Pre-Foreclosure Specialist I
Full Time | Chicago, IL or Buffalo, NY
Description
This position will be responsible for the management of a high volume of default servicing matters, including both routine and contested foreclosure matters. The Pre-Foreclosure Specialist is responsible for timely processing of residential foreclosure matters in compliance with all state laws and regulatory requirements.
Job Requirements
- Completes pre-foreclosure reviews to ensure loans are referred for foreclosure based on company requirements
- Completes, monitors progress and insures deadlines are met for invoice approval, foreclosure referrals, foreclosure breach letters and collection letters
- Once assigned, conduct a review of the foreclosure file. Coordinate with local counsel for breach letter preparation and mailing. Following breach letter expiration, work with counsel to initiate the foreclosure action
- Prepares or causes the preparation and execution of all documents related to the foreclosure action; ensures that all actions have been taken in order to take the loan to foreclosure sale within state and investor guidelines
- Monitor attorney performance by reviewing all proceedings, records and timeframes in addition to working all system / database activities throughout the foreclosure process.
- Diligently follow up on all outstanding communications, written or verbal, internal and external
- Upon request, provides the attorney with accurate foreclosure reinstatement, payoff and judgment figures as well as accurately executed documents as required
- Perform required research on loans with questionable items (e.g. the application of payments, proper foreclosure notification, etc.)
Role Requirements
- Business Acumen
- Computer and Office Suite proficiency
- Technical capability to utilize office equipment
- Collaboration and teamwork
- Customer focused
- Communication and interpersonal competency
- Problem solver
- Organization and time management
Education/Experience
- 1 to 2+ years of in a residential loan servicing or default loan servicing department or a BS degree and prior office work experience
- BKFS/LPS experience as related to foreclosure process
- MSP knowledge and experience preferred
- Knowledge of the foreclosure industry, both judicial and non-judicial preferred
- Strong oral and written communication skills
- Demonstrated critical thinking skills
- Detail-oriented with superior organizational and time management skills
- Self-starter; takes initiative within role and responsibilities
- Demonstrated ability to prioritize, manage and escalate tasks as needed
- Ability to manage numerous different tasks at the same time
Other: : Preferred Education/Experience:
- Associate’s degree or higher is preferred