Senior Foreclosure Specialist

Rocket CompaniesLake Forest, CA
$70,000 - $135,000

About The Position

Senior Foreclosure Timeline Specialists manage the advanced default pipeline that is in, near, or avoiding foreclosure. The Senior Foreclosure Timeline Specialist works in a team of other Specialists and support staff to complete tasks as needed to resolve impediments and escalate issues for resolution on active foreclosure loans.

Requirements

  • Established network of industry relationships, including mortgage servicers, attorneys, title companies, compliance providers, and other third-party vendors.
  • Strong understanding of mortgage servicing, loan resolution strategies, investor guidelines, and default management practices.
  • Knowledge of financial markets, credit and risk management principles, and the impact of market, liquidity, leverage, and operational risks on portfolio performance.
  • Advanced proficiency in Microsoft Excel, including the ability to analyze large datasets and support portfolio-level decision making.
  • Demonstrated experience in loan retention and non-retention strategies, including modifications, repayment plans, forbearance agreements, short sales, deeds-in-lieu of foreclosure, foreclosure management, bankruptcy proceedings, litigation oversight, and regulatory compliance.
  • Thorough understanding of federal and state mortgage servicing regulations, including CFPB requirements and industry best practices.
  • 5 years of Mortgage Servicing/Default of direct experience including one or more of the following portfolio types: FNMA, Conventional, FHA, VA and/or Non-Conventional
  • Experience using mortgage servicing software

Responsibilities

  • Work with law firms and title companies to gather/produce documents needed
  • Access various systems to obtain necessary documentation - including ICE/Desktop, Filenet, and other proprietary reports
  • Communicate clearly with all parties on updates and necessary items
  • Provide support and guidance to all clients, attorneys and team members while working through loan level details to support functions such as document creation, research, bidding, and issue resolution
  • Manage work queues for foreclosure by following all associated rules and working with a sense of urgency
  • Assists with escalated items to drive toward resolution
  • Manage work queues for foreclosure by following all associated rules and complying with investor guidelines
  • Consistently meet minimum production goal numbers and quality metrics
  • Find potential solutions to escalated loans using available resources
  • Identify patterns and trends for areas of opportunity on the team

Benefits

  • medical
  • dental
  • vision benefits
  • 401K retirement plan
  • paid-time off
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