Foreclosure Specialist

About the role

The Foreclosure Specialist is responsible for servicing loans from the date of the default through a foreclosure sale, following Agency guidelines.

Responsibilities

• Perform pre foreclosure/due diligence review prior to referral to attorney for foreclosure commencement
• Provide complete foreclosure referrals to attorney
• Diligently review loans assigned to foreclosure attorney to ensure that milestones are being completed and attorneys are expediting the foreclosure process to be completed within allowable state timelines
• Conduct aggressive follow up and high touches, at minimum weekly, to ensure files are moving without delays
• Maintain current foreclosure status in all systems of records used by BSI
• Calculate foreclosure bid figures in accordance with agency guidelines
• Provide timely response and follow up to all requests from internal and external contacts
• Review legal documents/affidavits prepared by counsel for accuracy prior to execution
• Clear out and work queues assigned daily
• Ensure compliance with legal requirements and internal policies

Requirements

• Ability to multi-task and prioritize effectively and efficiently
• Strong organizational skills and ability to handle confidential material
• Highly effective interpersonal, oral, and written communication skills
• Ability to work well in a team environment or individually
• Understanding of mortgage terminology, risk, and compliance
• Ability to work well in a high pressure, fast paced environment
• Skill in identifying issues and creating resolutions quickly
• Ability to research extensively
• Strong problem solving and analysis skills
• Excellent computer skills
• Client-focused mindset

Work Environment

This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines. Ability to sit for long periods of time is essential.

Position Type and Expected Hours of Work

This is a full-time in-office position. Days of work are Monday through Friday.

Education and Experience

• Proficient with PC and related software such as Excel and Word
• 2+ years of related experience in the foreclosure industry
• Familiar with standard concepts, practices, and procedures for foreclosure processing to ensure that BSI always complies
• Knowledge of handling foreclosures from date of default through foreclosure sale
• Knowledge of HUD First Legal Deadline calculation and extension process

Benefits

• Competitive compensation and full benefits package including medical, dental, and vision
• 100% company-paid life insurance and disability coverage
• 401K with company matching
• 17 days PTO (increases with tenure) and 9 company-paid holidays
• Professional but fun, casual work environment and great team culture

About BSI Financial

Founded in 1986, we provide financial services that support our vision of enabling sustainable home ownership by practicing core values that embody doing what is right; emphasizing problem solving; delivering on expectations and winning with humility. Our clients include lenders and investors who make home financing possible. BSI Financial was ranked multiple times in the SMU Dallas 100 list of the fastest growing companies in North Texas and was twice named to the Inc. 5000 list of the fastest growing U.S. companies.