Specialist, Foreclose III - Milestone

About This Role

This role is responsible for directly working with governmental, special servicing, private label, and high-profile investors, making decisions on foreclosure issues to minimize risks and mitigate loss. The specialist will ensure compliance with agency, investor, and insurer guidelines, preparing complex reports and supporting internal staff with inquiries.

Responsibilities

• Manage past due and approaching standard FCL cases including FNMA, GNMA (FHA, VA, USDA & Private Investors)
• Follow up on all FCL actions daily/monthly to ensure investor guidelines and monthly status requirements are within compliance
• Perform document execution of various financial foreclosure documents required during the foreclosure process per Federal Compliance standards
• Ensure accounts are properly documented with actions taken, correspondence, and explanation of controllable vs non controllable delays
• Maintain knowledge in agency, investor or insurer timelines and document requirements for judicial and non-judicial foreclosures
• Review and provide HAMP certification nationwide notifications prior to foreclosure sale
• Move aged accounts to foreclosure sale, addressing low value properties timely, high balance reviews, lost liens to tax sale, prepare equity analysis with detail and accuracy
• Ensure cases have a clear & marketable title throughout the FCL process
• Examine FCL related expenses as they pertain to investor guidelines including contested/litigation
• Prepare bidding instructions for all sales incompliance with investor, insurer guidelines
• Ensure the accurate & timely referral to Bankruptcy & Post sale areas
• Endorse, certify and report all FCL sale results within 24hrs of sale
• Coordinate with Property Preservation department to secure & maintain vacant properties
• Update databases to ensure information is accurate, complete, and accessible, maintain records and files, perform periodic analyses and review of data, investigate questionable items

Requirements

• Working knowledge of foreclosure laws and terminology (7+ years)
• Knowledgeable in agency, investor or insurer timelines and document requirements for judicial and non-judicial foreclosures
• Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or government regulations
• Ability to write reports, business correspondence, and procedure manuals
• Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public
• Ability to calculate figures and amounts such as discounts, interest, commissions, and percentages
• Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists
• Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form
• Working knowledge of mortgage banking
• Familiarity with RESPA, FDCPA & federal and state laws related to legal

Qualifications

• Bachelor’s Degree from a Four (4) year College or University; or one (1) to two (2) years related experience and/or training; or equivalent combination of education and experience.
• 7+ years working knowledge of foreclosure laws and terminology. 1-2 years related experience and/or training also applies with a Bachelor's.

Skills

* Required skills