Foreclosure & Bankruptcy Compliance Specialist

Sate Housing Finance Agencies (HFAs); Providence, Northern (RI, KY); Hybrid; USD 59,000 - 77,000; Full time

Benefits offered by this job

Parking Stipend

Lunch and Learn series

Education Reimbursement

Onsite Fitness Classes

Job summary

RIHousing in Providence, Rhode Island is seeking a Foreclosure Bankruptcy Specialist to manage bankruptcy and foreclosure activities in compliance with applicable laws, investor and insurer regulations, and established guidelines, while minimizing financial risk and exposure to RIHousing.

This hybrid position is based in Providence, RI, and involves face-to-face collaboration within the Loan Servicing team in an office environment.

Qualifications

• Paralegal Certification preferred; associate’s degree in business administration or related field.
• Five years of mortgage collections, foreclosure, and bankruptcy experience preferred.
• Knowledge of bankruptcy and foreclosure laws and CFPB/FDCPA regulations.
• Strong negotiation, communication, and organization skills.

Responsibilities

• Administer foreclosure and bankruptcy activities in accordance with internal policies and regulatory requirements.
• Monitor delinquent accounts and prepare foreclosure referrals.
• Calculate and reconcile delinquency figures for legal documents and notices.
• Coordinate with foreclosure and bankruptcy counsel to initiate proceedings and motions.
• Determine HUD foreclosure requirements and coordinate with counsel.
• Review Chapter 7 and 13 filings to assess debtor intent and plan feasibility.
• Prepare bankruptcy proofs of claim, notices of final cure payment, and related notices.
• Prepare Reaffirmation Agreements for Chapter 7 matters and coordinate with counsel.
• Process and monitor pre- and post-petition payments and related servicing actions.
• Coordinate with the Escrow Department to ensure compliant analyses.
• Maintain loan servicing workstations and update REO data after foreclosure.
• Manage a pipeline of foreclosure and bankruptcy accounts and monitor legal milestones.
• Prepare foreclosure bids and communicate instructions to counsel.
• Provide updates in asset management systems as applicable.
• For Fannie Mae loans, prepare REOgrams and Cash Disbursement Request Forms.
• Prepare monthly internal/sub-servicing reports on delinquency, REO, and MI claims.
• Maintain knowledge of applicable bankruptcy laws and CFPB/FDCPA regulations.
• Cross-train in other loan servicing functions and support special projects.

Skills

Foreclosure

Bankruptcy

Mortgage servicing

Regulatory compliance

Negotiation

Education

Paralegal Certification

Associate degree in business administration

Tools

Microsoft Word

Excel

Job description

RIHousing in Providence, Rhode Island is seeking a Foreclosure Bankruptcy Specialist to manage bankruptcy and foreclosure activities in compliance with applicable laws, investor and insurer regulations, and established guidelines, while minimizing financial risk and exposure to RIHousing.

This hybrid position is based in Providence, RI, and involves face-to-face collaboration within the Loan Servicing team in an office environment.