Foreclosure Specialist III (On-site)

Newrez•Houston, TX

2d•Onsite

About The Position

The Foreclosure Specialist III monitors and processes accounts in foreclosure. This role manages a pipeline of foreclosure loans, ensures timely processing, and maintains compliance with investor, insurer, client, and company requirements. The specialist coordinates with foreclosure counsel, attorneys, vendors, and management, provides accurate account documentation and status updates, and identifies opportunities to shorten timelines, improve performance, and minimize loss. The role also supports the development of junior staff through mentoring.

Requirements

High school diploma or equivalent required.
Previous experience in a law office or mortgage servicing company required.
Good computer and internet skills.
Good verbal and written communication skills.
Self-starter with excellent time-management skills and the ability to work with general supervision while applying established procedures and specific standards.
Proficiency with Black Knight/LPS required.
Proficiency in Microsoft Office, including Outlook and Excel, required.
Ability to multitask amid changing priorities while maintaining a daily worklist and handling other assignments.
Must have a smartphone that meets company security standards and can install applications such as Microsoft Authenticator; employment is contingent on this requirement.

Nice To Haves

College degree preferred.
Five or more years of direct foreclosure or mortgage servicing-related experience preferred.
SQL or Tableau experience preferred.

Responsibilities

Complete pre-foreclosure reviews to ensure loans are referred for foreclosure according to company requirements.
Complete and monitor tasks and deadlines for invoice approval, foreclosure referrals, bidding instructions, property preservation, order values, and inspections.
Calculate and prepare reinstatement, payoff figures, and other debt information for attorneys.
Manage a pipeline of foreclosure loans to ensure timely processing and adherence to investor, insurer, and client requirements.
Provide accurate information to assigned foreclosure counsel and prepare bidding instructions for foreclosure sales.
Manage the daily exception report to ensure adequate oversight of the assigned pipeline.
Follow up with foreclosure counsel to obtain required foreclosure documentation.
Make and answer calls from attorney firms and vendors.
Work with attorneys and management to develop resolution plans for aging foreclosure actions.
Maintain knowledge of foreclosure requirements for investors, insurers, and clients.
Manage attorneys to ensure foreclosure processes progress consistently.
Ensure accounts are properly documented with accurate and comprehensive status updates.
Follow company guidelines, department policies, and procedures, and ensure compliance with investor requirements.
Identify opportunities to shorten timelines, improve performance, and minimize loss.
Assist management in developing talent by mentoring junior staff members.
Perform other duties and projects as assigned by management.