Associate, Delinquency Management (Foreclosure Specialist)

Job description

The Foreclosure Specialist is responsible for the completion of routine foreclosures, primarily for mortgage but can also include related foreclosure tasks for: unsecured loans, auto loans, credit cards, and line of credits. The Associate must ensure compliance with all state laws and investors, insurers, and company timeframes. Position will be working hybrid and based in Bayamon, PR. MAIN DUTIES & RESPONSIBILITIES: - ​Service mortgage loans referred to foreclosure in compliance with CFPB regulations, investor guidelines, and Bank policies. - Request collateral from Custody and send required documentation to law firms to initiate foreclosure or collections. - Prepare payoff balances and debt certifications for Foreclosure and Bankruptcy cases, including legal costs and escrow shortages. - Coordinate with Loss Mitigation to suspend, resume, or update foreclosure actions and properly code and document accounts. - Monitor foreclosure case activity and follow up with law firms to ensure timely progress and regulatory compliance. - Review loans assigned to attorneys to confirm foreclosure actions are completed within required timelines. - Analyze and manage assigned cases from legal co...