and other debt information to attorneys.
• Manages a pipeline of foreclosure loans to ensure timely processing and adherence to investor, insurer, and client requirements.
• Provides adequate and accurate information to assigned foreclosure counsel.
• Prepares bidding instructions for utilization at foreclosure sale.
• Manages daily exception report to confirm adequate oversight of assigned pipeline.
• Completes follow-ups with foreclosure counsel to obtain all foreclosure documentation as required.
• Makes and answers calls from attorney firms and vendors.
• Works with network of attorneys and management team to develop strategic resolution plans for aging actions within foreclosure process.
• Maintains working knowledge of in-depth foreclosure requirements of investors, insurers, and clients to ensure premier performance.
• Manages attorneys to ensure Foreclosure process is consistently progressing.
• Ensures accounts are properly documented with accurate and comprehensive status updates.
• Follows established company guidelines, department policies and procedures.
• Ensures compliance with all investor requirements.
• Identify opportunities to shorten timelines, drive performance and minimize loss.
• Assists management team in development of talent through mentoring of junior staff members.
• Performs other duties and projects as assigned by Management.

Education and Experience Requirements

• High school diploma or equivalent required.
• College degree preferred.
• 5+ years direct foreclosure or mortgage servicing related experience preferred.
• Previous experience in law office or mortgage servicing company required.

Knowledge, Skill, and Ability Requirements

• Good computer and internet skills.
• Good verbal and written communication skills.
• Must be a self-starter with excellent time management skills and be able to work with general supervision applying established procedures and specific standards.
• Proficiency of Black Knight / LPS required.
• Proficiency in Microsoft Office- Outlook and Excel required.
• SQL / Tableau experience preferred
• Ability to multi-task in an environment of changing priorities by maintaining a daily worklist in addition to other assignments.

Company Perks

• 15 Paid Time Off (PTO) days and 18 after 1st anniversary!
• 9 Paid Holidays
• Employee Engagement Activities

Company Benefits :

• Medical (including Health Savings Account & Flexible Savings Account)
• Dental - RX Vision Life, Disability Insurance 401(k) Plan with company match! Employee Assistance Plan
• Performance-based Incentives
• Pet Insurance
• Advancement Opportunities Newrez NOW :
• Our Corporate Social Responsibility program, Newrez NOW, empowers employees to become leaders in their communities through a robust program that includes volunteering, philanthropy, nonprofit grants, and more
• 1 Volunteer Time Off (VTO) day, company-paid volunteer day where all eligible employees may participate in a volunteer event with a nonprofit of their choice
• Employee Matching Gifts Program : We will match monetary employee donations to eligible non-profit organizations, dollar-for-dollar, up to $1,000 per employee
• Newrez Grants Program : Newrez hosts a giving portal where we provide employees an abundance of resources to search for an opportunity to donate their time or monetary contributions
30+ days ago