What are the responsibilities and job description for the Foreclosure Specialist II position at Cenlar FSB?
Foreclosure Specialist II
Job Category
Mortgage Servicing/Operations
Employment Duration
Regular (Full-Time)
Job Location(s)
Ewing, NJ, Yardley, PA
Foreclosure Specialist II
Cenlar is the nation’s leading mortgage loan subservicer. Our unique culture is defined by our core values of respect, trust, integrity and care. A promote-from-within philosophy, and opportunities for continuous professional growth make Cenlar a great place to launch or boost your career.
Location Requirement: Yardley, PA, or Ewing, NJ (Cenlar Offices) Please note that this position is based at our Yardley, PA or Ewing, NJ Cenlar locations. The role requires on-site presence for 4 days per week. When applying, kindly ensure that you are local to this site and/or able to commute reliably.
The Foreclosure Specialists are responsible for managing a pipeline of loans in various states from foreclosure referral to sale. These positions may perform various state specific or functionalized processes to achieve a complete foreclosure and could include high level research, analysis of risk, and effective business decisions.
Responsibilities:
Accurately updates systems, such as Director (fka Black Knight MSP), LoanSphere FC (fka LPS Desktop PM) to insure controls are met and procedures are followed
Manages a pipeline of loans driving foreclosures from referral to sale on a timely basis
Reviews daily management reports to ensure compliance with foreclosure timeframes and departmental procedures
Assists with implementation of department policies and procedures
Assists with or deals directly with complex or problem files or accounts requiring special handling
Attends Court hearings as needed
Completes other duties and projects as assigned by management
Appropriately assess risk when business decisions are made, include but not limited to compliance and operational risk. Demonstrate consideration for Cenlar’s reputation as well as our clients, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards
Interface:
External – All clients, investors, insurers, attorneys and vendors
Internal - All Cenlar employees, Management, Customer Service Department, Cash Management Department, Other Default Departments such as Loss Mitigation, Litigation, and Default Compliance
Qualifications:
High school diploma or GED required
3 to 5 years of foreclosure experience
Excellent communication skills; oral and written
Thorough knowledge of FHA/VA; PMI, FNMA/FHLMC servicing guidelines and requirements
Knowledge of Black Knight systems LoanSphere FC (fka LPS Desktop PM) and Director (fka MSP)
Familiar with foreclosure laws in a multi-state portfolio
Detail oriented, ability to successfully manage multiple priorities, and possess the ability to meet deadlines
Strong analytical skills
Able to work in fast paced environment
Working knowledge with PC word processing, spreadsheets and software applications
Total Rewards:
At Cenlar, you’ll receive an outstanding benefits package that includes paid medical, dental, and life insurance, 401(k), and tuition assistance as well as opportunities for training and professional advancement.
Cenlar is a drug-free workplace and an equal employment opportunity/affirmative action employer M/F/D/V/SO.
Pay Range Details
$45,283.00 - $69,283.00 Annually
The actual compensation offered will depend on factors including but not limited to the candidate's experience, qualifications, skills, and location. This range represents the reasonable minimum and maximum salary the company expects to pay for this position.
Salary : $45,283 - $69,283