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Foreclosure Specialist, II

Company: Carrington Mortgage Services
Location: Westfield
Posted on: November 25, 2022

Job Description:

ESSENTIAL DUTIES AND RESPONSIBILITIES:





  • Maintains, reviews, follows-up and ensures timely and accurate completion of all regular scheduled steps including outstanding /late steps within the foreclosure tracking templates on a daily basis.
  • Effectively communicates with team, default support groups, clients, and investors during foreclosure proceedings.
  • Obtains approval, and properly manages any outstanding or upcoming event/task. This includes but not limited to; completing steps within deadlines as well as accuracy of dates entered - for completion of event/task.
  • Proper management of Custodians during collateral order and/or document scanning and upload - upon receipt
  • Communicates with assigned attorney/trustees via vendor tracking software - regarding delays and/or pending inquiries
  • Utilizes all, applicable tools available to effectively manage pipeline, system of record, vendor tracking software- queue, as well as control reporting.
  • Provision timely and accurate figures, information, documents, or instructions to assigned attorney/trustee/vendor within SLA as outlined in foreclosure and/or default procedures.
  • Process all fee/cost/figure related inquiries within SLA; to ensure proper loan dispositioning, system coding, investor reporting and/or funds' processing.
  • Ensures all attorney fees/costs and foreclosure costs are within Investor, Fannie Mae, Freddie Mac, FHA, VA, or USDA allowable fees schedules.
  • Properly maintains system of record and/or vendor tracking software to ensure proper notification/reporting to Investor, Client, Borrower, State, or Federal/Government Agency during a foreclosure completion.
  • Ensures all foreclosure procedural documents are imaged timely.
  • Work with immediate team lead or supervisor for optimal resolutions when an "exception cases"/lien threats including but not limited to tax sales, drug seizures, or contested foreclosures are identified.
  • Identifies, remediates, and resolves complex/escalated matters with management guidance, and approval to avoid delays in the foreclosure process.
  • Verifies taxes and insurance are maintained, as well as paid timely.
  • Documents all servicing activities, action taken, delays, follow-up, and phone conversations in the system notes.
  • Monitors vendor performance and properly notify Department Manager, Vendor Management, Oversight Management, or Client Management when performance issues occur (vendor's inability/failure to comply with investor/insurer procedures and/or CMS requirements).
  • Reviews future and upcoming sales, no less than 5 days prior to scheduling of sale, to ensure all requirements are met
  • Transfers files for conveyance/claim filing and/or to REO within 24 hours after the foreclosure sale of completion of the Ratification, Confirmation or Redemption period.
  • Proper disposition and completion of a foreclosure sale, and follow up on sale proceeds within its respective judicial or non-judicial proceeding.
  • Compiles, maintains, and ensures proper system coding for accurate and appropriate IRS 1099A/1099C (on foreclosed loan in the same month of sale completion)"
  • Processes all, instructions for posting of funds within SLAs; ensures timely and accurate instruction if/when funds or proceeds are received.
  • Performs other duties and special projects as assigned.





    ESSENTIAL KNOWLEDGE, SKILLS & LICENSES:








    • Ability to self-motivate and work with limited supervision
    • Ability to understand opposing points of view on complex issues and to negotiate, and integrate different viewpoints
    • Ability to make decisions that have moderate impact on immediate work unit
    • Ability to organize and prioritize own work schedule on short-term basis
    • Ability to add, subtract, multiply, divide and to record, balance and check results for accuracy
    • Ability to compose materials such as detailed reports, work- related manuals, publications of limited scope or impact
    • Ability to manage work in order to meet strict deadlines





      • Effective, written and oral communication, organizational, and time management skills





        • Ability to handle multiple tasks under pressure and changing priorities





          • Strong interpersonal skills with a focus on teamwork and quality of loan evaluation





            • Understanding the foreclosure process and understanding the difference between Judicial and Non-Judicial proceedings





              EDUCATION AND/OR EXPERIENCE:






              • High School Diploma or equivalent work experience; some college preferred.
              • Two (2) years of Foreclosure experience or a combination of three (3) years' banking/mortgage experience
              • Notary Public or prior Paralegal experience preferred.

Keywords: Carrington Mortgage Services, Fishers , Foreclosure Specialist, II, Other , Westfield, Indiana

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