Foreclosure and Legal Specialist

Truliant Federal Credit Union; Salem (NC); On-site; USD 50,000 - 70,000; Full time

Job summary

Truliant Federal Credit Union is seeking a Foreclosure and Legal Specialist to support accounts in legal action. The ideal candidate will manage foreclosure processes, ensure compliance with regulations, and work collaboratively with attorneys and departments. Strong attention to detail and communication skills are essential for success in this fast-paced role. Join a supportive environment with opportunities for professional growth.

Benefits

No-cost employee Medical, dental, vision coverage

Paid Time Off (PTO)

401(k) plan with contribution matching

Tuition reimbursement

Health & Wellness program

Qualifications

• Must have knowledge of FHA, GNMA, FNMA, FHLMC, VA, USDA.
• Extensive knowledge of foreclosure and legal processes is required.
• Ability to work independently and under pressure.

Responsibilities

• Manage a pipeline of foreclosure or legal loans and document efforts.
• Coordinate with attorney networks for efficient resolution.
• Review and provide legal documents and expenses for compliance.

Skills

Analytical skills

Communication

Attention to detail

Goal-oriented

Education

3+ years' experience in real estate

3+ years' experience in foreclosure processes

2+ years' experience as a GSE working investor

Tools

MS Excel

MS Word

Adobe

Temenos

FICS

Job description

Truliant's mission is to improve lives by putting our members first, providing great service and straightforward financial solutions. Our core values of Member Focus, Service, Guidance, Relationships, and Community define how we interact with members to fulfill our mission of improving lives and providing a foundation on which we conduct ourselves.

Our Promise to Our Teammates: Truliant strives to provide all teammates with an enjoyable place to work where they feel valued, empowered and rewarded for all that they do.

Purpose of the Job

The Foreclosure and Legal Specialist is responsible for providing process and analytical support for all accounts in foreclosure or legal action. This role partners with our legal department as well as internal departments and outside vendors to assist in the foreclosure or legal process. This role is responsible for all aspects of the legal paperwork needed for each process. The successful Foreclosure and Legal Specialist must possess good communication skills, excellent attention to detail, as well as the ability to multi task in a fast-paced environment.

Essential Functions and Responsibilities

• Manages a pipeline of Active and Suspended Foreclosure or Legal loans from referral through the post- sale and judgment process. Documents all loan level efforts into the foreclosure workstations within Temenos.
• Reviews and provides designated counsel with all documentation necessary to ensure all accounts are being managed according to investor and insurer timelines.
• Coordinates with attorney network to maximize efficiency and timelines of resolution through loss mitigation options or Foreclosure Sale.
• Coordinates with the attorney for judgments, claim and delivery action and Writ of possession.
• Reviews relevant legal documents to be executed including, Affidavits, Assignment of Mortgage, SOT's and other Foreclosure related documents.
• Reviews incoming expenses for invoices or additional fees for accuracy and investor compliance.
• Maintains a thorough working knowledge of all State, Federal, County and City requirements and regulations. Attends training sessions as required.
• Performs such other duties as may be assigned by Loss Mitigation Management.
• Works with and monitors attorneys to expedite loans through the foreclosure, judgment, claim and delivery and writ of possession processes.
• Completes timely processing of all activities and emails with responsiveness to ensure foreclosure and legal timeline is met.
• Works with attorneys on litigation and contested foreclosure matters.
• Processes sale proceeds, insurance claims, settlement payments and judgment payments.
• Manages the Seizure notices and court appearances.

Other Duties and Responsibilities

• Assists with other tasks and projects as assigned.

Knowledge, Skills and Abilities

• Must have extensive knowledge of the foreclosure and legal process and workflows.
• Must have knowledge of FHA, GNMA, FNMA, FHLMC, VA, USDA and various other investors/insurers
• Must have sound knowledge of investor and insurer guidelines
• Must possess excellent oral and written communication skills
• Must be goal-oriented and able to work independently
• Must have sound business decision making skills
• Must be able to work under pressure
• Must be proficient in MS Excel, MS Word and Adobe
• Must possess strong analytical skills and attention to detail
• Knowledge of Temenos and FICS preferred

Physical Requirements

• Occasional standing, walking, bending and stooping required
• Must be able to sit at a desk for long periods of time and use a computer
• Must be able to moderately lift or move up to 5 pounds and occasionally lift or move up to 10 pounds

Education and Background

• 3+ years' experience in real estate and/or foreclosure required
• 3+ years' experience in foreclosure and legal writ of possession process required
• 2+ years' experience as a GSE working investor required

If you have a passion for member service and would like to invest in a meaningful career with opportunity for growth, we encourage you to apply to Truliant!

As a member of the Truliant family, you will enjoy the following full time benefits:

• No-cost employee Medical, dental, vision coverage
• Prescription benefits (including mail order)
• Paid holidays and Paid Time Off (PTO)
• 401(k) plan with contribution matching
• Paid community involvement volunteers hours
• Paid group life Insurance
• Teammate loan discounts
• Tuition reimbursement
• Short and long-term disability
• Health & Wellness program
• Teledoc (physician video conferencing)
• Onsite fitness facilities or health club reimbursement
• Employee Assistance Program (EAP)
• Medical flexible spending account
• Dependent care flexible spending account