Foreclosure Bankruptcy Specialist

Automatic Data Processing, Inc.; Providence (RI); Hybrid; USD 59,000 - 77,000; Full time

Benefits offered by this job

Parking stipend

Lunch and Learn series

Paid Time Off

Education reimbursement

Job summary

RIHousing is seeking a Foreclosure Bankruptcy Specialist to manage bankruptcy and foreclosure activities in compliance with laws and investor guidelines. Hybrid role in Providence within the Loan Servicing team, offering collaboration in an office setting.

The position focuses on minimizing risk while coordinating with legal counsel, HUD requirements, and CFPB/FDCPA regulations. Strong analytical, negotiation, and organizational skills are essential, with bilingual ability preferred.

Qualifications

• Paralegal Certification preferred; associate’s degree or related field may suffice.
• Experience in mortgage collections, foreclosure, and bankruptcy is preferred.
• Knowledge of bankruptcy/foreclosure laws and CFPB/FDCPA regulations is expected.

Responsibilities

• Administer foreclosure and bankruptcy activities per policies and regulatory requirements.
• Monitor delinquent accounts and prepare foreclosure referral recommendations.
• Calculate and validate delinquency figures for legal documents and notices.
• Coordinate with counsel to initiate foreclosure and motions for relief as needed.
• Determine HUD foreclosure requirements and coordinate documentation with counsel.
• Review Chapter 7 and 13 bankruptcies to assess debtor intent and plan feasibility.
• Prepare bankruptcy proofs of claim, notices, and post-petition fees for filing.
• Prepare Reaffirmation Agreements for Chapter 7 matters and coordinate with counsel.
• Process pre- and post-petition payments and analyze bankruptcy plans for servicing actions.
• Coordinate with Escrow to ensure annual analyses comply with bankruptcy rules.
• Maintain REO/loan servicing workstations and update records post-foreclosure.
• Manage a pipeline of foreclosure/bankruptcy accounts and monitor key milestones.
• Prepare foreclosure bids and communicate requirements to counsel.
• Provide updates in asset management systems for Fannie Mae/Freddie Mac.

Skills

Negotiation

Communication

Organizational skills

Analytical skills

Problem solving

Multitasking

Independent work

Bilingual

Education

Paralegal Certification

Associate’s degree in business administration or related field

Tools

Microsoft Word

Microsoft Excel

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Foreclosure Bankruptcy Specialist

Servicing - REO Full Time Regular Providence, RI, US

Salary Range: $58,972.00 To $76,664.00 Annually

RIHousing – Foreclosure Bankruptcy Specialist

Salary - $58,972.00 - $76,664.00

Please note: This pay range represents the base annual full-time salary for all positions within this job grade. The actual salary offered will depend on factors such as experience and other job‑ related‑ qualifications.

What we are all about:

We are seeking a dynamic professional to serve as the Foreclosure Bankruptcy Specialist within our Loan Servicing Department. This position is responsible for managing 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 is a hybrid position based in Providence, Rhode Island, where you will be an integral part of our Loan Servicingteam. The role is designed for face-to-face collaboration and direct involvement in our office environment.

What you’ll do daily:

• Administer foreclosure and bankruptcy activities within the Single-Family Loan Servicing Division in accordance with internal policies, regulatory requirements, investor and insurer guidelines, and sub-servicing requirements.
• Monitor delinquent accounts and identify loans that meet established foreclosure referral criteria. Prepare foreclosure referral recommendations for review by the Assistant Director and ensure all prerequisites for initiating foreclosure are satisfied.
• Calculate, reconcile, and validate delinquency figures for use by legal counsel in demand letters, court affidavits, and other legal documents, ensuring accuracy and compliance with applicable federal and state requirements and regulatory timelines.
• Coordinate with foreclosure and bankruptcy legal counsel to initiate foreclosure proceedings and, when applicable, motions for relief from the bankruptcy stay.
• Determine applicable HUD foreclosure requirements for referred loans, including whether the foreclosure will proceed through a judicial or non-judicial process, and coordinate required documentation and actions with legal counsel.
• Review Chapter 7 and Chapter 13 bankruptcy filings and plans to determine the debtor’s intent, assess plan feasibility, and identify servicing actions and requirements.
• Calculate, reconcile, and prepare bankruptcy proofs of claim, notices of final cure payment, notices of payment change, and notices of post-petition fees for Chapter 13 bankruptcy matters for filing by legal counsel.
• Prepare Reaffirmation Agreements for Chapter 7 bankruptcy matters and coordinate related requirements with legal counsel.
• Process and monitor pre- and post-petition bankruptcy payments, fees, and other account activity to ensure accurate application and research bankruptcy plans as needed to determine appropriate servicing actions.
• Coordinate with the Escrow Department to ensure annual escrow analyses and related servicing activities comply with applicable bankruptcy requirements.
• Maintain foreclosure and bankruptcy workstations within the loan servicing system, including post-foreclosure activities. Update account records and the Real Estate Owned (REO) workstation following foreclosure to ensure accurate and timely reporting.
• Manage a pipeline of active foreclosure and bankruptcy accounts, including reviewing attorney pipeline reports and monitoring legal milestones to ensure required actions are completed within established timelines.
• Prepare foreclosure bids in accordance with applicable investor and insurer requirements and communicate bid instructions and supporting information to legal counsel.
• Provide post-foreclosure updates in the Fannie Mae and Freddie Mac Asset Management systems, as applicable.
• For Fannie Mae loans, prepare and submit REOgrams and Cash Disbursement Request Forms in accordance with applicable requirements.
• Prepare monthly internal and sub-servicing reports related to delinquency, REO, and mortgage insurance (MI) claim status.
• Maintain current knowledge of applicable federal and state foreclosure and bankruptcy laws, regulations, investor and insurer requirements, and servicing guidelines, including requirements administered by the Consumer Financial Protection Bureau (CFPB) and the Fair Debt Collection Practices Act (FDCPA).
• Cross-train in other loan servicing functions and provide support for assigned special projects and departmental initiatives.

What success looks like in this position:

• Paralegal Certification preferred, associate’s degree in business administration, or related field
• Five years’ experience in mortgage collections, foreclosure, and bankruptcy preferred
• Knowledge of state and federal laws governing bankruptcy and foreclosure, knowledge of CFPB and FDCPA regulations, and knowledge of government-insured loans, including FHA, USDA, FNMA, Freddie Mac, and VA-insured loans
• Strong negotiations, communications, and organizational skills
• Strong analytical and problem-solving skills, ability to comprehend complex transactions
• Ability to handle multiple projects/tasks, prioritize and organize workload, and meet investor and legal deadlines
• Technology proficiency, including Microsoft Word and Excel
• Understanding of real estate appraisals and titles
• Ability to work independently, be flexible, and self-motivated
• Bilingual ability preferred (particularly Spanish or Portuguese)
• Use of a personal vehicle, a valid driver’s license, and proof of insurance is required

Not sure if you meet all the qualifications? Let us decide!

Why RIHousing:

• Mission-Driven Organization
• Lunch and Learn series
• Employee Recognition programs
• Dedicated Workforce
• Parking Stipend
• Paid Time Off
• Retirement Options
• Education Reimbursement
• Onsite Fitness Classes
• Winner of "Best Places to Work" 2016, 2018, 2019, 2021 - 2026
• Greater Providence Chamber of Commerce Worksite Health Award 2013 - 2026
• PBN's Healthiest Employers of RI 2025 & 2026

About RIHousing

RIHousing works to ensure that all people who live in Rhode Island can afford a healthy, attractive home that meets their needs. RIHousing provides loans, grants, education and assistance to help Rhode Islanders find, rent, buy, build and keep a good home. Created by the General Assembly in 1973, RIHousing is a self-sustaining corporation and receives no state funding for operations.