Foreclosure & OREO Analyst

Summary of Role

The Foreclosure & OREO Analyst is responsible for managing residential real estate loans through the foreclosure process (including pre-foreclosure) and overseeing post-foreclosure OREO (Other Real Estate Owned) assets. This role ensures compliance with investor, regulatory, and internal requirements while minimizing loss severity and timelines. The position collaborates closely with legal counsel, vendors, property managers, and internal stakeholders to drive timely resolutions and maximize asset value.

Essential Job Functions/Responsibilities

• Monitor and manage loans in active foreclosure from pre-foreclosure delinquency through sale or resolution, including Fannie Mae, Freddie Mac and SONYMA loans
• Coordinate with foreclosure attorneys to ensure timely and accurate legal actions
• Review and monitor legal documents relating to foreclosure action
• Review foreclosure milestones, filings, and case statuses for accuracy and compliance
• Including communication with law enforcement and court officials
• Identify delays, exceptions, or issues and take corrective action
• Evaluate borrower reinstatement, payoff, and loss mitigation impacts on foreclosure timelines, including the handling of modification/workout requests
• Review and approve invoices related to foreclosure expenses
• Transfer foreclosed properties into OREO inventory upon title acquisition
• Coordinate property preservation, inspections, valuations (BPOs/appraisals), and maintenance
• Monitor property condition, vacancy status, and code compliance
• Work with asset managers, brokers, and vendors to prepare properties for market
• Track marketing timelines, pricing strategies, and disposition outcomes
• Review drafted affidavits for accuracy and timely response
• Review and approve invoices related to OREO expenses
• Prepare internal and investor reporting related to pipeline volume and aging
• Identify process gaps and recommend operational improvements
• Support audits, exams, and internal quality control reviews
• Ensure compliance with servicing agreements, investor guidelines, and company policies
• Maintain accurate loan-level documentation and system notes
• Respond to regulatory, investor, or internal audit inquiries
• Escalate high-risk issues or exceptions to management

Required Qualifications

• 2–5+ years of experience in foreclosure, default servicing, OREO, or loss mitigation
• Working knowledge of mortgage servicing systems (e.g., Black Knight)
• Strong understanding of foreclosure laws and timelines (judicial and non-judicial preferred)
• Experience working with foreclosure counsel and third-party vendors

Preferred Qualifications

• OREO asset management experience
• Familiarity with SONYMA, Fannie Mae, and Freddie Mac guidelines
• Experience supporting regulatory exams or investor audits

Starting Compensation

$24.75-$29.70/hr., plus a competitive benefits package