Foreclosure Specialist I (On-site)

Newrez; Tempe (AZ); On-site; USD 45,000 - 65,000; Full time

Benefits offered by this job

Medical, dental, and vision

Health Savings Account

401(k) with employer match

Paid maternity/ Parental leave

Adoption assistance

Tuition & Certification reimbursement

Employee Mortgage Loan Program

Emergency and disaster fund

Job summary

Newrez is seeking a Foreclosure Specialist I in Tempe, AZ to monitor and process accounts in foreclosure. You will handle pre-foreclosure reviews, deadlines for invoices, referrals, and correspondence to attorneys, while managing a pipeline to meet investor and client requirements.

The role requires strong communication, time management, and proficiency with Microsoft Office and related systems. Experience in mortgage servicing or law offices is preferred, with potential growth opportunities

Qualifications

• Excellent verbal and written communication skills.
• Strong time-management and self-starter attitude.
• Proficient with Microsoft Outlook and Excel.
• LoanSphere/BKFS experience preferred.

Responsibilities

• Completes pre-foreclosure reviews to ensure loans are referred for foreclosure based on company requirements.
• Monitors progress and ensures deadlines are met for invoice approval, foreclosure referrals, foreclosure breach letters and collection letters.
• 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 foreclosure sale.
• Manages daily exception report to confirm oversight of assigned pipeline.
• Completes follow-ups with foreclosure counsel to obtain all required documentation.
• Answers calls from attorney firms and vendors.
• Adheres to company and department policies and procedures.
• Follows guidelines to increase revenue and reduce losses.
• Reviews tasks daily to ensure timely completion.
• Performs other duties and projects as assigned by Management.

Skills

Verbal and written communication

Time management

Self-starter

Microsoft Office/Outlook

Microsoft Excel

Attention to detail

LoanSphere/BKFS

Education

High school diploma or equivalent

College degree preferred

1-2 years Foreclosure or mortgage servicing experience preferred

Previous experience in law office preferred

Tools

Microsoft Office - Outlook

Microsoft Excel

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.

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

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

Through Newrez NOW, our Corporate Social Responsibility program, you’ll have opportunities to give back, lead, and make a difference.

• 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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