Foreclosure Specialist I (On-site)

Newrez LLC - Servicing; Tempe (AZ); On-site; USD 52,000 - 68,000; Full time

Benefits offered by this job

Medical, dental, vision insurance

401(k) retirement with employer match

Paid time off

Job summary

Newrez LLC - Servicing in Tempe, AZ, is seeking an Foreclosure Specialist I to monitor and process accounts in foreclosure. You will handle pre-foreclosure reviews, manage deadlines for letters and referrals, and work with counsel to move files forward while ensuring compliance with investor and client requirements.

Strong communication and time management are essential for success. The role involves maintaining a proactive pipeline, coordinating with attorneys, and performing other duties as

Qualifications

• High school diploma or equivalent required.
• College degree preferred.
• 1-2 years Foreclosure or mortgage servicing related experience preferred.
• Previous experience in law office preferred.

Responsibilities

• Completes pre-foreclosure reviews to ensure loans are referred for foreclosure based on company requirements.
• Monitors progress and ensures deadlines for invoice approval, foreclosure referrals, and collection letters.
• Manages property preservation, order values, and inspections.
• Calculates reinstatement and payoff figures and other debt information for attorneys.
• Maintains pipeline of foreclosure loans and adheres to investor and client requirements.
• Provides information to foreclosure counsel and prepares bidding instructions for foreclosure sales.

Skills

Verbal & written communication

Computer skills

Time management

Microsoft Office (Outlook & Excel)

Attention to detail

LoanSphere/BKFS experience

Education

High school diploma or equivalent

College degree preferred

Mortgage servicing/Foreclosure experience preferred

Law office experience preferred

Tools

LoanSphere/BKFS

Job description

Who We Are

At Newrez, we bring big thinkers and caring doers together to make home happen. We’re a team built on heart and hustle, united by a commitment to show up for our customers, our communities, and each other. We believe that when our people thrive, homeowners thrive - and that’s why we invest in your growth, wellbeing, and ability to make an impact.

Every day, we work to exceed the expectations of our residential mortgage borrowers and business partners through superior service, simple processes, and clear communication. We do this by empowering our employees, encouraging innovative solutions and recognizing great performance.

Primary Function

The Foreclosure Specialist I monitors and processes accounts that are in the foreclosure process.

Principal Duties

• Completes pre-foreclosure reviews to ensure loans are referred for foreclosure based on company requirements.
• Completes, monitors progress, and ensures deadlines are met for invoice approval, foreclosure referrals, foreclosure breach letters and collection letters.
• Completes, monitors progress, and ensures deadlines are met for property preservation, order values, and inspections.
• Calculates and prepares reinstatement, payoff figures, and other debt information to attorneys.
• Manages a pipeline of foreclosure loans to ensure timely processing and adherence to investor, insurer, and client requirements.
• Provides adequate and accurate information to assigned foreclosure counsel.
• Prepares bidding instructions for utilization at foreclosure sale.
• Manages daily exception report to confirm adequate oversight of assigned pipeline.
• Completes follow-ups with foreclosure counsel to obtain all foreclosure documentation as required.
• Makes and answers calls from attorney firms and vendors.
• Adherences to company and department policies and procedures.
• Follows established company guidelines to increase revenue and reduce losses.
• Reviews tasks daily to ensure they are completed within company timelines.
• Performs other duties and projects as assigned by Management.

Education and Experience Requirements

• High school diploma or equivalent required.
• College degree preferred.
• 1-2 years Foreclosure or mortgage servicing related experience preferred.
• Previous experience in law office preferred.

Knowledge, Skill, and Ability Requirements

• Good verbal and written communication skills.
• Good computer and internet skills.
• Must be a self-starter with excellent time management skills and be able to work with general supervision applying established procedures and specific standards.
• Proficient use of Microsoft Office- Outlook and Excel
• Attention to detail and ongoing time management.
• LoanSphere/BKFS experience preferred.

Additional Information

While this description is intended to be an accurate reflection of the position’s requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.

All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Microsoft Authenticator. Employment will be contingent on this requirement.

Why Newrez

We’re a great place to work because we invest in what matters: your career, your community, your wellbeing, and your future. Our total rewards package is designed to support your whole self.

Company Benefits

We offer benefits, programs, and perks that support you in every aspect of your life.

• Medical, dental, and vision insurance
• Health Savings Account with employer contribution
• 401(k) Retirement plan with employer match
• Paid Maternity Leave/Parental Bonding Leave/Caregiver Leave
• Adoption Assistance
• Tuition & Certification reimbursement
• Employee Mortgage Loan Program
• The Newrez Employee Emergency and Disaster Fund is a program to support our team members experiencing hardships

Newrez NOW

• 1 company-paid Volunteer Time Off day (with over 40,000 volunteer hours contributed since our inception)
• Matching Gifts Program - dollar-for-dollar up to $1,000
• Access to grants, nonprofit resources, and volunteer opportunities
• More than $6,000,000 donated since 2020
• 1 in 5 employees participates in at least one Employee Resource Group (ERG)

Equal Employment Opportunity

We're proud to be an equal opportunity employer- and celebrate our employees' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.

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