Foreclosure Specialist

Newrez; Tempe (AZ); On-site; USD 55,000 - 75,000; Full time

Job summary

Newrez in Tempe, AZ is seeking a Foreclosure Specialist to join our mortgage servicing team. This on-site role focuses on managing foreclosure processes, ensuring regulatory and investor guideline compliance, and coordinating with attorneys and trustees.

You will monitor timelines, update records, and communicate progress to internal teams and external partners while supporting loss mitigation and maintaining accurate documentation. Strong organizational skills are essential.

Qualifications

• Strong knowledge of Mortgage Servicing and Loan Servicing processes.
• Experience with Defaults and Foreclosures and coordinating with legal partners.
• Understanding Bankruptcy Law related to mortgage accounts.
• Ability to analyze loan documentation for accuracy and compliance.
• Proficient with servicing systems, spreadsheets, and standard office tools.
• Excellent written and verbal communication across teams.
• Strong organizational and time management skills.
• Prior mortgage servicing or default management experience preferred.
• High school diploma required; related degree is a plus.

Responsibilities

• Review loan files for foreclosure eligibility and protocols.
• Coordinate with attorneys, trustees, and external partners.
• Monitor timelines and update internal systems.
• Communicate status updates to internal and external stakeholders.
• Support loss mitigation efforts and maintain documentation.

Skills

Mortgage Servicing

Defaults & Foreclosures

Bankruptcy Law

Loan Documentation

Servicing Systems

Communication Skills

Organization

Industry Experience

Education

High School Diploma

Business/Finance Degree

Tools

Office Software

Job description

Company Description

Newrez is a national mortgage company dedicated to supporting clients through every stage of homeownership, from their first home to their forever home. With a wide range of loan options, the company tailors solutions to match individual goals, whether clients are purchasing, refinancing, or accessing home equity. Customers benefit from a single, dedicated point of contact and a service approach that emphasizes clarity, empathy, and practical guidance. Newrez is also recognized as a Military Friendly® Employer and offers specialized resources to help U.S. servicemembers and their families achieve and sustain homeownership. Beyond lending, Newrez supports communities across the United States through employee volunteerism and grants to local organizations via the Newrez NOW program.

Role Description

The Foreclosure Specialist role at Newrez is a full-time, on-site position based in Tempe, AZ. This role is responsible for managing foreclosure processes within the company’s mortgage servicing portfolio, ensuring compliance with regulatory requirements, investor guidelines, and internal policies. Day-to-day tasks include reviewing loan files for foreclosure eligibility, coordinating with attorneys and trustees, monitoring timelines, updating system records, and communicating status updates to internal teams and external partners. The Foreclosure Specialist will also work closely with colleagues in default and bankruptcy areas to minimize risk, support loss mitigation efforts, and maintain accurate documentation. The position requires careful attention to detail, strong organizational skills, and the ability to handle sensitive information with professionalism.

Qualifications

• Strong knowledge of Mortgage Servicing and Loan Servicing processes, including investor and regulatory requirements.
• Experience working with Defaults and Foreclosures, including timeline management and coordination with legal and third-party partners.
• Understanding of Bankruptcy Law as it relates to mortgage accounts, payment application, and legal restrictions.
• Ability to analyze loan documentation, identify issues, and ensure accurate, compliant file maintenance.
• Proficiency with servicing systems, spreadsheets, and standard office software tools.
• Excellent written and verbal communication skills, with the ability to collaborate across teams and interact with external stakeholders.
• Strong organizational, time management, and problem-solving skills, with a focus on meeting deadlines and maintaining data integrity.
• Prior experience in mortgage servicing, default management, or a related financial services role is preferred.
• High school diploma or equivalent required; associate or bachelor’s degree in business, finance, or a related field is a plus.