Foreclosure Specialist - Remote

Position Description

Summary

Foreclosure Specialist is responsible for working directly with governmental, special servicing, private label, and high profile investors while making decisions and providing resolutions regarding foreclosure issues in order to minimize risks and mitigate loss outside of their delegated authority. Provide management with status updates and prepare a variety of complex reports to ensure compliance with all agency, investor and insurer guidelines. Support internal staff with questions regarding foreclosure loans within their delegated authority. Responsible for ensuring the Foreclosure Process is completed accurately in adherence to mandatory state and investor timelines by acting as a liaison between Freedom Mortgage and outside counsel.

Essential Job Functions

• Examine FCL related expenses as they pertain to investor guidelines including contested/litigation
• Prepare bidding instructions for all sales incompliance with investor, insurer guidelines.
• Working knowledge of mortgage banking, familiarity with RESPA, FDCPA &federal and state laws related to legal.
• Follow up on all FCL actions daily/monthly to ensure investor guidelines and monthly status requirements are within compliance.
• Develop a strong working relationship with network of Servicer Appointed and Designated Counsels.
• Ensure cases have a clear & marketable title throughout the FCL process.
• Responsible for document execution of various financial foreclosure documents required during the foreclosure process per Federal Compliance standards.
• Ensure accounts are properly documented with actions taken, correspondence, and explanation of controllable vs non controllable delays.
• Managing past due and approaching standard FCL cases including FNMA, GNMA (FHA,VA,USDA & Private Investors
• Update databases to ensure information is accurate, complete, and accessible. Maintain records and files. Perform periodic analyses and review of data. Investigate questionable items.
• Ensure the accurate & timely referral to Bankruptcy & Post sale areas.
• Endorse, certify and report all FCL sale results within 24hrs of sale.
• Reviews and provides HAMP certification nationwide notifications prior to foreclosure sale.
• Knowledgeable in agency, investor or insurer timelines and documents requirements for judicial and non-judicial foreclosures.
• Coordinate with Property Preservation department to secure & maintain vacant properties.
• Moving aged accounts to foreclosure sale, addressing low value properties timely, high balance reviews, lost liens to tax sale, prepare equity analysis with detail and accuracy, meeting timelines on each foreclosure file while closely monitoring attorneys and the overall quality performed on all daily job tasks.
• Provide mentoring to new staff members, assist in special projects as assigned.

Other Related Duties Performs other related duties as assigned.

Supervisory Responsibilities This position has no supervisory responsibilities.

Education and/or Experience Bachelor’s Degree from a Four (4) year College or University; or one (1) to two (2) years related experience and/or training; or equivalent combination of education and experience. 3-5 years working knowledge of foreclosure laws and terminology.

Type of Skill and or Licensing/Certification/Registration Software Skills

• Vendorscape
• LPS Desktop
• Microsoft Word
• Fiserv/Loanserv
• Lenstar

Language Skills Ability to read, and interpret documents such as policy and procedure manuals, safety rules, operating and maintenance instructions. Ability to write routine reports and correspondence. Ability to speak effectively before groups of customers or employees of organization.

Mathematical Skills Ability to calculate figures and amounts such as discounts, interest, commissions, and percentages.

Reasoning Ability Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several concrete variables in standardized situations.

Customer Service Relationships Requires moderate interpersonal and communication skills to ensure that customer requests or needs are met. Acknowledges and clarifies customer inquiries, requests, or complaints to ensure that needs are identified, documented and addressed.

Work Complexity Tasks are multiple and diverse with some interrelationship across processes. Work requires the direct application of a variety of procedures, policies and/or precedents.

Work Environment Work is normally performed in a typical interior work environment which does not subject the employee to any hazardous or unpleasant elements. Position requires light physical activity. Up to 10 pounds.

Employer’s Rights This job description does not list all the duties of the job. You may be asked by your supervisors or managers to perform other duties. You will be evaluated in part based upon your performance of the tasks and functions listed in this job description. The employer has the right to revise this job description at any time. The job description is not a contract for employment, and either you or the employer may terminate employment at any time, for any reason.

Founded in Mount Laurel, NJ in 1990, Freedom Mortgage has since grown into one of the largest and fastest-growing independent full-service residential lenders in the country. Licensed in all 50 states, Washington D.C., Puerto Rico and the U.S. Virgin Islands, Freedom Mortgage is the #1 VA and #1 FHA (government-insured) lender in the U.S. in 2021, according to Inside Mortgage Finance Magazine.

Our mission is to foster homeownership for all consumers across America. Freedom Mortgage has approximately 13,500 employees nationwide, proudly servicing 1.4 million homeowners.

Freedom Mortgage is one of the mortgage industry’s largest philanthropic supporters of the USO of Pennsylvania and Southern New Jersey. Through Team Freedom Cares, the company’s employee engagement and philanthropic program, Freedom Mortgage also supports many other philanthropic initiatives, including combatting food insecurity.

Freedom Mortgage was recently named a Top Workplaces USA 2022 (and earned this honor in 2021). We have offices in suburban Philadelphia and Fishers, IN, two regions where we were named a Top Workplace multiple times! We also have large operating centers countrywide, including Beaverton, OR; Boca Raton, FL; Columbia, MD; Jacksonville, FL; Plano, TX; Tempe, AZ; Troy, MI and Woodbridge, VA

If you seek a vibrant work environment, a sense of community, top training, opportunity for advancement, a comprehensive benefits package, and reward and recognition program, look no further and apply to join Freedom Mortgage today.

Freedom Mortgage Corporation is an Equal Opportunity Employer committed to workforce diversity. Qualified applicants will receive consideration without regard to age, race, color, religion, gender, sexual orientation, national origin, or their status as a protected veteran or an individual with disabilities. Local applicants encouraged to apply. Employment contingent upon successful completion of background investigation. We offer a smoke-free workplace and a drug-free work environment. Our excellent benefits package includes medical, dental, vision and 401(k). All resumes are held in confidence. Only candidates whose profiles closely match requirements will be contacted during our search. LENDER NMLS ID 2767 For more information on Freedom Mortgage visit www.FreedomMortgage.com or check us out on social media

Equal Opportunity Employer- Minorities/Females/Disabled/Veterans