Default Specialist II
About The Position
The Default Specialist is responsible for minimizing risk exposure by working in partnership with Foreclosure, Bankruptcy, and REO vendors, in addition to Title Resolution and Closing Attorney resources to administer foreclosure cases requiring higher levels of proficiency due to complexity (analytical, technical, and business knowledge components). As the Default Specialist, it is important that you perform all duties in accordance with company policies and procedures and state and federal laws. The Default Specialist will: Manage and report on financial and accounting aspects of assigned portfolio, including performance and profitability, timelines of disposition, overall characteristics, status and general reporting to senior management Provide useful and timely feedback to the Manager about market conditions, problem areas, legislation and any conditions which may impact established goals Lead title and vesting process, including collateral issues, and work with vendors and custodians as necessary Provide support to local and outside to review and comment on court documents, assist in resolution of litigation matters and attorney inquiries, and consult with counsel on escalated borrower issues received by default management Coordinate and attend deposition, mediation, and trial date appearances with counsel and senior department personnel Perform other related duties as required and assigned Demonstrate behaviors which are aligned with the organization’s desired culture and values
Requirements
- High School Diploma / GED
- 3+ years of relevant work experience
- Thorough knowledge of loan servicing, foreclosure, bankruptcy, REO, legal and title
- Must be highly proficient in Excel and Word
Nice To Haves
- Financial Services and, if possible, mortgage industry experience preferred
Responsibilities
- Manage and report on financial and accounting aspects of assigned portfolio, including performance and profitability, timelines of disposition, overall characteristics, status and general reporting to senior management
- Provide useful and timely feedback to the Manager about market conditions, problem areas, legislation and any conditions which may impact established goals
- Lead title and vesting process, including collateral issues, and work with vendors and custodians as necessary
- Provide support to local and outside to review and comment on court documents, assist in resolution of litigation matters and attorney inquiries, and consult with counsel on escalated borrower issues received by default management
- Coordinate and attend deposition, mediation, and trial date appearances with counsel and senior department personnel
- Perform other related duties as required and assigned
- Demonstrate behaviors which are aligned with the organization’s desired culture and values
Benefits
- Comprehensive Medical, Dental, and Vision
- Paid Time Off Programs including vacation, holidays, illness, and parental leave
- Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations)
- Retirement benefits, life insurance, 401k match, and tuition reimbursement
- Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
Number of Employees
5,001-10,000 employees
