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Guild Mortgage · 1 day ago

Foreclosure Specialist

San Diego, California, United States

Full-time

Onsite

Mid Level

$23/hr - $31/hr

3+ years exp

Guild Mortgage Company, closing loans and opening doors since 1960, is a mortgage banking firm dedicated to serving homeowners and buyers. The Foreclosure Specialist is responsible for processing foreclosures of properties in default, monitoring proceedings, preparing necessary documents, and ensuring compliance with investor guidelines.

Consumer LendingLendingMortgageReal Estate

Responsibilities

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

Qualification

Mortgage foreclosure processingFHA foreclosure experienceData entryMicrosoft WordMicrosoft ExcelDocument retention softwareHighly organizedInternet researchMicrosoft OutlookDetail orientedFast-paced environment

Required

High school diploma or equivalent required

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