Foreclosure Specialist

Planet Home; United States; On-site; USD 65,000 - 90,000; Full time

Job summary

Planet Home Lending is seeking a Foreclosure Specialist to evaluate loans and determine the best foreclosure path for the company and its investors. You will refer cases to approved attorneys, monitor timelines, and ensure adherence to state and investor regulations.

The role supports the attorney in responding to defensive or litigated matters. Ideal candidates have mortgage servicing or foreclosure/paralegal experience and strong MS Office skills.

Qualifications

• This role requires knowledge of mortgage banking practices and regulatory guidelines including FHMLC, FNMA, VA, FHA, USDA.
• Must have strong verbal and written communication and attention to detail.
• Ability to multi-task and meet strict deadlines in a fast-paced environment.

Responsibilities

• Evaluates loans to determine if foreclosure is the best course of action and ensures pre-foreclosure requirements are met.
• Refer accounts to approved Planet Home Lending attorneys and monitor to meet foreclosure timelines.
• Track foreclosure milestones, coordinate with attorneys, and manage documentation and invoicing.
• Ensure compliance with state regulations and investor requirements; respond to counterclaims when needed.
• Assist attorneys in responding to defensive or litigated matters.

Skills

Mortgage banking

Regulatory guidelines

Communication skills

Time management

MS Office

Problem solving

Education

College degree in Business, or work experience equivalent preferred.

Tools

LPS servicing system

Excel

Word

Outlook

Job description

Join a winning team of innovative thinkers, seasoned mortgage professionals, and financial experts. Build your career at Planet—recognized as a Top Mortgage Employer by National Mortgage Professional.

Job Summary

The Foreclosure Specialist is responsible for evaluating loans to determine if foreclosure is best course for Planet Home Lending and its investors. This position will refer loans to approved attorneys, and monitor to ensure foreclosure and bankruptcy activity meets timelines established by Planet Home Lending or its investors. Maintain state and regulatory compliance. As well as assist attorney in responding to any defensive or litigated matter.

Essential Duties and Responsibilities

• Evaluates loans to determine if foreclosure is the best course of action for Planet Home Lending and its investors. Ensures pre-foreclosure requirements have been satisfied.
• Refer accounts to approved Planet Home Lending attorneys to initiate and foreclose within established foreclosure timelines through conveyance.
• Monitor attorney progress during the foreclosure process, instruct attorney on activities to complete actions, facilitating timely doc execution, and invoice processing.
• Maintain foreclosure workstation tracking and coding, timely reporting of foreclosure milestones, and obtaining approvals as needed from the investors or agencies.
• Uphold state and regulatory compliance prohibiting dual tracking, other foreclosure holds, and responding to complaints.
• Knowledge investor requirements to ensure the foreclosure actions are in full compliance with requirements.
• Utilizing Planet Home Lending approved attorneys to defend, resolve and/or settle any counterclaims/defenses made by the mortgagors or third parties.
• Other duties as assigned.

Position Requirements

Education

• College degree in Business, or work experience equivalent preferred.

Experience

• Minimum two (2) years of Foreclosure, or paralegal or law firm experience

OR

• Minimum one (1) year of default mortgage servicing

Functional/Technical Skills

• Knowledge of mortgage banking practices and procedures including familiarity with FHMLC, FNMA, VA, FHA , USDA guidelines and timeframes.
• Working knowledge of Default Servicing procedures
• Effective verbal and written communication skills
• Strong mathematical skills
• Strong attention to detail
• Ability to multi-task and manage time effectively
• Must be flexible, organized and have the ability to manage multiple priorities and meet strict deadlines in a fast-paced work environment
• Ability to problem-solve effectively
• High proficiency in Microsoft Office products including Excel, Word, Outlook. LPS servicing system experience preferred

Environmental/Physical Demands

Work is typically performed in a standard office environment. The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job, the employee is regularly required to sustain predictable work attendance, communicate with others, frequently required to stand, walk, sit, and use arms, hands and fingers to reach, handle or touch. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, and ability to adjust focus.

Pursuant to the Americans with Disabilities Act, reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

This job description is not designed to cover or contain a comprehensive listing of all activities, duties or responsibilities that are required of an employee. The Company reserves the right to amend or modify this document at any time and without notice.

Our benefits package includes 3 comprehensive Cigna or Kaiser medical plans, dental, and vision insurance. We provide short term and long-term disability insurance, basic life insurance, 401(k), and 11 employer paid holidays. In addition, we offer supplemental benefits to include life insurance, critical illness and accident plans.