Foreclosure Specialist

Planet Home Lending • Meriden, CT

5d

About The Position

Join a winning team of innovative thinkers, seasoned mortgage professionals, and financial experts. Build your career at Planet—recognized as a Top Mortgage Employer by National Mortgage Professional.
Job Summary
The Foreclosure Specialist is responsible for evaluating loans to determine if foreclosure is best course for Planet Home Lending and its investors. This position will refer loans to approved attorneys, and monitor to ensure foreclosure and bankruptcy activity meets timelines established by Planet Home Lending or its investors. Maintain state and regulatory compliance. As well as assist attorney in responding to any defensive or litigated matter.

Requirements

• High School diploma required.
• Minimum two (2) years of Foreclosure, or paralegal or law firm experience
• OR
• Minimum one (1) year of default mortgage servicing
• Knowledge of mortgage banking practices and procedures including familiarity with FHMLC, FNMA, VA, FHA , USDA guidelines and timeframes.
• Working knowledge of Default Servicing procedures
• Effective verbal and written communication skills
• Strong mathematical skills
• Strong attention to detail
• Ability to multi-task and manage time effectively
• Must be flexible, organized and have the ability to manage multiple priorities and meet strict deadlines in a fast-paced work environment
• Ability to problem-solve effectively
• High proficiency in Microsoft Office products including Excel, Word, Outlook. LPS servicing system experience preferred

Nice To Haves

• College degree in Business, or work experience equivalent preferred.
• LPS servicing system experience preferred

Responsibilities

• Evaluates loans to determine if foreclosure is the best course of action for Planet Home Lending and its investors. Ensures pre-foreclosure requirements have been satisfied.
• Refer accounts to approved Planet Home Lending attorneys to initiate and foreclose within established foreclosure timelines through conveyance.
• Monitor attorney progress during the foreclosure process, instruct attorney on activities to complete actions, facilitating timely doc execution, and invoice processing.
• Maintain foreclosure workstation tracking and coding, timely reporting of foreclosure milestones, and obtaining approvals as needed from the investors or agencies.
• Uphold state and regulatory compliance prohibiting dual tracking, other foreclosure holds, and responding to complaints.
• Knowledge investor requirements to ensure the foreclosure actions are in full compliance with requirements.
• Utilizing Planet Home Lending approved attorneys to defend, resolve and/or settle any counterclaims/defenses made by the mortgagors or third parties.
• Other duties as assigned.

Benefits

• Our benefits package includes 3 comprehensive Cigna or Kaiser medical plans, dental, and vision insurance.
• We provide short term and long-term disability insurance, basic life insurance, 401(k), and 11 employer paid holidays.
• In addition, we offer supplemental benefits to include life insurance, critical illness and accident plans.

What This Job Offers

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