Foreclosure Specialist

Position: Foreclosure Specialist 

Department: Default – Servicing   

Reports To: Property Preservation Supervisor 

Location: 7450 Campus Drive, Suite 200, Colorado Springs, CO 80920  

Remote: ​☐​  YES or ​☒​  NO 

Exempt: ​☐​  Non-exempt: ​☒​ 

Compensation & Benefits: $22.00 to $25.00 hourly

Mortgage Solutions of Colorado, LLC d/b/a Mortgage Solutions Financial (“MSF”) offers a comprehensive benefit package and PTO (paid time off) for eligible employees. The benefit package includes Health, Dental and Vision Insurance, options to participate in a Health Savings Account, Flexible Spending Account, Life and AD&D coverage, voluntary Supplemental Life, voluntary Short-Term, Long-Term Disability and Supplemental insurance. In addition, eligible employees have the option to participate in a company retirement plan.  

About MSF 

MSF is a national mortgage lender based in Colorado Springs. MSF strongly believes every client should be served with integrity, dignity, and respect. Without compromise, MSF is committed to providing loans that are in the best interest of our clients, not our bottom line. We will continue to educate the community by empowering our clients to make responsible and informed fiscal decisions that result in greater financial peace of mind. 

Role Overview 

We are seeking a dedicated and knowledgeable Foreclosure Specialist to join our team. The Foreclosure Specialist will be responsible for managing the end-to-end foreclosure process, from initiation to completion, ensuring compliance with legal requirements and company policies. This role involves coordinating activities with internal teams, legal professionals, and external vendors to facilitate the efficient and lawful completion of foreclosure proceedings. 

Essential Duties:  

• Oversees the foreclosure process for assigned residential real estate loans with the goal of minimizing loss and risk to the organization.
• Responds to inquiries  and concerns regarding the foreclosure process, maintains records of notices or filings, calculates reinstatement or payoff figures, and updates loan account information with modified balance information.
• Gathers loan or account information to be used in court proceedings or shared with attorneys, agencies, or other lien holders. Ensures compliance with all applicable regulations and guidelines, including HUD servicing guidelines.

• Prepare and review legal documents related to foreclosure, ensuring accuracy and completeness. 
• Coordinate with legal professionals to address any legal challenges that may arise during the foreclosure process. 

• Communicate with legal representatives and internal teams to provide updates on the status of foreclosure proceedings. 

• Collaborate with property preservation teams, title specialists, and other relevant departments to streamline processes and resolve issues efficiently. 
• Work closely with external vendors to facilitate property inspections, appraisals, and other foreclosure-related activities. 

• Monitor and manage timelines for foreclosure activities to ensure timely and efficient completion. 
• Implement strategies to expedite the foreclosure process when necessary. 

• Implement quality control measures to ensure accuracy and compliance in all foreclosure-related documentation. 
• Conduct audits to verify the completeness and correctness of foreclosure files. 
• Regular, reliable and predictable onsite attendance is an essential function of this role.
• Other duties as assigned.

Knowledge Skills & Abilities

• Strong knowledge of foreclosure laws, regulations, and procedures.  
• Ability to provide excellent organizational, time-management and problem solving.
• Persuasive communication and negotiation skills. 
• Ability to work in a fast-paced and dynamic environment with persistence. 

Experience & Education

• High school diploma or equivalent.
• 1-3 years prior experience in foreclosure management within the mortgage industry. 

Physical Requirements  

• Stationary position; prolonged periods at a desk and working on the computer. 
• Occasional movement about inside the office to walk to offices and office machinery.  
• Occasional lifting up to 10 pounds, must be able to push, pull, pull up, bend at the knees and waist, twist body at the waist, raise and hold arms overhead, turn head-neck-shoulders as needed, grasp and hold tools and other items with hands, for either extended periods of time or many times throughout the workday. 

MSF is an equal opportunity employer. All candidates for employment are considered equally, and no distinction is made based on race, color, national origin, age, religion, disability, sex, sexual orientation, gender identity, gender expression, marital status, genetic information, or veteran status.  MSF is also committed to providing qualified applicants and employees reasonable accommodation, when necessary, to enable the individuals to complete the application process and/or perform the essential functions of the job. An applicant and/or employee requiring reasonable accommodation to perform any essential job function should contact Human Resources. 

Salary : $22 - $25