REO Specialist

loanDepot • Plano, TX

6d • Onsite

About The Position

Responsible for managing all Real Estate Owned (REO) assets from post‑foreclosure sale through final disposition. This role requires strong coordination, communication, and analytical skills to ensure compliance with investor guidelines and efficient resolution of all REO activities which include minimizing loss to the company.

Requirements

• Post sale, conveyance process knowledge, mortgage terminology, and preservation experience required.
• Experience working within investor and insurer guidelines related to FNMA, FHLMC, GNMA, VA, FHA and USDA. required.
• Experience working within Federal and State regulations related to Mortgage Servicing.
• Knowledge of Microsoft Office applications with extensive usage with Excel.

Nice To Haves

• REO experience preferred.
• MSP/BK Mortgage Servicing system knowledge preferred.
• Bachelor’s Degree preferred.

Responsibilities

• Manages the REO pipeline for properties following foreclosure sale completion.
• Submits Default Cash payment requests for liens, utilities, and other approved obligations.
• Refers and tracks eviction cases with approved attorney firms through completion.
• Coordinates with third-party lienholders to support lien resolutions and ownership transfers per guidelines.
• Reviews documents for completeness and prepares them for notary execution.
• Supports CWCOT property sales, including reserve calculations and listing updates.
• Reviews contracts, settlement statements, and offers for accuracy; assists with counteroffers, concessions, and closing cost calculations.
• Updates LoanSphere and related systems to maintain accurate records and reprojections.
• Follows up with attorney firms, preservation vendors, and REO vendors to track status and meet deadlines.
• Reviews repair estimates, performs cost comparisons, and documents vendor bids.
• Processes relocation agreements, coordinates document execution, tracks move-out timelines, and submits payment requests.
• Tracks conveyance timelines, deeds, extensions, claims referrals, and extended sales activity, including redemptions and upset bids.

Benefits

• Medical/Dental/Vision
• Wellness program to support both mental and physical health.
• Generous paid time off for both exempt and non-exempt positions.
• Extensive internal growth and professional development opportunities including tuition reimbursement.

What This Job Offers

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