Foreclosure Specialist Resume Samples

Description :

1. Reviewed customer's financials to qualify them for various government-sponsored programs.
2. Captured documents required by the servicer to complete loan modification packages.
3. Reviewed loan file to ensure that all guidelines including the investor, guarantor, State/Federal are met Reviewed package to ensure that all documents were completed correctly and in compliance with policies and procedures.
4. Assisted borrowers in the completion of loan modification documents and various requirements.
5. Foreclosure Specialist Service mortgage accounts to ensure that foreclosures are processed in compliance with all state and federal laws while maintaining compliance with Investor, Insurer Agency and company guidelines.
6. Conduct a complete review of the foreclosure file to ensure that all default timeframes have been met.
7. Monitors the attorney's performance by reviewing all proceedings, records and timeframes in addition to working all system/database activities throughout the foreclosure process.

Experience

7-10 Years

Level

Management

Education

Diploma

Description :

1. Complete vendor compliance quality review checks and summarize results for management and peers.
2. Ensure the timeliness of all Foreclosure procedural documents imaged into company's documentation system.
3. Prepare bidding instructions, ensuring compliance with Investor, Insurer, Agency and company guidelines.
4. Process all foreclosure sale results within the Investor, Insurer, Agency and company guidelines.
5. Perform required research on any loan with questionable items such as the application of payments, proper foreclosure notification, who to foreclose in the name of and any other situation that may arise.
6. Review and pursue all loss mitigation alternatives in all appropriate customer circumstances and forward any potential customers to the appropriate Loss Mitigation Department for consideration.
7. Review documents for compliance with company requirements for Foreclosure loans serviced.
8. Analyze vendor's requests to re-project milestone events, then approve or deny the request.

Experience

2-5 Years

Level

Junior

Education

Marketing

Description :

1. Review legal documents such as Promissory Notes, Mortgages, Assignments, Quit-Claim Deeds, etc., and verify their contents (date, loan amount, terms, borrower signature, etc.).
2. Prepare, process, and deliver demand requests to the appropriate law offices, and also making follow-up e-mails when necessary.
3. Reviewing copies of executed notices of intent to foreclose and other notices of default from attorney offices in order to verify the accuracy of the information contained in the letters.
4. Ensure file maintenance by forwarding electronic files (from investors) to loan records department for review and/or imaging.
5. Prepare loss mitigation letters and other notices of default as per terms of the promissory note and according to state by state regulations.
6. Electronically register notices of intent to foreclose onto state-specific websites.
7. Responding promptly and professionally to investor and attorney inquiries, requests, and other correspondence.

Experience

2-5 Years

Level

Junior

Education

B.S. In Psychology

Description :

1. Manage timelines of loans in foreclosure to ensure all loans are meeting applicable investor guidelines.
2. Adhere to regulatory guidelines and bank policies and procedures.
3. Monitor progress of attorneys, including all litigation, maintain accurate and complete records on appropriate computer platforms and keep investors, PMI companies and regulatory agencies properly advised.
4. Review loans for lien position, available equity, outstanding balance, and property condition to determine whether foreclosure should be pursued or loan reviewed for charge off.
5. Calculate and provide accurate bidding instruction for foreclosure sales.
6. Process loans to post-foreclosure upon completion of upset periods, forwarding proper transmittals to Mortgage Loan Servicing Payoff area for posting.
7. Complete tasks submitted by other areas including suspending and resuming foreclosure, processing reinstatements and payoffs, and managing written payoff request.

Experience

7-10 Years

Level

Management

Education

BA In Business

Description :

1. Responsible for monitoring defaulted mortgage loans from referral to sale with goal of removing any impediments to the foreclosure process thereby mitigating potential losses to the company.
2. Responsible for performing QC on critical foreclosure functions to insure the accuracy of work completed to minimize loss for both Bank of America and the investor.
3. Familiar with Loss Mitigation processes to include required documents and guidelines for Loan Modification, Short Sale, Deed in Lieu and forbearance.
4. Demonstrate superior analytical and decision making skills as well as strict adherence to guidelines as specified by investors and programs.
5. Utilize LPS, AS400, MS Excel and other applicable applications to complete daily responsibilities.
6. Able to work independently to meet and exceed set deadlines, ability to meet production, quality and service standards, Self-motivated.
7. Ability to work in a fast paced high volume environment.

Experience

2-5 Years

Level

Junior

Education

Diploma In Medical

Description :

1. Evaluate foreclosed loan during File Review process.
2. Provided remediation recommendations to Client designated Independent Audit Team.
3. Review loan file documentation; the accurate assessment of fees, and review previously rendered modification, foreclosure, short sale and DIL decisions, to effectively recreate processing events and determine accuracy of the final decisions.
4. Validate that there is a pending foreclosure action.
5. Determine if the Pre-Foreclosure Reinstatement Notice has been issued, when necessary.
6. Verify that there is documentation providing evidence of the right to enforce the promissory note is present.
7. Validate if Loss Mitigation appropriately applied criteria have been fulfilled, when necessary.
8. Determine that the current foreclosure action was initiated by an FRR referral or the loan was purchased and/ or servicing was transferred to the loan was active in foreclosure.

Experience

7-10 Years

Level

Management

Education

Diploma

Description :

1. Daily communication through phone and email with attorneys to update files that are in foreclosure.
2. Maintain a volume of 100 portfolios of mortgage loans from cradle to crave Ensure maintenance of all processing of activities and administer responsiveness of alerts to determine foreclosures timeline management.
3. Analyze and design strategies to minimize all lose via management of attorney and enhance the foreclosure process.
4. Establish appropriate current foreclosure status of assigned accounts and design proper disposal codes.
5. Calculate and provide figures related to reinstatement and payoff request made by attorneys or borrowers.
6. Prepare and run computer generated reports.
7. Prepare all investors to audit invoices for the formulation of legal bills within the required timeframe.
8. Supervise work to ensure proper utilization of methods and processes.

Experience

7-10 Years

Level

Management

Education

Masters In Real Estate

Description :

1. Responsible for managing the Foreclosure work queues.
2. Utilize a broad understanding of default mortgage servicing activities and requirements.
3. Gaining direct experience in the following portfolio types: conventional, FHA, VA and/or non-conventional as well as managing an agency portfolio as required.
4. Provide support and high service levels to our clients, attorneys, and internal team members.
5. Manage work queues for the foreclosure timeline by following all associated rules and working with a sense of urgency.
6. Manage the different legal processes to foreclose in various states as well as assist with developing and managing training materials for tools utilized by the different teams.
7. Ensure compliance with service agreements, federal and state laws and stay informed of industry changes as related to servicing activities.

Experience

2-5 Years

Level

Junior

Education

B.Sc

Description :

1. Ensure accounts are properly documented with actions taken, correspondence, and explanation of delay, if any.
2. Ensure compliance with all state and investor requirements.
3. Negotiate any opportunities to shorten timeline, drive performance, or minimize loss.
4. Collaborate with the appropriate teams of Nationstar to provide supporting documents to firms.
5. Portfolio management to include; maintaining average CAPES assigned by state and firm, provide information and chronologies for investor reporting and meet all FNMA timeline completions and pull through rates.
6. Maintain attorney communication via phone, email, LPS and Blacknight.
7. Responsible for timely processing of activities & responsiveness of alerts to ensure Foreclosure Timeline Management is met.
8. Responsible for special projects and reporting required by investors.

Experience

2-5 Years

Level

Executive

Education

Associate In Management

Description :

1. Completes pre-foreclosure reviews to ensure loans are referred for foreclosure based on company and government requirements.
2. Escalates litigation matters to attorneys and internal departments concerning delays/holds on aged loans.
3. Processes file transfers to various mortgage servicing providers.
4. Handles issues raised by various areas such as missing bids, bid inquiries, fee breakdowns, etc.
5. Adherences to policies and procedures in regards to GSE (FHA/VA, FNMA/FHMLC) guidelines as well as company and department strategies.
6. Completes reviews of all foreclosure daily reports to assure system balancing, exception resolution and adherence to HAMP/HAFA guidelines.
7. Examines loans from foreclosure referral through final claim settlement and/or REO liquidation to avoid preventable losses and exposure to the company.

Experience

7-10 Years

Level

Management

Education

Graphic Design

Description :

1. Minimized losses through management of attorney to ensure Foreclosure process is consistently progressing.
2. Managed portfolios by State assigned by Foreclosure Management.
3. Maintained attorney communication via phone and Lenstar.
4. Performed routine audits Was responsible for effectively managing a delinquent mortgage portfolio.
5. Ensured maintenance of all processing of activities and administer responsiveness of alerts to determine foreclosure timeline management.
6. Established appropriate current foreclosure status of assigned accounts and design proper disposal codes.
7. Evaluated and examined files with management prior to foreclose sale date to formulate bidding instruction and communicate same to lawyer.
8. Coordinated with team of foreclosure specialists and implement all tasks as advised by team leader.

Experience

5-7 Years

Level

Executive

Education

Bachelor Of Science

Description :

1. Seeks resolution of complex issues regarding real estate loans.
2. Responsible for contacting members on delinquent mortgage loan accounts.
3. Interviews and communicates with members (on the telephone, in person and in writing) to coordinate payment schedules.
4. Arranges for payments and enters information into collection notes according to Collection Policy and Guidelines.
5. Performs financial counseling (remedial, preventative and productive) and interviews members to provide resolution to financial situations.
6. Identifies the probability of payments, risk exposure and potential loss to the credit union.
7. Refers member to credit union third party financial counseling service when appropriate.
8. Analyzes mortgage file for compliant documentation prior to initiating collection efforts and legal action.

Experience

7-10 Years

Level

Consultant

Education

Criminal Justice