Processor

Job Title: Processor

Duration: 3 Months

Work Mode: Irving, TX 75063 (100% On-site)

Hours: 8 AM - 5 PM

Duties:

• The Foreclosure Default Specialist is responsible for managing foreclosure-related default activities for residential and mortgage loans in compliance with investor, insurer, client, state, federal, and company requirements.
• This role serves as a key liaison between mortgage servicers, foreclosure attorneys, trustees, title teams, vendors, and internal stakeholders to ensure accurate, timely, and compliant processing of foreclosure actions and default servicing activities.

Key Responsibilities:

• Foreclosure Case Management
• Manage an assigned pipeline of foreclosure/default loans from referral through sale, reinstatement, dismissal, or claim resolution.
• Monitor foreclosure timelines, milestone dates, attorney actions, bankruptcy holds, and state-specific requirements.
• Review and validate foreclosure referrals for completeness, accuracy, and compliance.
• Coordinate with foreclosure counsel, trustees, title companies, and servicing departments to resolve issues impacting foreclosure progression.
• Ensure timely completion of foreclosure-related tasks, document execution, and status updates.
• Compliance & Regulatory Oversight
• Maintain compliance with CFPB, FHA, VA, USDA, FNMA, FHLMC, state foreclosure statutes, investor guidelines, and company servicing standards.
• Review foreclosure actions for adherence to loss mitigation timelines, dual-tracking restrictions, bankruptcy stays, and consumer protection requirements.
• Escalate compliance risks, litigation concerns, and title defects as necessary.
• Support audit requests, quality control reviews, and regulatory examinations.
• Title & Lien Coordination
• Review title reports, lien positions, legal descriptions, and foreclosure-related documentation for accuracy.
• Identify title defects, judgment liens, tax issues, probate concerns, HOA liens, or chain-of-title discrepancies impacting foreclosure processing.
• Coordinate with title operations, curative teams, and foreclosure counsel to resolve title-related issues.
• Assist with curative actions and document corrections when necessary.
• Vendor & Attorney Management
• Communicate regularly with foreclosure attorneys, trustees, process servers, and third-party vendors.
• Monitor attorney performance, fee approvals, timeline adherence, and escalation items.
• Review invoices and vendor billing for accuracy and investor compliance.
• Maintain professional relationships with internal and external business partners.
• Reporting & Documentation
• Maintain accurate servicing notes and system documentation.
• Generate reports related to foreclosure status, aging, delays, and exception tracking.
• Provide updates to management, investors, clients, and internal stakeholders.
• Support process improvement initiatives and operational efficiency efforts.

Minimum Degree Required: Completed High School (Diploma or GED)

Required Skills:

• Foreclosure Case Management
• Mortgage Servicing
• Foreclosure Timelines
• Title And Lien Review
• Bankruptcy Coordination

Additional Skills:

• Loss Mitigation Awareness
• Vendor Management
• Compliance With CFPB, FHA, VA, USDA, FNMA, FHLMC
• State Foreclosure Statutes, Investor Guidelines
• Company Servicing Standards
• Title Defect Resolution Judgment Lien Identification
• Tax Issue Resolution Probate Concern Resolution Hoa Lien Resolution Chain-Of-Title Discrepancy Resolution Attorney Performance Monitoring Fee Approval Timeline Adherence Invoice Review Servicing Notes Maintenance
• Foreclosure Status Reporting
• Process Improvement
• Written Communication, Verbal Communication
• Priority Management
• Time Management