Foreclosure Specialist III (On-site)

Newrez LLC • Tempe, AZ

2d • Onsite

About The Position

The Foreclosure Specialist III monitors and processes accounts in foreclosure. The role manages a pipeline of foreclosure loans, ensuring timely processing and adherence to investor, insurer, client, and company requirements. It requires maintaining accurate account documentation, coordinating with foreclosure counsel, attorneys, and vendors, and working with management to develop resolution plans for aging actions. The specialist also identifies opportunities to shorten timelines, improve performance, and minimize loss, and supports 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.
• Must be a self-starter with excellent time-management skills and able to work with general supervision while applying established procedures and specific standards.
• Proficiency in 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 apps 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/Tableau experience preferred.

Responsibilities

• Complete pre-foreclosure reviews to ensure loans are referred for foreclosure in accordance with company requirements.
• Complete and monitor invoice approvals, foreclosure referrals, bidding instructions, and other tasks to ensure deadlines are met.
• Complete and monitor property preservation, order values, and inspections.
• Calculate and prepare reinstatement and payoff figures and other debt information for attorneys.
• Manage a pipeline of foreclosure loans to ensure timely processing and compliance with investor, insurer, and client requirements.
• Provide accurate and adequate information to assigned foreclosure counsel.
• Prepare bidding instructions for use at 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 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 have accurate, comprehensive status updates and documentation.
• Follow company guidelines, department policies, and procedures.
• Ensure compliance with investor requirements.
• Identify opportunities to shorten timelines, drive performance, and minimize loss.
• Assist management in developing talent by mentoring junior staff members.
• Perform other duties and projects as assigned by management.

Benefits

• Medical, dental, and vision insurance.
• Health Savings Account with employer contribution.
• 401(k) retirement plan with employer match.
• Paid maternity leave, parental bonding leave, and caregiver leave.
• Adoption assistance.
• Tuition and certification reimbursement.
• Employee Mortgage Loan Program.
• Employee emergency and disaster fund.
• One company-paid Volunteer Time Off day.
• Matching Gifts Program, dollar-for-dollar up to $1,000.
• Access to grants, nonprofit resources, and volunteer opportunities.
• Employee Resource Groups.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED