Associate – Foreclosure Operations

Job Summary

We are seeking a highly organized and detail-oriented Associate – Foreclosure Operations to manage and support the end-to-end foreclosure process for mortgage loans. The candidate will be responsible for handling foreclosure activities from referral through sale, redemption, post-sale, and foreclosure completion while ensuring compliance with investor, regulatory, and client requirements.

The ideal candidate should have a strong understanding of mortgage servicing, default management, legal timelines, and foreclosure procedures across judicial and non-judicial states.

Key Responsibilities

Foreclosure Case Management

• Manage the complete foreclosure lifecycle from loan referral through foreclosure sale and post-sale activities.
• Review account eligibility and initiate foreclosure referrals in accordance with investor and client guidelines.
• Monitor bankruptcy, loss mitigation, litigation, and foreclosure holds to ensure compliance with applicable regulations.
• Coordinate with foreclosure attorneys, trustees, title vendors, and third-party service providers.

Compliance & Risk Management

• Ensure adherence to CFPB, FHA, VA, Fannie Mae, Freddie Mac, USDA, and investor foreclosure requirements.
• Identify and escalate compliance risks, legal issues, and process exceptions.
• Maintain accurate servicing system updates and audit-ready documentation.
• Ensure compliance with state-specific foreclosure laws and timelines.

Reporting & Documentation

• Maintain accurate records of foreclosure activity within servicing platforms.
• Prepare foreclosure status reports and inventory tracking reports.
• Support internal and external audits by providing required documentation.
• Document process exceptions and resolution activities.

Stakeholder Management

• Partner with internal departments including:
• • Loss Mitigation
  • Bankruptcy
  • REO
  • Litigation
  • Escrow
  • Customer Service
• Communicate effectively with foreclosure attorneys, trustees, vendors, and clients regarding case status and escalations.

Quality & Continuous Improvement

• Perform quality checks to ensure accuracy and compliance.
• Identify opportunities for process improvements and operational efficiencies.
• Support implementation of regulatory and client-driven process changes.

Required Qualifications

• Bachelor's degree in business administration, Commerce, Finance, Law, or a related discipline.
• 1–4 years of experience in:
• • Foreclosure Operations
  • Mortgage Servicing
  • Default Servicing
  • Bankruptcy Operations
  • Legal Mortgage Processing
• Knowledge of end-to-end foreclosure processes and timelines.
• Understanding of judicial and non-judicial foreclosure states.
• Strong analytical and problem-solving skills.
• Excellent attention to detail and organizational skills.
• Proficiency in Microsoft Office Suite (Excel, Word, Outlook).