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Years of Experience
Date Last Verified
Foreclosure Specialist II The candidate monitors activities of foreclosure vendors relative to the accurate and timely handling of residential mortgage loans in foreclosure in accordance with applicable state foreclosure requirements. Provides assistance and training to on-site staff of foreclosure vendors. Identifies and refers eligible loans for alternative resolutions to the Home Retention and/or Loan Modification departments. Perform all duties in accordance with company policies and procedures and all state and federal regulations. Maintains, reviews, follows-up and ensures the timely and accurate completion of all regular scheduled steps including outstanding /late steps in the foreclosure tracking templates on a daily basis. Inputs the completion date on the date the action occurs. Obtains approval, and modifies the scheduled date to a date in the future when a step in the process cannot be completed. Communicates with attorneyâ€™s/trustees via Lenstar regarding delays and requests for information. Utilizes all department reports to manage pipeline. Completes/ensures all attorney requests for additional information or documentation are provided within 24 hours of the request. Accepts and approves vendors/attorney invoices for services rendered or costs incurred within 72 hours of receipt of the invoice. Ensures all attorney fees/costs and foreclosure costs charged are within Investor, Fannie Mae, FHA, VA, and PMI allowable fees schedules. Identifies â€œexception casesâ€/lien threats on a daily basis including but not limited to tax sales, drug seizures, and contested foreclosures. Notifies the manager and the investor/insurer as required. Notifies the investor the day following the sale of the sale results. Transfers files for conveyance/claim filing and/or to REO within 24 hours after the foreclosure sale or completion of the Ratification, Confirmation or Redemption period. Processes all reinstatement funds within 24 hours of receipt; ensures CAW and suspense reflects zero balances and removes the loan from the foreclosure workstation. Clears all reconciling items/out of balance conditions in the CAW payment clearing within 24 hours. Verifies taxes and insurance maintained and paid timely. Completes monthly, investor/client, PMI, VA, and FHA (SFDMS) reporting. Documents all servicing, action taken, delays, follow-up, and phone conversations in the system notes. Compiles, maintains, and inputs all appropriate IRS 1099A/1099C information for each foreclosed loan in the same month that the foreclosure sale is held. Monitors vendor performance and notifies manager of any consistent problems (vendors inability/failure to comply with investor/insurer procedures and/or CMS requirements). Ensures all foreclosure procedural documents are imaged timely. Reviews future sales 14 days prior to foreclosure sale to ensure all requirements are met. Monitors third-party sale funds process, provides posting instructions, and properly closes out file. Monitors foreclosure Deeds and escalates any delays in obtaining the Deed that will exceed 30 days. Performs other duties and special projects as assigned. Must have a High School Diploma or equivalent work experience. Some college degree is preferred. Must have 1-2 years of foreclosure experience. Previous paralegal experience is preferred.
Job ID: 2018-6477
Company infoHiring Coordinator