View all jobs
Remote Bankruptcy/Foreclosure Specialist
Lansing, MIJob Title: Bankruptcy Foreclosure Specialist
Remote in CST, MST or EST time zone
Department: Mortgage Servicing
Reports To: Foreclosure Manager / Supervisor
Job Summary:
We are seeking a detail-oriented Bankruptcy Foreclosure Specialist to join our Mortgage Servicing team. The ideal candidate will be responsible for managing mortgage loans in bankruptcy and foreclosure, ensuring compliance with all relevant legal, regulatory, and investor guidelines. This role is crucial in protecting our company’s financial interests while respecting the borrower’s rights and navigating the complexities of bankruptcy and foreclosure processes.
Key Responsibilities:
• Loan Management: Monitor and manage loans that are in bankruptcy or foreclosure status, ensuring accurate and up-to-date records.
• Legal Compliance: Ensure all actions are in compliance with federal and state regulations, including but not limited to RESPA, FDCPA, CFPB, and investor requirements.
• Documentation: Prepare, maintain, and update all necessary documentation related to bankruptcy and foreclosure processes, including legal notices, court filings, and payment histories.
• Coordination with Legal Teams: Work closely with attorneys, trustees, and other legal representatives to support case filings, respond to court orders, and manage deadlines effectively.
• Borrower Communication: Communicate with borrowers as needed to provide updates on loan status, explain the bankruptcy or foreclosure process, and explore potential loss mitigation options.
• Risk Mitigation: Identify and address potential issues that could impact the progression of the foreclosure or bankruptcy process, working proactively to mitigate financial risks.
• Reporting: Prepare and distribute regular status reports for internal teams and management, providing insights into active foreclosure and bankruptcy cases.
Qualifications:
• Education: High school diploma or equivalent; an associate’s or bachelor’s degree in business, finance, or a related field is preferred.
• Experience: Minimum of 2 years of experience in mortgage servicing, particularly in bankruptcy, foreclosure, or loss mitigation roles.
• Knowledge: Strong understanding of mortgage servicing regulations, foreclosure laws, bankruptcy codes, and investor requirements.
• Skills:
• Proficient in loan servicing systems and Microsoft Office Suite.
• Excellent organizational skills with a high level of attention to detail.
• Strong verbal and written communication skills, with the ability to interact effectively with borrowers, attorneys, and colleagues.
• Ability to work independently and handle multiple cases with competing deadlines.
$50-55k
Remote in CST, MST or EST time zone
Department: Mortgage Servicing
Reports To: Foreclosure Manager / Supervisor
Job Summary:
We are seeking a detail-oriented Bankruptcy Foreclosure Specialist to join our Mortgage Servicing team. The ideal candidate will be responsible for managing mortgage loans in bankruptcy and foreclosure, ensuring compliance with all relevant legal, regulatory, and investor guidelines. This role is crucial in protecting our company’s financial interests while respecting the borrower’s rights and navigating the complexities of bankruptcy and foreclosure processes.
Key Responsibilities:
• Loan Management: Monitor and manage loans that are in bankruptcy or foreclosure status, ensuring accurate and up-to-date records.
• Legal Compliance: Ensure all actions are in compliance with federal and state regulations, including but not limited to RESPA, FDCPA, CFPB, and investor requirements.
• Documentation: Prepare, maintain, and update all necessary documentation related to bankruptcy and foreclosure processes, including legal notices, court filings, and payment histories.
• Coordination with Legal Teams: Work closely with attorneys, trustees, and other legal representatives to support case filings, respond to court orders, and manage deadlines effectively.
• Borrower Communication: Communicate with borrowers as needed to provide updates on loan status, explain the bankruptcy or foreclosure process, and explore potential loss mitigation options.
• Risk Mitigation: Identify and address potential issues that could impact the progression of the foreclosure or bankruptcy process, working proactively to mitigate financial risks.
• Reporting: Prepare and distribute regular status reports for internal teams and management, providing insights into active foreclosure and bankruptcy cases.
Qualifications:
• Education: High school diploma or equivalent; an associate’s or bachelor’s degree in business, finance, or a related field is preferred.
• Experience: Minimum of 2 years of experience in mortgage servicing, particularly in bankruptcy, foreclosure, or loss mitigation roles.
• Knowledge: Strong understanding of mortgage servicing regulations, foreclosure laws, bankruptcy codes, and investor requirements.
• Skills:
• Proficient in loan servicing systems and Microsoft Office Suite.
• Excellent organizational skills with a high level of attention to detail.
• Strong verbal and written communication skills, with the ability to interact effectively with borrowers, attorneys, and colleagues.
• Ability to work independently and handle multiple cases with competing deadlines.
$50-55k
Thank you for your interest!
If your background aligns with our clients needs, one of our Recruiters will reach out. Please Check your spam folder and voicemail for messages from our recruiters.
Unfortunately due to high volumes of applicants, we may not be able to respond to those who are not a fit. If you do not hear from us regarding this application, please know we do appreciate your interest and encourage you to continue to keep an eye on our website for new opportunities.
If your background aligns with our clients needs, one of our Recruiters will reach out. Please Check your spam folder and voicemail for messages from our recruiters.
Unfortunately due to high volumes of applicants, we may not be able to respond to those who are not a fit. If you do not hear from us regarding this application, please know we do appreciate your interest and encourage you to continue to keep an eye on our website for new opportunities.