Default Mortgage Recovery Professional
3 weeks ago
Job Overview:
We are looking for a seasoned Default Mortgage Recovery Professional to join our team at Superior Loan Servicing. As a key player in 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 compliance 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.
- Documentation & Reporting: Maintain and update loan files, ensuring all foreclosure-related documents are accurate, complete, and submitted on time.
- Investor Relations: Act as the liaison between investors, attorneys, and servicers, providing updates on foreclosure status and any potential issues or delays.
- Process Improvement: Identify and recommend process improvements to enhance efficiency and reduce foreclosure timelines and costs.
- Bankruptcies: Monitor a pipeline of bankruptcies allowing for real-time recaps of activity, inclusive with the law firm, assigned Attorney, and current status.
- Required Skills & Qualifications:
- Education: High School; College, Bachelor's Degree
- Experience: Minimum 3-5 years of experience in foreclosure servicing, specifically with non-QM, business-purpose, or private money loans.
- Knowledge: In-depth understanding of foreclosure laws and regulations for non-QM loans.
- Skills: Strong organizational and time management skills, excellent verbal and written communication skills, analytical skills, and proficiency in loan servicing platforms.
- Estimated Salary: $70,000 - $90,000 per year.
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