Foreclosure Specialist III (On-site)

Newrez•Houston, TX

13h•Onsite

About The Position

The Foreclosure Specialist III monitors and processes accounts that are in the foreclosure process. This role is responsible for completing pre-foreclosure reviews, managing the progress and deadlines for various tasks such as invoice approval, foreclosure referrals, and property preservation. The specialist will also calculate and prepare financial information for attorneys, manage a pipeline of foreclosure loans, and provide accurate information to foreclosure counsel. Additionally, they will prepare bidding instructions, manage exception reports, and follow up with counsel to obtain necessary documentation. The role involves communication with attorney firms and vendors, developing strategic resolution plans for aging foreclosure actions, and maintaining up-to-date knowledge of investor and client foreclosure requirements. The specialist will also manage attorneys to ensure consistent progress in the foreclosure process, maintain accurate account documentation, and ensure compliance with company guidelines, department policies, and investor requirements. A key aspect of this role is identifying opportunities to shorten timelines, drive performance, and minimize loss. The Foreclosure Specialist III will also assist management in talent development through mentoring junior staff members and perform other duties as assigned.

Requirements

High school diploma or equivalent required.
Previous experience in law office or mortgage servicing company required.
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.
Ability to multi-task in an environment of changing priorities by maintaining a daily worklist in addition to other assignments.
All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Microsoft Authenticator.

Nice To Haves

College degree preferred.
5+ years direct foreclosure or mortgage servicing related experience preferred.
SQL/Tableau experience preferred

Responsibilities

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.