What are the responsibilities and job description for the Default Analyst - Foreclosure position at Valon?
About the Company
Valon's mission is to empower every homeowner. We believe the journey of home ownership starts when you get your keys, but lasts far beyond. We're creating a world where home ownership comes with ease, security, and financial know-how. Our growing team of engineers, operators, product enthusiasts, and experienced servicing professionals are leveraging technology to fundamentally improve the homeownership experience. Through mortgage servicing-the process of paying off one's mortgage-Valon is taking the first step in transforming the industry one homeowner, and lender, at a time.
Default Servicing at Valon
The Default Servicing team resolves mortgages in default and manages all default-related processes at Valon. This team is also central to the broader mortgage ecosystem, preventing foreclosures and minimizing losses for investors. Transparency and financial literacy are crucial to our people, processes, and products. We strive to help homeowners who need additional support to keep their dreams of homeownership alive.
About the Role
The Default Analyst- Foreclosure role will be responsible for monitoring foreclosure cases relative to the accuracy and timeliness of residential mortgage loans within foreclosure, in accordance with applicable federal, state, and / or investor requirements. They will effectively collaborate and communicate with support groups within default to ensure optimal outcomes. Finally, this Senior Specialist should feel comfortable performing all duties in accordance with the company's policies and procedures, investor requirements, and US state and federal laws and regulations.
Responsibilities
- Maintain, review, follow up, and ensure timely and accurate completion of all regularly scheduled steps, including outstanding / late steps, within the foreclosure tracking template on a daily basis.
- Obtain approval for and properly manage any outstanding or upcoming events / tasks, including, but not limited to, completing steps within deadlines and ensuring the accuracy of dates entered.
- Communicate with assigned attorneys / trustees via vendor tracking software regarding delays and / or pending inquiries.
- Utilize all applicable tools available to effectively manage pipeline, system of record, and vendor tracking software.
- Ensures all attorney fees / costs and foreclosure costs are within Investor, Fannie Mae, Freddie Mac, FHA, VA, or USDA allowable fees schedules.
- Properly maintain the system of record and / or vendor tracking software to ensure proper notification / reporting to investors, clients, borrowers, state, and / or federal / government agencies during foreclosure.
- Review future and upcoming sales, no less than five days prior to scheduling of sale, to ensure all requirements are met.
- Dispose and complete foreclosure sales and follow up on sale proceeds within respective judicial or non-judicial proceedings.
- Process all instructions for posting of funds within SLAs, ensuring timely and accurate instruction if / when funds or proceeds are received.
Minimum Qualifications
Benefits
Throughout the interview process, please remember that emails will only be from valon.com emails. We won't ever be asking for any personally identifiable information during the interview process itself. Please reach out to talent@valon.com if you have any requests to verify the authenticity of an outreach.
Valon is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws. Valon makes hiring decisions based solely on qualifications, merit, and business needs at the time.
