Foreclosure Specialist-US Mortgage

Crane Consulting And Outsourcing; Bengaluru; On-site; INR 5,808,000 - 8,712,000; Full time

Job summary

Crane Consulting And Outsourcing is seeking a Foreclosure Associate to join our Default Servicing team to manage foreclosure processes for residential mortgage loans in default. Responsibilities include coordinating with internal stakeholders, preparing referrals, monitoring timelines, ensuring regulatory compliance, and maintaining records in foreclosure software.

The role requires 2+ years in mortgage default servicing and knowledge of US mortgage regulations, with strong organizational and

Qualifications

• 2+ years in mortgage default servicing or foreclosure.
• Strong knowledge of US mortgage regulations (FHA, VA, USDA, and conventional).
• Familiarity with foreclosure laws across multiple states.
• Excellent organizational, communication, and analytical skills.
• Experience with foreclosure software systems.

Responsibilities

• Review loan files to determine foreclosure eligibility.
• Coordinate with internal stakeholders to initiate foreclosure actions.
• Prepare and submit foreclosure referrals to external attorneys/trustees.
• Monitor foreclosure timelines, milestones, and deadlines.
• Ensure compliance with federal, state, and local regulations.
• Communicate with attorneys and stakeholders regarding proceedings.
• Review and verify foreclosure documents (notices, affidavits, deeds).
• Maintain records in foreclosure software systems.
• Identify issues and escalate to management.
• Collaborate with team members to achieve foreclosure goals.

Skills

Mortgage default servicing

US regulatory knowledge

Foreclosure laws

Organizational skills

Communication skills

Analytical skills

Multi-tasking

Foreclosure software

Tools

Foreclosure software systems

Job description

Position Overview:

We are seeking a highly organized and detail-oriented Foreclosure Associate to join our Default Servicing team. The successful candidate will be responsible for managing and coordinating the foreclosure process for residential mortgage loans in default, ensuring compliance with regulatory requirements, investor guidelines, and company policies.

Key Responsibilities:

• Review and analyze loan files to determine foreclosure eligibility.
• Coordinate with internal stakeholders (e.g., loan servicing, title, and legal) to initiate and progress foreclosure actions.
• Prepare and submit foreclosure referrals to external attorneys/trustees.
• Monitor and track foreclosure timelines, milestones, and deadlines.
• Ensure compliance with federal, state, and local regulations
• Communicate with attorneys and other stakeholders regarding foreclosure proceedings.
• Review and verify foreclosure documents (e.g., notices, affidavits, and deeds).
• Maintain accurate and up-to-date records in foreclosure software systems.
• Identify and elevate potential issues or exceptions to management.
• Collaborate with team members to achieve foreclosure goals and objectives.

Required skills and Qualifications:

• 2+ years of experience in mortgage default servicing, foreclosure, or related field.
• Strong knowledge of US mortgage regulations (e.g., FHA, VA, USDA, and conventional).
• Familiarity with foreclosure laws and procedures in multiple states.
• Excellent organizational, communication, and analytical skills.
• Ability to work in a fast-paced environment and prioritize multiple tasks.
• Experience with foreclosure software systems.

Preferred Skills:

• Strong written and verbal communication skills to coordinate effectively with internal teams and external parties.
• Proficiency in Microsoft Office tools (Excel, Word, PowerPoint) to manage records, generate reports, and communicate effectively.