Foreclosure Specialist III (On - Site)

Exceed the expectations of our residential mortgage borrowers & business partners through superior service, simple processes, and effective communications.

We deliver on this mission by empowering our employees by encouraging and recognizing superior performance and innovative solutions, by promoting teamwork and divisional cooperation.

Primary Function

The Foreclosure Specialist III monitors and processes accounts that are in the foreclosure process.

Principal Duties

• Completes pre-foreclosure reviews to ensure loans are referred for foreclosure based on company requirements.
• Completes, monitors progress, and ensures deadlines are met for invoice approval, foreclosure referrals, foreclosure bidding instructions and other tasks.
• Completes, monitors progress, and ensures deadlines are met for property preservation, order values, and inspections. Calculates and prepares reinstatement, payoff figures, and other debt information to attorneys.
• Manages a pipeline of foreclosure loans to ensure timely processing and adherence to investor, insurer, and client requirements.
• Provides adequate and accurate information to assigned foreclosure counsel.
• Prepares bidding instructions for utilization at foreclosure sale.
• Manages daily exception report to confirm adequate oversight of assigned pipeline.
• Completes follow-ups with foreclosure counsel to obtain all foreclosure documentation as required.
• Makes and answers calls from attorney firms and vendors.
• Works with network of attorneys and management team to develop strategic resolution plans for aging actions within foreclosure process.
• Maintains working knowledge of in-depth foreclosure requirements of investors, insurers, and clients to ensure premier performance.
• Manages attorneys to ensure Foreclosure process is consistently progressing.
• Ensures accounts are properly documented with accurate and comprehensive status updates.
• Follows established company guidelines, department policies and procedures.
• Ensures compliance with all investor requirements.
• Identify opportunities to shorten timelines, drive performance and minimize loss.
• Assists management team in development of talent through mentoring of junior staff members.
• Performs other duties and projects as assigned by Management.
  
  

Education And Experience Requirements

• High school diploma or equivalent required.
• College degree preferred.
• 5 years direct foreclosure or mortgage servicing related experience preferred.
• Previous experience in law office or mortgage servicing company required.
  
  

Knowledge, Skill, and Ability Requirements

• Good computer and internet skills.
• Good verbal and written communication skills.
• Must be a self-starter with excellent time management skills and be able to work with general supervision applying established procedures and specific standards.
• Proficiency of Black Knight/LPS required.
• Proficiency in Microsoft Office- Outlook and Excel required.
• SQL/Tableau experience preferred
• Ability to multi-task in an environment of changing priorities by maintaining a daily worklist in addition to other assignments.
  
  

While this description is intended to be an accurate reflection of the position’s requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.

Additional Information

While this description is intended to be an accurate reflection of the position’s requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.

All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Okta Verify and Microsoft Authenticator. Employment will be contingent on this requirement.

Company Benefits

Newrez is a great place to work but we are only as strong as our greatest asset, our employees, so we believe in rewarding them!

• Medical, dental, and vision insurance
• Health Savings Account with employer contribution
• 401(k) Retirement plan with employer match
• Paid Maternity Leave/Parental Bonding Leave
• Pet insurance
• Adoption Assistance
• Tuition reimbursement
• Employee Loan Program
• The Newrez Employee Emergency and Disaster Fund is a new program to support our team members
  
  

Newrez NOW

• Our Corporate Social Responsibility program, Newrez NOW, empowers employees to become leaders in their communities through a robust program that includes volunteering, philanthropy, nonprofit grants, and more
• 1 Volunteer Time Off (VTO) day, company-paid volunteer day where all eligible employees may participate in a volunteer event with a nonprofit of their choice
• Employee Matching Gifts Program: We will match monetary employee donations to eligible non-profit organizations, dollar-for-dollar, up to $1,000 per employee
• Newrez Grants Program: Newrez hosts a giving portal where we provide employees an abundance of resources to search for an opportunity to donate their time or monetary contributions
  
  

Equal Employment Opportunity

We're proud to be an equal opportunity employer- and celebrate our employees' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.

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