Ultimate Staffing is looking for a Foreclosure Specialist for our mortgage company client in San Diego, CA
Contract Duration: 6 months (with opportunity to extend or convert)
Pay: $25hr
Job Summary
The Foreclosure Specialist plays an important role in the organization by performing several activities related to the company's Foreclosure functions. The role is primarily responsible, under general 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).
Job Responsibilities
· Provide copy of default notice to investor and mortgage insurance carrier.
· Monitor files in accordance with required notification periods and issue notice of sale once timeline is satisfied.
· Prepare documents and deeds to be executed and create figures for judicial foreclosures.
· Refer borrowers for loan counseling if a short sale, loss mitigation, or payment is requested.
· Process postponements, reinstatement requests and judgments.
· Prepare bid instructions 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. Make photocopies 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.
· Work with property preservation companies to place vacant properties in conveyance condition (ICC), and ensure deeds are recorded.
· Request Tax Certifications on ICC properties.
· 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 submission to Quality Control.
· 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 claim status 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 date(s) in system and obtain approval to modify scheduled date(s) when delays occur that impact timelines.
· Accurately prepare all HUD CWCOT claims.
· Review and process all third-party sale files.
· Perform other duties as assigned.
Job Qualifications
· High school diploma or equivalent required
· College preferred, as well as three 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.
· Highly organized and detail oriented; ability to work in a fast-paced, deadline-driven environment required.
· Highly proficient with data entry, Microsoft Word, Excel and Outlook.
· Prior experience using the internet to perform basic searches to obtain information.
· Prior experience using document retention software; Blitzdoc preferred.
All qualified applicants will receive consideration for employment without regard to race, color, national origin, age, ancestry, religion, sex, sexual orientation, gender identity, gender expression, marital status, disability, medical condition, genetic information, pregnancy, or military or veteran status. We consider all qualified applicants, including those with criminal histories, in a manner consistent with state and local laws, including the California Fair Chance Act, City of Los Angeles' Fair Chance Initiative for Hiring Ordinance, and Los Angeles County Fair Chance Ordinance. To the extent our customers require a background check for certain positions, the Company faces a significant risk to its business operations and business reputation unless a review of criminal history is conducted for those specific job positions.
