Foreclosure Specialty Representative ll

Dovenmuehle Mortgage, Inc. • Lake Zurich, IL

2d • Hybrid

About The Position

This role monitors and expedites the handling of foreclosure processes on assigned loans within the guidelines of FHA, VA, PMI, Fannie Mae, Freddie Mac, private investors, and state laws. The Foreclosure Specialty Representative II partners with foreclosure attorneys to ensure loans/files are worked timely, accurately, and in accordance with applicable guidelines. This position may handle a higher volume of files and escalated issues than junior staff, and ensures all actions to take a loan to foreclosure are within the appropriate investor and required guidelines and timeframes. This includes, but is not limited to, filing of first action, service, judgment, foreclosure sales, and notifying the investor. The role also involves preparing bidding instruction figures, processing sales, and updating reporting for Freddie Mac DFRI, Fannie Mae Laser, and HUD SFDMS. Additionally, the representative processes invoices, verifies amounts, remits payments, and keeps foreclosure screens updated. A key responsibility includes training and mentoring junior staff, actively participating in identifying process improvement opportunities, and successfully completing annual regulatory compliance training.

Requirements

• Bachelor’s degree or equivalent combination of education and experience.
• Solid PC skills: Proficient with Microsoft applications and loan servicing platforms.
• Strong analytical and problem-solving skills and attention to detail.
• Ability to handle complex, multiple tasks simultaneously in a fast-paced environment.
• Effective verbal and written communication skills with demonstrated ability to always interact in a positive and professional manner with all levels of both internal and external audiences.

Nice To Haves

• Paralegal certificate/experience.
• Experience with MSP.

Responsibilities

• Partner with foreclosure attorneys to ensure loans/files are worked timely, accurately, and in accordance with applicable guidelines.
• Handle a higher volume of files and escalated issues than junior staff.
• Ensure all actions to take a loan to foreclosure are within the appropriate investor and required guidelines and timeframes. This includes, but is not limited to, filing of first action, service, judgement, foreclosure sales, and notifying investor.
• Prepare bidding instruction figures for all loan types.
• Process the sale on all loan types.
• Timely and accurately update reporting for Freddie Mac DFRI, Fannie Mae Laser, and HUD SFDMS.
• Process invoices, verifying amounts are within established guidelines, and payments remitted timely.
• Keep foreclosure screens accurately updated.
• Train and mentor junior staff.
• Actively participate in identifying process improvement opportunities within the department.
• Successfully complete annual regulatory compliance training.
• Additional duties as assigned.

Benefits

• Medical, Dental, Vision, Wellness, Flexible Spending Account, and Employee Assistance Program and more.
• Employer paid Life Insurance, Short Term Disability, and Long-Term Disability.
• 401 (K) Plan with company match
• Paid Vacation, Sick, Personal and Holidays

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level