Sr. Default Litigation Loan Servicing Specialist – Foreclosure

First American•Usa, SC

2d•Remote

About The Position

Responsible for handling mortgage accounts to ensure all title resolution, contested, senior lien monitoring and non-monetary default activities follow all state and federal laws. Perform a variety of default loan servicing tasks within timelines and workflow processes on files. Processes are managed in accordance with established work rules, goals & objectives to improve timeline and attorney performance. Default Loan Servicing Specialists perform duties related to early-stage, late-stage, reporting, and litigation in the default loan servicing process. Experienced team member to manage the high risk portfolio associated with the position to ensure compliance with regulatory guidelines. Oversight of counsel’s legal proceedings in the jurisdiction to ensure appropriate action is taken and all milestones are met. Service mortgage accounts to ensure a variety of foreclosure, and bankruptcy, and escalated activities are processed in compliance with all state and federal laws while maintaining compliance with Investor, Insurer, Agency and company guidelines. Act as representative to the company in witness capacity for mediations, settlement, non-jury trials, jury trials and depositions. Responsible for servicing mortgage accounts to ensure the foreclosure and bankruptcy are processed in compliance with all state and federal laws, while maintaining compliance with Investor, Insurer, Agency, and company guidelines. Conducts complete reviews of files to ensure all default time frames have been met. Manages default proceedings on assigned cases by interacting and instructing various parties such as mortgagors, attorneys, investors, insurers, trustees, appraisers, and any other party involved with the default process. Monitors attorney performance by reviewing all proceedings, records and time frames in addition to working all system/ database activities throughout the default process. Audit accounts for expense compliance and ensures proper application to system of record. Perform required research on any loan with questionable items such as the application of payments, proper notification, and any other situation that may arise. Manage exception reporting used as key controls for minimizing risk. Tracks trends and recommends process improvements.

Requirements

High School diploma or equivalent
3 + years of directly related experience such as Mortgage Litigation, Mortgage Servicing, Mortgage Title Resolution, legal and/or financial
Good verbal and written communication skills
Extreme attention to detail and ability to adhere to strict guidelines and procedures
Proficient in Microsoft Word, Excel and PowerPoint
Strong attention to detail and ability to adhere to strict guidelines and procedures
Ability to work under pressure and meet deadlines, while maintaining a positive attitude and providing exemplary internal and external customer service
Ability to work independently and carry out assignments to completion within parameters of instructions given, prescribed routines, and standard accepted practices
Ability to effectively coach, motivate and lead team members
Strong written and verbal communication skills
Strong interpersonal skills
Self-motivated; self-starter
Ability to manage multiple tasks and respond quickly to emergent problems
Candidates selected for employment will be required to successfully complete a background check and credit check as a condition of employment, where permitted by applicable law.

Nice To Haves

Paralegal Degree or Certificate preferred
College preferred
GSE and Government experience preferred
MSP and LoanSphere experience preferred
Working knowledge of computer software programs to include Windows, Microsoft Word and Excel, Internet and Microsoft Outlook experience preferred

Responsibilities

Handle mortgage accounts to ensure all title resolution, contested, senior lien monitoring and non-monetary default activities follow all state and federal laws.
Perform a variety of default loan servicing tasks within timelines and workflow processes on files.
Manage the high risk portfolio associated with the position to ensure compliance with regulatory guidelines.
Oversee counsel’s legal proceedings in the jurisdiction to ensure appropriate action is taken and all milestones are met.
Service mortgage accounts to ensure a variety of foreclosure, and bankruptcy, and escalated activities are processed in compliance with all state and federal laws while maintaining compliance with Investor, Insurer, Agency and company guidelines.
Act as representative to the company in witness capacity for mediations, settlement, non-jury trials, jury trials and depositions.
Conduct complete reviews of files to ensure all default time frames have been met.
Manage default proceedings on assigned cases by interacting and instructing various parties such as mortgagors, attorneys, investors, insurers, trustees, appraisers, and any other party involved with the default process.
Monitor attorney performance by reviewing all proceedings, records and time frames in addition to working all system/ database activities throughout the default process.
Audit accounts for expense compliance and ensures proper application to system of record.
Perform required research on any loan with questionable items such as the application of payments, proper notification, and any other situation that may arise.
Manage exception reporting used as key controls for minimizing risk.
Track trends and recommend process improvements.