Property Preservation Conveyance Specialist

Planet Home Lending•Meriden, CT

2d•Onsite

About The Position

The Property Preservation Conveyance Specialist is responsible for managing a portfolio of approximately 150 loans, serving as the primary liaison between investors and vendor partners to oversee property preservation, inspections, and the successful on-time conveyance of assets. Your goal is to mitigate risk, control costs through diligent photo audits, and ensure all properties meet strict investor and HUD guidelines.

Requirements

High School diploma or GED equivalent required
Minimum 5 years in Mortgage Servicing, Property Preservation, or FHA Conveyance is required.
Proficiency in MSP (ICE) is highly preferred.
Comprehensive understanding of FHA/HUD preservation guidelines and platforms is required
Strong ability to perform photo audits and identify discrepancies in repair bid scopes is required
Excellent verbal and written skills for negotiating with vendors and collaborating with internal teams preferred.

Responsibilities

Manage an active portfolio of 150 loans, ensuring all preservation and inspection services are ordered and tracked.
Act as the central liaison for investors and third-party vendors.
Monitor daily First Time Vacant (FTV) reports to order initial secures and ensure completion within investor timelines.
Process vendor cancellations and update the MSP Property Preservation template promptly.
Ensure the successful, on-time conveyance of all FHA loans, adhering to specific HUD requirements.
Monitor loans under CWCOT (Claim Without Conveyance of Title) program to file necessary conveyance extensions.
Review all Over Allowable (OA) submissions, providing necessary supporting documentation to secure approvals.
Conduct photo audits on all completed work orders to verify that vendors are utilizing "allowable" services effectively.
Review FTV inspection reports and photos to identify and document property concerns early in the process.
Audit bid work to ensure costs are controlled and repairs are necessary and completed as requested.
Coordinate all repairs required for conveyance, ensuring work meets the proper scope and quality.
Partner with the Escrow Team and third-party insurance vendor to file and track insurance claims for insurable, surchargable, or emergency damage.
Monitor daily damage reports; escalate and document emergencies immediately to protect the asset from further depreciation.
Monitor the weekly Sale Held Report and coordinate vendor actions to align with updated sale dates.
Maintain documentation of all preservation activities per investor and regulatory guidelines.
Performs other duties as assigned