Foreclosure Specialist III (On-site)

Newrez LLC•Houston, TX

4d•Onsite

About The Position

The Foreclosure Specialist III monitors and processes accounts in the foreclosure process. The role manages a pipeline of foreclosure loans to ensure timely processing and compliance with investor, insurer, client, and company requirements. It handles foreclosure reviews, referrals, bidding instructions, invoice approvals, property-preservation tasks, reinstatement and payoff calculations, attorney communications, required documentation, and exception reporting. The specialist works with foreclosure counsel, vendors, and management to progress cases, develop resolution plans for aging actions, improve timelines and performance, and minimize loss. The position also supports the development of junior staff through mentoring and performs other assigned duties and projects. Employees must have a smartphone meeting company security standards and be able to install applications such as Microsoft Authenticator; employment is contingent on this requirement. The position is on-site.

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, able to work with general supervision while applying established procedures and specific standards.
Proficiency with Black Knight/LPS required.
Proficiency with 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.

Nice To Haves

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

Responsibilities

Complete pre-foreclosure reviews to ensure loans are referred for foreclosure based on company requirements.
Complete and monitor invoice approvals, foreclosure referrals, bidding instructions, and other tasks, ensuring deadlines are met.
Complete and monitor property-preservation tasks, order values, and inspections, ensuring deadlines are met.
Calculate and prepare reinstatement figures, 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 and adequate information to assigned foreclosure counsel.
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 the management team to develop strategic resolution plans for aging foreclosure actions.
Maintain working knowledge of investor, insurer, and client foreclosure requirements.
Manage attorneys to ensure the foreclosure process progresses consistently.
Ensure accounts are documented with accurate and comprehensive status updates.
Follow established company guidelines, department policies, and procedures.
Ensure compliance with investor requirements.
Identify opportunities to shorten timelines, improve performance, and minimize loss.
Assist the management team in developing talent by mentoring junior staff members.
Perform other duties and projects as assigned by management.