Foreclosure Specialist

Description

The Foreclosure Specialist is responsible for an assigned caseload of mortgage loans under the management of Default Servicing due to Foreclosure, litigation or liquidation. Responsibility includes but is not limited to ensuring all investor guidelines are adhered to, timelines are monitored and met while minimizing risk to The Money Source and clients. All employees of The Money Source Inc. are expected to provide quality customer service and maintain high ethical standards when serving our clients.

About TMS

Founded in 1997, TMS is a national company headquartered in the Greater Phoenix Metro area along with offices in New York and Connecticut. Housing a variety of customer-facing roles as well as many specialized mortgage and loan servicing roles. We take pride in being an innovative, autonomous, customer-service focused, and tech-oriented company. By living our Core Values of People Matter, Inspiring Leadership, Strength of Character and Rock Solid Service, we have created a culture of excellence that strives to provide the one thing that all of our customers seek: The Perfect Customer experience!

Duties and Responsibilities:

• Manage pipeline of Active and Suspended Foreclosure loans from the referral through the post-sale process. Documenting all loan-level efforts into the Foreclosure Workstations in MSP and LoanSphere.
• Review and provide designated counsel all documentation necessary to effectively manage the Foreclosure process to ensure all accounts are being managed according to investor and insurer timelines.
• Coordinate with our Attorney network to maximize efficiency and timeliness of resolution through loss mitigation options or Foreclosure sale.
• Prepare relevant legal documents to be executed by management including, Affidavits, Assignment of Mortgage, SOT's and other Foreclosure related documents.
• Review incoming expenses for invoices or additional fees for accuracy and investor compliance.
• Maintains a thorough working knowledge of all State, Federal, County and City requirements and regulations. Attends training sessions as required.
• Performs such other duties as may be assigned by Default Management

Requirements

• Extensive knowledge of the foreclosure process and workflows.
• Preferred but not required- Knowledge of Black Knight software products. Specifically, MSP, Loansphere and Invoice Management.
• Knowledge of CHFA/FHA, GNMA, FNMA, FHLMC, MI and various other investor/insurer
• foreclosure requirements.
• Excellent oral and written communication skills.
• Microsoft Office proficiency (Word processing and spreadsheets, data entry, PC input, etc.)
• Ability to work independently
• Goal-oriented

Education:

• High School diploma and/or some college
• Combination of education and required minimal experience in Collection call center/customer service/mortgage servicing environment

EEO Statement: We're an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.