Foreclosure Specialist

Planet Home Lending, LLC; Virginia, Northern (MN, KY); Hybrid; USD 55,000 - 95,000; Full time

Job summary

Planet Home Lending, LLC is seeking a Foreclosure Specialist to evaluate loans for foreclosure as the best course, refer them to approved attorneys, and monitor timelines and compliance with guidelines.

The role requires knowledge of mortgage servicing, state regulations, and strong communication skills to support attorneys, ensure deadlines, document handling, and investor guideline reporting.

Qualifications

• Minimum requirement: high school diploma.
• College degree in Business or equivalent experience preferred.
• Experience in foreclosure, paralegal or law firm roles preferred.
• Mortgage default servicing experience is a plus.

Responsibilities

• Evaluate loans to determine foreclosure necessity and timelines.
• Refer accounts to approved attorneys to initiate foreclosure.
• Monitor attorney progress and coordinate document execution and invoicing.
• Maintain foreclosure tracking, reporting milestones, and approvals.
• Ensure compliance with state/regulatory rules and investor requirements.
• Work with attorneys to defend or settle counterclaims.
• Perform additional duties as assigned.

Skills

Mortgage banking knowledge

Regulatory guidelines

Default servicing procedures

Verbal & written communication

Attention to detail

Multi-tasking & time management

MS Office (Excel/Word/Outlook)

LPS servicing system

Education

High School diploma

Business degree or equivalent experience

Tools

LPS servicing system

Job description

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

• High School diploma required.


• 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.