Senior Foreclosure Specialist

Guild Mortgage Company, closing loans and opening doors since 1960. As a mortgage banking firm, we are dedicated to serving the homeowner/buyer. Our goal is to provide affordable home financing for our customers, utilizing the best terms available while providing a level of professionalism and service unsurpassed in the lending industry.

Position Summary

The Senior Foreclosure Specialist plays an important role in the organization by performing a number of activities related to the company’s Foreclosure functions.  The role is primarily responsible, under intermittent to minimal supervision, for processing foreclosures of properties when buyers go into default related to their area(s) of specialization (VA, conventional/FHA, Fannie Mae or Freddie Mac). The Senior Foreclosure Specialist monitors. The Senior Foreclosure Specialist is also responsible for handling all after-sale tasks according to investor guidelines, including preparing/reviewing documents/deeds for execution, monitoring eviction and property preservation/conveyance processes, preparing and submitting title documents, claim packages and contracts. The role is also responsible for updating the internal system to ensure a record of steps, deadlines, and notices are documented. 

Essential Functions

• Provide copy of default notice to investor and mortgage insurance carrier.
• Monitor file in accordance with required notification periods.
• Prepare documents and deeds to be executed.
• Monitor and process HUD Claim Without Conveyance of Title, 2nd Chance, and Real Estate Own (REO) portfolios.
• Provide updated values to vendors and obtain required approvals to place home for sale.
• Report sale information to investor and mortgage insurance carrier and verify insurance is assigned or cancelled.
• Perform internet research to identify utilities and HOAs; make payments and transfer accounts.
• Review and approve invoices; request checks for payment to reimburse foreclosure fees and costs.
• Prepare/Review documents and deeds to be executed and electronically file documents.
• Provide copies of documents and correspondence when requested.
• Refer eviction files to attorneys and monitor occupied properties after sale until eviction is completed and/or property becomes vacant.
• Ensure eviction–related legal action is initiated and reported in accordance with investor guidelines.
• Prepare conveyance and title packages and submit to Quality Control for review, approval, and submission to FHA for payment.
• Submit curtailment requests to property preservation companies, if it is determined they were responsible for any property preservation delays.
• Review, monitor, and adjust escrow accounts.
• Gather receipts for property preservation, foreclosure fee costs, escrow advances and refunds to prepare claim packages within required timeframes for submission to Quality Control for review and approval.
• Ensure all claims and supporting documents are uploaded into document retention system.
• Process insurance refunds and submit for deposit.
• Prepare supplemental claims for items not included in original claim; obtain reimbursement of estimated insurance refund as needed.
• Prepare loan level reconciliations and follow-up on all files until loan is finalized.
• Ensure all loans are liquidated to reflect a zero-principal balance within 24 hours of receipt of finalized claim proceeds.
• Inform supervisor of reconveyances, conveyance condition issues, and title issues.
• Review and respond to HUD Demand Letters, Non-Compliance and other Notifications, remit funds to FHA.
• Update data in internal systems with status; enter notes in system related to servicing, actions taken, delays, follow-up actions, and phone conversations. Enter completion dates in system and obtain approval to modify scheduled dates when delays occur that impact timelines.
• Use expertise to resolve issues escalated by junior-level teammates.
• Perform other duties as assigned.

Qualifications

• High school diploma or equivalent required, some college preferred, as well as four or more years total work experience in positions with responsibility for processing mortgage foreclosures, associated documents and timelines, with at least one year experience with FHA foreclosures.
• Prior experience as a Foreclosure Specialist preferred.
• Highly organized and detail oriented; ability to work in a fast-paced, deadline-driven environment required.
• Intermediate math skills.
• Highly proficient with data entry, Microsoft Word, Excel and Outlook.
• Prior experience using the internet to perform basic searches to obtain information.
• 10-key by touch preferred.
• Prior experience using document retention software; Blitzdoc preferred.

Supervision

• Intermittent to minimal supervision, depending on experience
• Moderate to high independent judgment required; apply sound judgment in execution of core job responsibilities
• Interact with mortgagors, attorneys, title companies and other vendors
• Travel:  0%

Requirements

Physical: Work is primarily sedentary; occasionally walks and/or stands.

Manual Dexterity:  Frequent use of computer keyboard and mouse.

Audio/Visual:  Ability to accurately interpret sounds and associated meanings at a volume consistent with interpersonal conversation. Regularly required to accurately perceive, distinguish and interpret information received visually and through audio, e.g., words, numbers and other data broadcasted aloud/viewed on a screen, as well as print and other media.               

Environmental:  Office environment – no substantial exposure to adverse environmental conditions.

Guild offers a pleasant work environment, competitive compensation and excellent benefits package, including medical, dental, vision, life insurance, AD&D, LTD and 401(k) with employer match.

Guild Mortgage Company is an Equal Opportunity Employer.

Targeted Salary Range: $22.07/hr to $29.18/hr

Compensation at Guild is influenced by a wide array of factors including but not limited to local and federal minimum wage requirements, education, level of experience, and applicant’s geographical location.

REQ#: SENIO016514