Foreclosure Specialist I (On-site)

Coast One Mortgage; Tempe (AZ); On-site; USD 42,000 - 54,000; Full time

Benefits offered by this job

Medical, dental, and vision insurance

401(k) Retirement plan with employer.

Paid time off

Career growth opportunities

Job summary

Newrez is seeking a Foreclosure Specialist I in Tempe to monitor and process accounts in foreclosure. The role emphasizes accurate review, timely referrals, and coordination with counsel to ensure compliance with investor requirements.

The position requires strong communication, time management, and attention to detail, with a preference for prior foreclosure or mortgage servicing exposure. Candidates should be capable of working under established procedures and with limited supervision.

Qualifications

• 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.

Responsibilities

• Monitors and processes accounts in the foreclosure process.
• Completes pre-foreclosure reviews and ensures referrals for foreclosure per company requirements.
• Manages deadlines for invoice approval, foreclosure referrals, breach letters and collection letters.
• Prepares reinstatement, payoff figures, and other debt information for attorneys.
• Manages pipeline of foreclosure loans to ensure timely processing and compliance with investor, insurer, and client requirements.
• Provides information to assigned foreclosure counsel.
• Prepares bidding instructions for foreclosure sales.
• Keeps daily exception reports for oversight of the pipeline.
• Follows company policies and procedures and seeks to increase revenue and reduce losses.

Skills

Communication skills

Time management

Self-starter

Education

High school diploma or equivalent

College degree preferred

Tools

Microsoft 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. 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.

Why Newrez!

Company Benefits

• 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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The right company in the right industry.

In both good economic times and bad, people need homes - and mortgages to buy them.

We help these people every day buy homes or refinance their current mortgage loans.

In addition to offering an in-demand product, there are two things you should know about us: We value and reward entrepreneurial spirit, and we are growing. Few lenders are as innovative, as financially solid, as well managed and on track to become America's leading lender as the Newrez Family of Companies. We deliver products and services that turn prospects into delighted customers -providing abundant opportunity for the great people who work here. These competitive advantages set us apart, and they're why you can grow with us for the long term.