Foreclosure Specialist III (On-site)

Newrez LLC - Servicing; Houston (TX); On-site; USD 55,000 - 85,000; Full time

Job summary

Newrez LLC - Servicing is seeking a Foreclosure Specialist III in Houston, TX. You will monitor and manage foreclosure accounts, ensuring compliance with investor and client requirements while coordinating with counsel and vendors.

The role emphasizes accuracy, timely processing, and collaboration with attorneys to advance foreclosure proceedings. A college degree is preferred, with extensive foreclosure/mortgage servicing experience expected.

Qualifications

• High school diploma or equivalent required.
• College degree preferred.
• 5+ years direct foreclosure or mortgage servicing experience preferred.
• Previous experience in law office or mortgage servicing company required.

Responsibilities

• Completes pre-foreclosure reviews to determine referrals for foreclosure.
• Monitors and progresses invoices, foreclosure referrals, bidding instructions, and related tasks to deadlines.
• Manages property preservation, order values, and inspections; prepares reinstatement and payoff figures.
• Manages pipeline of foreclosure loans to ensure timely processing per investor, insurer, and client requirements.
• Provides accurate information to foreclosure counsel and prepares bidding instructions for foreclosure sales.
• Maintains daily exception reporting and conducts follow-ups with foreclosure counsel to obtain required documents.
• Liaises with attorney firms and vendors to resolve aging actions within foreclosure process.
• Supports management in developing talent and mentoring junior staff.

Skills

Time management

Verbal & written communication

Self-starter

Education

High School Diploma

College degree preferred

Tools

Microsoft Outlook

Microsoft Excel

SQL

Tableau

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 III 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 bidding instructions and other tasks.
• 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.
• Works with network of attorneys and management team to develop strategic resolution plans for aging actions within foreclosure process.
• Maintains working knowledge of in-depth foreclosure requirements of investors, insurers, and clients to ensure premier performance.
• Manages attorneys to ensure Foreclosure process is consistently progressing.
• Ensures accounts are properly documented with accurate and comprehensive status updates.
• Follows established company guidelines, department policies and procedures.
• Ensures compliance with all investor requirements.
• Identify opportunities to shorten timelines, drive performance and minimize loss.
• Assists management team in development of talent through mentoring of junior staff members.
• Performs other duties and projects as assigned by Management.

Education and Experience Requirements

• High school diploma or equivalent required.
• C ollege degree preferred.
• 5+ years direct foreclosure or mortgage servicing related experience preferred.
• Previous experience in law office or mortgage servicing company required.

Knowledge, Skill, and Ability Requirements

• Good computer and internet skills.
• Good verbal and written communication 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.
• Proficiency of Black Knight/LPS required.
• Proficiency in Microsoft Office- Outlook and Excel required.
• SQL/Tableau experience preferred
• Ability to multi-task in an environment of changing priorities by maintaining a daily worklist in addition to other assignments.

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