Foreclosure Specialist I

  • LoanCare
  • Moon Township, PA, USA
  • Jun 25, 2019
Full time Accounting/Finance/Banking Construction/Real Estate/Facilities Customer Service/Call Center

Job Description

JOB SUMMARY

 The Foreclosure Specialist I position will report to the Foreclosure Supervisor. The incumbent 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 reporting in addition to ensuring compliance with all agency, investor and insurer guidelines. Support internal staff with questions regarding foreclosure loans within their delegated authority. 

 

ESSENTIAL DUTIES AND RESPONSIBILITIES

 

  • Responsible for document execution of various financial foreclosure documents required during the foreclosure process per Federal Compliance standards
  • Knowledgeable in agency, investor or insurer timelines and document requirements for judicial and non-judicial foreclosures
  • Receives financial foreclosure documents via the LPS system
  • Prints, reviews and executes the attorney provided foreclosure documents to prepare foreclosure loans for sheriff’s sale
  • Reviews and provides HAMP certification nationwide notifications prior to foreclosure sale
  • Works under general supervision applying well established techniques, procedures or specific standards
  • Work reviewed for soundness of judgment and overall accuracy per company and federal compliance standards
  • Executes policies at direction of supervisor and makes recommendations for change
  • Internal/External contacts: Executive Management, Senior Management, Department Staff, Corporate Staff, Financial Institutions, Investors, Agencies, Approved Attorney Network
  • All other duties as assigned

 

MINIMUM QUALIFICATIONS

 

  • High School Diploma with some college or the combination of equivalent work experience, knowledge, skills and abilities related to the position requirements
  • Knowledge of mortgage banking, familiarity with RESPA, FFDCPA, GLBA, and federal and state laws related to foreclosure and bankruptcy processes
  • Previous Default servicing experience: 1-3 years of foreclosure or mortgage default related experience (Foreclosure preferred)
  • Working knowledge of mortgage loan documentation, best servicing practices regarding foreclosure processing, default/foreclosure laws and regulations, including FNMA, FHLMC, FHA and VA
  • Strong professional and interpersonal communication skills verbally and through written electronic correspondence
  • Advanced multi-tasking and organizational skills with strong attention to detail
  • Ability to read legal terms and conditions and understand their meaning and how it applies to work processes
  • PC skills including, but not limited to, advanced Word, Excel, Access, Internet, MSP (LPS/Fidelity) application skills
  • Ability to meet strict deadlines and take direction from more senior paralegals and attorneys
  • Proven ability to prioritize workflow during high volumes and within critical timeframe
  • Self-starter who is able to work in a fast paced, multi-faceted environment

 

WORK CONDITIONS

 Working conditions are normal for an office environment.  Must have the ability to attend work and be productive during normal business hours and to work early, late or weekend hours as needed for successful job performance.  Overtime required as necessary.  Some travel may be required.

 

ESSENTIAL FUNCTIONS

 Overtime — Required as necessary

 Critical Thinking — Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

 Reading Comprehension — Understanding written sentences and paragraphs in work related documents.

 English Language — Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.

 Speaking — Talking to others to convey information effectively.

 Active Learning — Understanding the implications of new information for both current and future problem-solving and decision-making.

 Active Listening — Giving full attention to what other people is saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

 Instructing — Teaching others how to do something.

 Judgment and Decision Making — Considering the relative costs and benefits of potential actions to choose the most appropriate one.

 Time Management — Managing one's own time and the time of others.

 Writing — Communicating effectively in writing as appropriate for the needs of the audience.

 Complex Problem Solving — Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.

 Deductive Reasoning — The ability to apply general rules to specific problems to produce answers that make sense.

 Problem Sensitivity — The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem.

 Written Comprehension — The ability to read and understand information and ideas presented in writing.

 Inductive  Reasoning  —  The  ability  to combine  pieces  of  information  to form  general  rules  or  conclusions  (includes  finding  a relationship among seemingly unrelated events).

 Information Ordering — The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).

 Near Vision — The ability to see details at close range (within a few feet of the observer).

 Oral Comprehension — The ability to listen to and understand information and ideas presented through spoken words and sentences.

 Oral Expression — The ability to communicate information and ideas in speaking so others will understand.

 Speech Recognition — The ability to identify and understand the speech of another person.

 Speech Clarity — The ability to speak clearly so others can understand you.

 

 PHYSICAL DEMANDS

Sitting up to 95% of time

Walking up to 5% of time

Occasional standing, stooping, kneeling, crouching and reaching

 

 EQUAL OPPORTUNITY AND AFFIRMATIVE ACTION POLICY

 LoanCare is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, disability, protected veteran status, national origin, or any other characteristic protected by applicable law.