Foreclosure Bankruptcy Specialist - RIHousing

National Council of State Housing Agencies; Providence (RI); On-site; 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

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 Servicing team. 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

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.

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