Foreclosure Process Manager
3 weeks ago
Job Overview
We are seeking a skilled Foreclosure Process Manager to join our team at Superior Loan Servicing. As a key member of our foreclosure department, you will be responsible for managing the end-to-end foreclosure process for non-qualified mortgage (non-QM) loans in default.
Key Responsibilities:
- Foreclosure Management: Initiate and manage the foreclosure process for non-QM mortgage loans, ensuring all procedures comply with regulatory and investor guidelines.
- Loan Review & Analysis: Analyze delinquent loan accounts, identify foreclosure risks, and determine appropriate foreclosure strategies with the Lender(s) and refer to foreclosure.
- Compliance Oversight: Ensure foreclosure processes adhere to federal, state, and local regulations, as well as investor guidelines for non-QM loans.
- Communication & Coordination: Coordinate with external parties such as foreclosure attorneys, trustees, and vendors to ensure timely and accurate processing of foreclosure activities.
Required Skills & Qualifications:
- Education: High School; College, Bachelor's Degree
- Experience:
- Minimum of 3-5 years of experience in foreclosure servicing, specifically with non-QM, business-purpose, or private money loans.
- Experience working with internal departments, clients, and attorneys.
- Knowledge:
- In-depth understanding of foreclosure laws and regulations for non-QM loans.
- Familiarity with loss mitigation strategies and investor guidelines.
- Skills:
- Strong organizational and time management skills to manage multiple foreclosure files efficiently.
- Excellent verbal and written communication skills to effectively liaise with borrowers, attorneys, and investors.
- Analytical skills to assess loan files and foreclosure risks.
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