Foreclosure Analyst I

About the role

The Foreclosure Analyst reports to the Manager of Foreclosure. The primary role of the Analyst is to monitor residential mortgage loans in the foreclosure process to minimize potential losses and preserve the lien-holder's interests. Conducts all activities in adherence to all applicable investor timelines. Performs all duties in accordance with company guidelines and applicable federal, state and local regulations. The Analyst will manage loan portfolios through the current foreclosure process and work with attorney firms to make sure all deadlines are met. They will be able to properly coordinate all work assignments timelines on multiple projects, by managing time constraints and prioritizing accordingly. The analyst will be responsible for developing working relationships with Foreclosure Counsel and firms. Location: Remote, Hybrid if located within 30 miles of Santa Ana, CA or Austin, TX & will need to work 4 days on-site.

Responsibilities

• Audits and reviews Foreclosure for timeline adherence across all states.
• Processes loans in Foreclosure from Referral to FC Sale.
• Performs business unit testing to ensure all FC files are QC'd and updated accurately at all times.
• Reviews payment histories and reconciles loans.
• Monitors and maintains accurate records within the servicing system while the asset is in the foreclosure process.
• Coordinates with attorney firms to maintain and execute applicable documents within the foreclosure process.
• Researches borrowers’ disputes related to foreclosure proceedings.
• Evaluates account and filing characteristics against legal precedents in order to identify/alleviate potential losses either monetary, or timeline in nature.
• Processes foreclosure referrals timely to the firm and ensures First Legal is met in accordance with investor guidelines.
• Provides accurate and timely bidding instructions to the firm.
• Reviews files to ensure dual tracking guidelines are adhered.
• Provides payment instructions to the Cash Department for funds received directly from borrowers to ensure proper application towards appropriate balances as outlined in the foreclosure case and in accordance with investor/insurer guidelines.
• Leverages a wide range of legal and foreclosure knowledge to augment the legal support services provided by internal/external counsel.
• Resolves complex issues involving payment disputes, escrow discrepancies/changes, ARM changes, inaccurate mortgage assignments.
• Identifies and mediates any potential loan origination/documentation issues that could expose the bank or investors/insurers to financial losses.
• Audits accounts for