Rushmore Loan Management Services

  • Foreclosure Specialist - GNMA

    Job Locations US-OK-Oklahoma City
    Job ID
    2018-2102
    Category
    Servicing
    Type
    Regular Full-Time
    FLSA Status
    Non-Exempt
  • Overview

     

    POSITION SUMMARY:

    The GNMA Foreclosure Specialist is responsible for the completion of routine foreclosures, compliance with all state laws and investors, insurers, and company time frames.

    Responsibilities

    ESSENTIAL DUTIES AND RESPONSIBILITIES:

     

    • Conduct a complete review of the foreclosure file to ensure all default timeframes have been met.
    • Requests and reviews all updated documentation from Investors, Insurers, and Agencies to ensure compliance.
    • Manages foreclosure proceedings on assigned cases by interacting and instructing various parties such as mortgagors, attorneys, investors, insurers, Realtors, appraisers and any other party involved with the foreclosure.
    • Monitors the attorney’s performance by reviewing all proceedings, records and timeframes in addition to working all system/database activities throughout the foreclosure process.
    • Diligently follows up on all outstanding requests and telephone calls from internal and external customers.
    • Requests, follows up and reviews in detail all appraisals and BPO’s for accuracy to determine the value of the property for the foreclosure sale, calculation of loss analysis, establishment of deficiency judgments, payments of advances, and/or recovery situations.
    • Upon request, provides the attorney with accurate foreclosure figures, including reinstatement, payoff, and assumption figures which will be provided to external parties by the attorney. In addition, provide the attorney with accurately executed documents as requested.
    • Prepares bidding instructions, ensuring compliance with Investor, Insurer, Agency and company guidelines.
    • Performs required research on any loan with questionable items such as the application of payments, proper foreclosure notification, who to foreclose in the name of and any other situation that may arise.
    • Processes all foreclosure sale results within the Investor, Insurer, Agency and company guidelines.
    • Assists other Foreclosure Specialists and acts as a backup when others are out of the office.
    • Actively reviews and pursues all loss mitigation alternatives in all appropriate customer circumstances and forward any potential customers to the appropriate Loss Mitigation Department for consideration.
    • Perform other duties as required.


     

    Qualifications

    ESSENTIAL KNOWLEDGE & SKILLS:

     

    • Knowledge of escrow and insurance requirements
    • Knowledge of Real Estate/Loan documents, including loan closing and foreclosure
    • Excellent organizational and time management skills
    • Ability to work under pressure and meet deadlines
    • Ability to use sound judgment and make accurate decisions
    • Effective verbal, written and communication skills
    • Ability to multitask
    • Experience in Microsoft Office.
    • Demonstrate strong leadership and people skills
    • Ability to independently solve complex problems

    EDUCATION AND/OR EXPERIENCE:

     

    • Bachelor’s degree preferred
    • High School Diploma required
    • Minimum 1+ Years Mortgage Servicing experience required
    • Minimum 3+ Years Foreclosure experience preferred

     

    MACHINES, OFFICE EQUIPMENT & SOFTWARE:

     

    • Proficient with Microsoft Office applications.
    • Familiar with LPS desktop and MSP workstations.

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