Paralegal – Loss Mitigation (Payoff & Reinstatement)

Friedman Vartolo LLP; Village of Garden City (NY); Remote; USD 50,000 - 80,000; Full time

Job summary

An innovative law firm is seeking a detail-oriented Paralegal to join its Loss Mitigation team. This role is vital in assisting clients through the reinstatement and payoff processes during foreclosure. The ideal candidate will thrive in a fast-paced environment, showcasing strong communication and organizational skills while managing multiple tasks. The firm offers a dynamic workplace with a startup vibe, competitive compensation, and a comprehensive benefits package including medical, dental, and fitness reimbursements. If you are passionate about making a difference in the legal field, this opportunity is for you.

Benefits

Medical Insurance

Dental Insurance

Vision Insurance

401k Plan

Gym/Fitness Membership Reimbursement

Qualifications

• 2+ years of paralegal experience in foreclosure or loss mitigation.
• High attention to detail and strong organizational skills.

Responsibilities

• Request and obtain payoff and reinstatement figures from clients.
• Draft accurate payoff and reinstatement letters per legal requirements.
• Communicate with borrowers and attorneys to provide figures.

Skills

Detail-oriented

Communication Skills

Organizational Skills

Microsoft Office Suite

Mortgage Servicing Platforms

Education

Bachelor's degree in Computer Science or related field

Tools

LPS (Black Knight)

Tempo

Job description

The Company

Friedman Vartolo LLP is a rapidly growing New York based real estate and default services law firm with 250+ employees across six states. The firm prides itself not solely on its superior legal product, but also on its innovative approach to business and problem solving. We offer a fresh, fast-paced energy, with a startup vibe.

The Position

We are seeking a detail-oriented Paralegal to join our Loss Mitigation team. The ideal candidate will have experience working with payoff and reinstatement requests and be adept at managing communications with clients and third parties in a fast-paced legal environment. This position plays a critical role in helping homeowners, lenders, and servicers navigate the reinstatement and payoff processes during foreclosure or loss mitigation proceedings.

Key Responsibilities:

• Request and obtain payoff and reinstatement figures from clients and loan servicers.
• Draft accurate payoff and reinstatement letters in accordance with legal and client requirements.
• Communicate with borrowers, attorneys, title companies, and other requesting parties to provide payoff/reinstatement figures and respond to inquiries.
• Handle follow-up requests, address complaints, and resolve ancillary issues related to payoff or reinstatement.
• Utilize client communication platforms such as LPS and Tempo for file management and updates.
• Maintain accurate records and ensure compliance with state and federal guidelines, as well as client protocols.
• Work closely with attorneys, other paralegals, and administrative staff to ensure timely and efficient processing of requests.

Required Skills & Qualifications:

• Bachelor's degree in Computer Science or related field.
• 2+ years of paralegal or legal assistant experience in foreclosure, real estate, or loss mitigation.
• Familiarity with mortgage servicing platforms such as LPS (Black Knight) and Tempo.
• Excellent written and verbal communication skills.
• High attention to detail and strong organizational skills.
• Ability to handle multiple tasks and work in a deadline-driven environment.
• Proficiency in Microsoft Office Suite (Word, Outlook, Excel).

Compensation/Benefits

We offer a compensation package that will be commensurate with experience and a competitive benefits package including medical, dental, vision, flex spending, 401k and gym/fitness membership reimbursement.

ADA Compliance

Consistent with the Americans with Disabilities Act (ADA), it is the policy of Friedman Vartolo LLP to provide reasonable accommodations when requested by a qualified applicant or candidate with a disability, unless such accommodation would cause an undue hardship for Friedman Vartolo LLP. If you require a reasonable accommodation to complete a job application, pre-employment testing, a job interview or to otherwise participate in the hiring process, please contact Recruitment at [e-mail] to request an accommodations.

Location

This position can be remote.