Foreclosure Specialist Jobs
Foreclosure Specialist Employment Information
Foreclosure Specialist Job Overview
A foreclosure specialist’s job is to help mortgage lenders take back and sell the homes of consumers who do not make their mortgage payments. They’re problem solvers who need a calm, positive attitude because they deal with distressed home owners. Foreclosure specialist jobs involve dealing with many cases, so foreclosure specialists must be able to multitask and follow mortgage-servicing guidelines accurately.
Foreclosure Specialist Job Types
Foreclosure specialist job opportunities are found in call centers of default servicing companies, where foreclosure specialists work with home owners facing foreclosure; the offices of foreclosure attorneys who file the foreclosure paperwork; at property-preservation companies; and in mortgage banking companies that handle their own foreclosures.
Foreclosure Specialist Education
Landing foreclosure specialist work generally requires a high school diploma and two years’ experience in billing, general accounting or other financial transactions or a four-year college degree with no related experience.
Foreclosure Specialist Job Market
Foreclosure specialist employment has been very high in recent years as banks foreclosed on 3.7 million troubled home owners during the recession. However, recent government rules ordering banks to do more short sales could reduce the number of foreclosures going forward.
Foreclosure Specialist Salary
Median salary for a foreclosure specialist is $37,495, according to Salary.com.
Summary: The Foreclosure Specialist will be responsible for performing tasks associated with foreclosure for serviced portfolio. This includes, but is not limited to, confirmation of referral, monitoring 1st Legal Filing due dates, monitoring of HUD extensions, foreclosure sale dates, oversight of foreclosure sale appraisals, oversight of foreclosure sale bids, and quality assurance of HUD timelin...
Job Description Mortgage Servicing Specialist A large financial institution in the area is currently hiring a Mortgage Servicing Specialist. This position has the opportunity for growth and long term advancement. Candidates with customer service skills or basic mortgage knowledge are applicable! The opportunity is located in a fast-paced environment. Pay: 17.00+/hr, depends on experience *Professi...
Summary: Supports the servicing of mortgage loans. May entail working on default and/or non-defaulted loans. Responsibilities may include processing routine transactions, documenting loan history, responding to customer, investor, or other 3rd party inquiries, researching and/or preparing documentation, or analyzing requests in accordance with established guidelines and determining appropriate cou...
Lundberg & Associates is a law firm servicing the real estate finance industry and other secured and unsecured lenders. The firm primarily represents mortgage lenders and servicers in foreclosure, loss mitigation, eviction, bankruptcy and litigation matters. MORTGAGE DEFAULT SPECIALIST Job Description: The Mortgage Default Specialist is provided training to develop the skills and knowledge needed...
SWE Homes, a Real Estate Investment Firm with a 27-year proven track record of growth and success in the Real Estate Industry is currently seeking a Mortgage Loan Collections Specialist to add to our outstanding team of professionals in the Mortgage Loan Collections Department. The perfect candidate for this challenging and rewarding position will be confident, professional, assertive, accurate in...
Requirements GENERAL FUNCTION: Under moderate supervision Specialist will work with borrowers, mortgage brokers, investors, title companies, attorneys, investors, insurers and real estate agents, in an attempt to mitigate foreclosure/REO avoidance/losses. The specialist works to minimize potential in accordance with departmental, investor, insurer and legal guidelines. The specialist will determin...
Job_Other_Compensation: Job Description: Adecco Group has a current job opportunity for a part time Mortgage Servicing Specialist position in Tempe, AZ Temp to hire Pay rate $16- $20 based on experience Hours: 5:00 PM- 9:00 PM Job Description A Mortgage Servicing Specialist III will support a portfolio of loans in default, imminent default loans with a focus on loan modifications, document validat...
Job_Other_Compensation: Job Description: Adecco is seeking an Invoice Management Specialist to performs variety of activities to ensure the following invoice & refund types are paid and/or resolved timely, accurately and within the appropriate business, state and client guidelines: Attorney/Legal, Property Preservation, Valuations, Association/Co-Op/Leasehold Dues, Pre Foreclosure, Foreclosure and...
Desert Schools is seeking a Collections Support Specialist to join the Credit Assistance Team!! This position will provide clerical support for the Credit Assistance Department. The specialist will have daily contact with third party agencies and vendors, including attorneys. This position will be responsible for processing updates for all charge off negative shares, auto, unsecured and real estat...
Company Confidential Minnetonka, MN, 55343
We have a very exciting opportunity for an experienced Investor Reporting Specialist that is looking to join a financially secure, stable company and thrives in an entrepreneurial environment! The ideal individual will have a proven track record of overseeing investor reporting performed by subservicers for agency and non-agency servicing portfolios. This position is tailored for someone who has 5...
Requirements GENERAL FUNCTION: Under minimal supervision, the Default & Special Servicing Team Lead assists the Default & Special Servicing Supervisor coordinate, delegate, prioritize and follow-up with the work or tasks related to accounts in stages of delinquency;for one or more of the functions within default and special servicing. Foreclosure, Bankruptcy, Claims, FHA Claims, Real Estate Owned...
Job_Other_Compensation: Up to $35000.00 Job Description: One of our clients who is in the timeshare business is looking for a title processor. This person must have title experience, knowledge of some real estate and/or foreclosure. The salary on this position is up to 35K and will be full time. Please attach a resume for immediate consideration. We are an equal employment opportunity employer. Yo...
"Our basic strength lies in the people who work here." - Samuel C. Johnson. The words of our founder are indicative of how we have valued our people for more than 40 years. We believe that our associates are our greatest asset and strive to make sure they know it. Job Description Responsible for evaluating and counseling delinquent mortgagors, or those in imminent risk of default, for foreclosure...
Job Title: Loss Mitigation Analyst Job Location: McLean, VA Duration: 12+ Months with very high possibility of Extension Required Skills: Specialist will work out complex approvals for refinancing. Perform onsite review and negotiation of delinquent mortgage loans. Resolve complex financial issues to provide borrowers with pre-foreclosure lending solutions. Work with the client’s loss mitigation s...
Become a key member of the Default Legal Department (DLD)! The primary function of the DLD Property Preservation Team is to ensure loans in default, including loss mitigation, foreclosure, bankruptcy and REO are serviced in accordance to applicable laws, regulations and investor requirements. This challenging and rewarding position involves management of vacant properties and property preservation...
Position Overview: Asset Manager/ Loss Mitigation Reports to: Team Lead/ Loss Mitigation Supervisor Location: NYC The Loss Mitigation Specialist/ Asset Manager is responsible for the management of an assigned residential mortgage portfolio. The goal-oriented candidate should possess knowledge of borrower outreach strategies, loan analysis, borrower eligibility screening, loss mitigation options, a...
Summary: Manage loan portfolio through the bankruptcy process to ensure department timelines are met. Solve financial and non-financial customer inquiries in an incoming call center environment. Direct and monitor the work performed by Outside Counsel, in compliance with Department timeline requirements. Duties: 1. Manage Bankruptcy portfolio on an independent basis. 2. Handle customer calls effic...
Settlement Specialist One of our clients in Mclean, VA is looking for experience mortgage loan professionals of various expertise. Some of the transactions focused on by this team include: Loan Modifications, Short Sales, Deed in Lieu’s, Charge off's and Third Party Sales. • Expedite the accurate closing of alternatives to foreclosure loans according to guidelines • Validate that alternatives to f...
Job_Other_Compensation: Job Description: Adecco is currently assisting a local client in their search for a 2nd shift Collections Specialist in the Cincinnati area. The Collections Specialist primary responsibilities will include performing collection calls to delinquent customers to obtain payment commitments in accordance with departmental, investor and legal guidelines. Responsibilities for the...
Position Overview: The Servicing Remedy Manager in charge of the SRM program management team is seeking a contingent worker to assist in team responsibilities in the areas of internal audit and process improvement. This will involve direct work with subject loan samples on a daily basis. Responsibilities â€¢ As part of the SRM program team, primarily perform department self-audit duties in accorda...
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Banking Career Tools
$22,880.00 - $39,182.00
Typical Salary for Credit Counselor
Source: Monster.com Careerbenchmarking Tool
Education / Training
Some College Coursework Completed
Source: Monster.com Careerbenchmarking Tool
Restores credit worthiness by determining credit obligations; developing financial plan; counseling clients regarding stable financial actions.
Rate of Growth
Size of Industry in 2006:
Source: Bureau of Labor Statistics, May 2006
Data Entry Skills
Develops agreements with creditors by explaining clients' current situation and proposed payment plan.
Enhances credit and collection and organization reputation by accepting ownership for accomplishing new and different requests; exploring opportunities to add value to job accomplishments.
Popular Foreclosure Specialist Articles
2011 Finance Employment Outlook
Finance professionals should find the 2011 job market a bit kinder than it was in 2010, as companies emerge from the recession ready to grow.
Job Outlook: Five Industries Hiring in 2010
Does your industry benefit from economic disruption and rebuilding? If so, companies in your sector may be poised to start hiring again.