Senior Foreclosure Specialist

Rocket Companies•Lake Forest, CA

2d•$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