Foreclosure Specialist at Guild Mortgage in Dallas, TX

Guild Mortgage Company, closing loans and opening doors since 1960. As a mortgage banking firm we are dedicated to serving the home owner/buyer. Our goal is to provide affordable home financing for our customers, utilizing the best terms available while providing a level of professionalism and service unsurpassed in the lending industry.

Position Summary

The Foreclosure Specialist plays an important role in the organization by performing a number of activities related to the company’s Foreclosure functions. The role is primarily responsible, under general supervision, for processing foreclosures of properties when buyers go into default related to their area(s) of specialization (VA, conventional/FHA, Fannie Mae or Freddie Mac). The Foreclosure Specialist monitors and processes judicial and non-judicial foreclosure proceedings after a loan is approved /referred for foreclosure; ensures first legal action is properly initiated and reported in accordance with investor guidelines, prepares documents/deeds for execution, and creates judgment figures for judicial foreclosures. This position will handle all after-sale tasks according to investor guidelines, including monitoring all eviction and property preservation/conveyance processes, prepare and submit conveyance and title packages; as well as, obtain receipt of payments, prepare claims packages within required timeframes and submitting information to Quality Control for review and approval. This role will also follow up on insurance, regulatory agencies, and investor claims in accordance with investor/insurer guidelines and applicable state and federal foreclosure requirements and update the internal system to ensure a record of steps, deadlines, and notices are documented.

Essential Functions

Provide copy of default notice to investor and mortgage insurance carrier.
Monitor file in accordance with required notification periods and issue notice of sale once timeline is satisfied.
Prepare documents and deeds to be executed, and create figures for judicial foreclosures.
Refer borrowers for loan counseling if a short sale, loss mitigation, or payment is requested.
Process postponements, reinstatement requests and judgments.
Prepare bid instructions and obtain required approvals to place home for sale.
Report sale information to investor and mortgage insurance carrier and verify insurance is assigned or cancelled.
Perform internet research to identify utilities and HOAs; make payments and transfer accounts
Review and approve invoices; request checks for payment to reimburse foreclosure fees and costs.
Prepare/review documents and deeds to be executed. Make photocopies and electronically file documents. Provide copies of documents and correspondence when requested.
Refer eviction files to attorneys and monitors occupied properties after sale until eviction is completed and/or property becomes vacant. Ensure eviction–related legal action is initiated and reported in accordance with investor guidelines.
Work with property preservation companies to place vacant properties in conveyance condition (ICC), and ensure deed is recorded.
Request Tax Certifications on ICC properties.
Prepare conveyance and title packages and submit to Quality Control for review, approval and submission to FHA for payment.
Submit curtailment requests to property preservation companies if it is determined they were responsible for any property preservation delays.
Review, monitor, and adjust escrow accounts.
Gather receipts for property preservation, foreclosure fee costs, escrow advances and refunds to prepare claim submission to Quality Control.
Ensure all claims and supporting documents are uploaded into document retention system.
Process insurance refunds and submit for deposit.
Prepare supplemental claims for items not included in original claim; obtain reimbursement of estimated insurance refund as needed.
Prepare loan level reconciliations and follow up on all files until claim status is finalized.
Ensure all loans are liquidated to reflect a zero principal balance within 24 hours of receipt of finalized claim proceeds.
Inform supervisor of reconveyances, conveyance condition issues and title issues.
Review and respond to HUD Demand Letters, Non Compliance and other Notifications. Remit funds to FHA.
Update data in internal systems with status; Enter notes in system related to servicing, actions taken, delays, follow-up actions, and phone conversations. Enter completion date(s) in system, and obtain approval to modify scheduled date(s) when delays occur that impact timelines.
Accurately prepare all HUD CWCOT claims.
Review and process all third party sale files.
Perform other duties as assigned.

Qualifications

High school diploma or equivalent required
College preferred, as well as three or more years total work experience in positions with responsibility for processing mortgage foreclosures, associated documents and timelines, with at least one year experience with FHA foreclosures.
Highly organized and detail oriented; ability to work in a fast-paced, deadline-driven environment required.
Highly proficient with data entry, Microsoft Word, Excel and Outlook.
Prior experience using the internet to perform basic searches to obtain information.
Prior experience using document retention software; Blitzdoc preferred.

Supervision

Generally follows pre-defined processes and guidelines; escalating more complex issues for advice and resolution
Interact with mortgagors, attorneys, title companies and other vendors

Requirements

Travel: 0%

Physical: Work is primarily sedentary; occasionally walks and/or stands.

Manual Dexterity: Frequent use of computer keyboard and mouse.

Audio/Visual: Ability to accurately interpret sounds and associated meanings at a volume consistent with interpersonal conversation. Regularly required to accurately perceive, distinguish and interpret information received visually and through audio; e.g., words, numbers and other data broadcasted aloud/viewed on a screen, as well as print and other media.

Environmental: Office environment – no substantial exposure to adverse environmental conditions.

Guild offers a pleasant work environment, competitive compensation and excellent benefits package; including medical, dental, vision, life insurance, AD&D, LTD and 401(k) with employer match.

Guild Mortgage Company is an Equal Opportunity Employer.

Targeted Salary Range: $21/hr - $28/hr

Compensation at Guild is influenced by a wide array of factors including but not limited to local and federal minimum wage requirements, education, level of experience, and applicant’s geographical location.

REQ#: FOREC016821