Job Description

Description

Position at loanDepot

Position Summary: 

Responsible for conducting day to day operations in assigned area of focus in the loan servicing cycle related to foreclosure administration. This role manages the foreclosure process from cradle to grave, overseeing all stages from initiation through completion. Works with vendors to complete foreclosure process, while ensuring compliance with regulatory entities, statutory requirements, investor and insurance guidelines, and vendor adherence to contractual terms.

Responsibilities:

• Monitors and resolves foreclosure matters with vendors to complete foreclosure timely.
• Administers foreclosure notification process.
• Researches and responds to investor and regulatory audit requests.
• Conducts oversight of Outsource Asset Management vendors by using effective measurement of metrics.
• Maintains communication with all business units, most notably: Loss Mitigation, Default Services, General Counsel, attorneys and vendors.
• Monitors changes in statutory, regulatory, investor and insurer guidelines and requirements.
• Provides timely recognition and review of items that must be escalated to legal and proper departments; researches and resolves global and loan level issues.
• Monitors monthly, weekly and daily exception reports to ensure accuracy of production.
• Strives to achieve the highest net recovery possible by minimizing the expense of management, insuring effective timeline management.
• Responds to vendor intercoms.

 Requirements:

• 3+ years’ experience in loan administration and mortgage servicing within Foreclosure departments required.
• Minimum of 1 year experience and shown proficiency in Black Knight Financial Services (MSP/BKFS) and LoanSphere systems highly preferred.
• Expert knowledge working within Federal and State regulations related to mortgage servicing and investor guidelines including FNMA, FHLMC, GNMA, VA, FHA and USDA.
• Proficient knowledge of servicing practices and cash processing, including payments and corporate advances.
• Tech savvy utilizing Microsoft Office applications including, but not limited to: Word, Excel, PowerPoint and Outlook.
• Excellent research skills to ensure proper interpretation and understanding of statutes and guidelines.
• High School Degree or equivalent required; Bachelor’s degree preferred. 
• Hybrid role: requires working at least 2 days per week on site at Plano, TX office.

Why work for #teamloanDepot:

• Competitive compensation based on experience and ability.
• Inclusive, diverse and collaborative culture where people from all backgrounds can thrive.
• Work with other passionate, purposeful and customer-centric people,
• Extensive internal growth and professional development opportunities including tuition reimbursement,
• Comprehensive benefits package including Medical/Dental/Vision,
• Wellness program to support both mental and physical health 

About loanDepot:

loanDepot (NYSE: LDI) is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010, loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier, faster, and less stressful to purchase or refinance a home. Today, loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. With headquarters in Southern California and offices nationwide, loanDepot is committed to serving the communities in which its team lives and works through a variety of local, regional, and national philanthropic efforts.

Base pay is one part of our total compensation package and is determined within a range. This provides the opportunity to progress as you grow and develop within a role. The base pay for this role is between $21.15 and $29.09. Your base pay will depend on multiple individualized factors, including your job-related knowledge/skills, qualifications, experience, and market location. 

We are an equal opportunity employer and value diversity in our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

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