Contested Foreclosure Specialist III (On-site)

Coast One Mortgage; Houston (TX); On-site; USD 70,000 - 110,000; Full time

Benefits offered by this job

Medical, dental, vision insurance

401(k) with employer match

Paid parental leave

Job summary

The Contested Foreclosure Specialist III at Newrez will provide litigation support to the Foreclosure Department, appearing at court appearances and depositions, and coordinating with outside counsel to maximize recovery. The role requires extensive travel and deep knowledge of mortgage servicing processes, with on-site work and collaboration across teams.

Five plus years of foreclosure or mortgage servicing experience, plus litigation exposure, are required.

Qualifications

• High school diploma or equivalent, required.
• Bachelor’s degree, preferred.
• 5+ years direct foreclosure or mortgage servicing related experience required.
• Experience in the legal field with law firm desired.
• 3+ years in litigation resolution experience required.

Responsibilities

• Manage a portfolio of contested cases within the foreclosure litigation inventory as assigned by management.
• Support the Contested Foreclosure Specialists and legal firms by appearing in-person and telephonically as a records custodian and fact witness at trials, depositions, mediations, etc.
• Explain servicing processes under oath as needed.
• Travel for appearance in person for trials that do not allow the witness to appear telephonically will be required.
• Ability to read, review, and interpret mortgage loan documents for the purpose of appearing as a fact witness on contested litigated foreclosure matters.
• Settle cases with minimal supervision within given settlement authority parameters.
• Process attorney requests for settlement authority, check requests, to bring a suit to resolution.
• Coordinate efforts directly with the firms for efficient and effective responses to all requests for discovery to include admissions, interrogatories, and production of documents.
• Research pertinent points of law that affect the recovery efforts.
• Provide information support to the legal recovery efforts.
• Identify and escalate to Supervisor any issues such that cause liability or are above authority level.
• Identify and escalate to Supervisor and Team Lead any trends that could become problematic in future suits.
• Receive and process all correspondence received on accounts placed with assigned attorneys.
• Ensure that all actions, discovery, and witness requirements and obligations are tracked through Black Knight (LoanSphere), Finastra Fusion Servicing Director, or other tracking database.
• Work with management and other team members to ensure all appearances are covered as needed.
• Assist on any special projects assigned by management.
• Accept special tasks as necessary and assume responsibility for successfully achieving objectives.
• Performs additional projects and duties as assigned by management.
• *These essential functions are fundamental to the role, and must be performed on-site, as they cannot physically be performed remotely.
• In addition, the Company has determined that an in-person presence is important to critical components of our work, including oversight, training, collaboration, and productivity.
• Items not marked (*) as essential on-site, may still require partial on-site work to perform the role satisfactorily.

Skills

Communication skills

Analytical skills

Organizational skills

Time management

Travel-ready

Education

High school diploma

Bachelor's degree preferred

Tools

Black Knight LoanSphere

Finastra Fusion Servicing Director

Job description

Who We Are At Newrez, we bring big thinkers and caring doers together to make home happen. We’re a team built on heart and hustle, united by a commitment to show up for our customers, our communities, and each other. We believe that when our people thrive, homeowners thrive - and that’s why we invest in your growth, wellbeing, and ability to make an impact. Every day, we work to exceed the expectations of our residential mortgage borrowers and business partners through superior service, simple processes, and clear communication. We do this by empowering our employees, encouraging innovative solutions and recognizing great performance.

Primary Function

The Contested Foreclosure Specialist III will provide support to the Foreclosure Department with litigation related matters associated with foreclosure accounts. The Contested Foreclosure Specialist III will provide litigation support to more junior Contested Foreclosure Specialists by appearing at in-person and telephonic court appearances and depositions as it relates to the records custodial and servicing processes of Shellpoint Mortgage Servicing. Through analysis and review by the Case Manager, litigation-related accounts will be monitored, and support given to outside counsel to efficiently manage the foreclosure litigation and ensure maximum recovery through the court system. Travel is required.

Principal Duties

• Manage a portfolio of contested cases within the foreclosure litigation inventory as assigned by management.
• Support the Contested Foreclosure Specialists and legal firms by appearing in-person and telephonically as a records custodian and fact witness at trials, depositions, mediations, etc.
• to explain servicing processes under oath as needed.
• Travel for appearance in person for trials that do not allow the witness to appear telephonically will be required.
• Ability to read, review, and interpret mortgage loan documents for the purpose of appearing as a fact witness on contested litigated foreclosure matters.
• Settle cases with minimal supervision within given settlement authority parameters.
• Process all requests by assigned attorneys (by e-mail or telephone) for settlement authority, check requests, etc. to bring a suit to resolution.
• Coordinate efforts directly with the firms for efficient and effective responses to all requests for discovery to include admissions, interrogatories, and production of documents.
• Research pertinent points of law that affect the recovery efforts.
• Provide information support to the legal recovery efforts.
• Identify and escape to Supervisor any issues such that cause liability or are above authority level.
• Identify and escalation to Supervisor and Team Lead any trends that could become problematic in future suits.
• Receive and process all correspondence received on accounts placed with assigned attorneys.
• Ensure that all actions, discovery, and witness requirements and obligations are tracked through Black Knight (LoanSphere), Finastra Fusion Servicing Director, or other tracking database.
• Work with management and other team members to ensure all appearances are covered as needed.
• Assist on any special projects assigned by management.
• Accept special tasks as necessary and assume responsibility for successfully achieving objectives.
• Performs additional projects and duties as assigned by management.
• *These essential functions are fundamental to the role, and must be performed on‑site, as they cannot physically be performed remotely.
• In addition, the Company has determined that an in‑person presence is important to critical components of our work, including oversight, training, collaboration, and productivity.
• Items not marked (*) as essential on‑site, may still require partial on‑site work to perform the role satisfactorily.

Education and Experience Requirements

• High school diploma or equivalent, required.
• Bachelor’s degree, preferred.
• 5+ years direct foreclosure or mortgage servicing related experience required.
• Experience in the legal field with law firm desired.
• 3+ years in litigation resolution experience required.

Knowledge, Skill, and Ability Requirements

• Must have strong communication skills; strong analytical skills; and strong organizational skills with attention to detail.
• Must meet individual and team case management goals.
• Must be effective in multi-tasking and be goal oriented.
• Must be able to work on a team or independently with minimal supervision.
• Must have a valid driver’s license.
• Ability to travel more than 50% of the time.
• Excellent communication skills, both verbal and written.
• Ability to work independently and manage time effectively.
• Ability to take direction from other Foreclosure Teammates to provide accurate testimony.
• Ability to work effectively remotely and while traveling.

Additional Information

While this description is intended to be an accurate reflection of the position’s requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary. All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Microsoft Authenticator. Employment will be contingent on this requirement.

Why Newrez

We’re a great place to work because we invest in what matters: your career, your community, your wellbeing, and your future. Our total rewards package is designed to support your whole self.

Company Benefits

• Medical, dental, and vision insurance
• Health Savings Account with employer contribution
• 401(k) Retirement plan with employer match
• Paid Maternity Leave/Parental Bonding Leave/Caregiver Leave
• Adoption Assistance
• Tuition & Certification reimbursement
• Employee Mortgage Loan Program
• The Newrez Employee Emergency and Disaster Fund is a program to support our team members experiencing hardships
• Newrez NOW: Through Newrez NOW, our Corporate Social Responsibility program, you’ll have opportunities to give back, lead, and make a difference.
• 1 company-paid Volunteer Time Off day (with over 40,000 volunteer hours contributed since our inception)
• Matching Gifts Program - dollar-for-dollar up to $1,000
• Access to grants, nonprofit resources, and volunteer opportunities
• More than $6,000,000 donated since 2020
• 1 in 5 employees participates in at least one Employee Resource Group (ERG)

Equal Employment Opportunity

We’re proud to be an equal opportunity employer- and celebrate our employees' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.

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The right company in the right industry. In both good economic times and bad, people need homes - and mortgages to buy them. We help these people every day buy homes or refinance their current mortgage loans. In addition to offering an in-demand product, there are two things you should know about us: We value and reward entrepreneurial spirit, and we are growing. Few lenders are as innovative, as financially solid, as managed and on track to become America’s leading lender as the Newrez Family of Companies. We deliver products and services that turn prospects into delighted customers —providing abundant opportunity for the great people who work here. These competitive advantages set us apart, and they’re why you can grow with us for the long term.