Contested Foreclosure Specialist III (On-site)

Newrez LLC; Tempe (AZ); On-site; USD 70,000 - 95,000; Full time

Benefits offered by this job

Medical Insurance

Dental Insurance

Vision Insurance

401(k) Match

Tuition Reimbursement

Mortgage Loan Program

Job summary

Newrez LLC seeks a Contested Foreclosure Specialist III to support the Foreclosure Department in litigation matters related to foreclosure accounts. The role requires travel and in-person or telephonic appearances as a records custodian and witness to explain servicing processes under oath.

Ideal candidates have 5+ years in foreclosure or mortgage servicing, a strong legal background, and ability to manage multiple cases with minimal supervision in a fast-paced environment.

Qualifications

• High school diploma or equivalent required; bachelor’s preferred.
• 5+ years direct foreclosure or mortgage servicing experience required.
• Legal field experience with a law firm is desired.
• 3+ years in litigation resolution required.

Responsibilities

• Manage a portfolio of contested foreclosure cases.
• Appear in person or telephonically as records custodian and fact witness.
• Read and interpret mortgage documents for litigation testimony.
• Settle cases within provided settlement authority.
• Coordinate discovery responses with attorneys and firms.
• Track actions and witness requirements in the case systems.

Skills

Strong communication

Analytical skills

Organizational skills

Time management

Team player

Education

High school diploma

Bachelor’s degree (preferred)

Tools

Black Knight LoanSphere

Finastra Fusion Servicing Director

DMV driving license (valid)

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 elevate to Supervisor any issues that cause liability or are above authority level.
• Identify and elevate 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:

We offer benefits, programs, and perks that support you in every aspect of your life.

• 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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