Senior Litigation Specialist
full-time•Plano
About this role
Position Summary:
Responsible for providing expert insight and analysis into the administration of foreclosure, origination, and servicing processes in a high loan volume nationwide environment to our attorney network. Handles many projects simultaneously and assists in the management and analysis of legal cases to support those operations. Oversees the day-to-day key workflow processes essential to meeting timeline performance in relation to all foreclosure actions. Ensures compliance and adherence to all Agency, Investor and Mortgage Insurer guidelines.
Responsibilities:
- Utilizes thorough knowledge of all the company’s servicing practices including, but not limited to, collections practices, loss mitigation, bankruptcy and foreclosure.
- Serves as subject matter expert to represent loanDepot in cases requiring a Corporate Representative including, but not limited to, foreclosure cases and for loanDepot’s internal legal department.
- Specializes in the management of a portfolio of foreclosure cases including, but not limited to, contested foreclosures, title claims, title resolution, probate or condemned properties.
- Partners with the loanDepot Foreclosure counsel to determine a resolution that is in the best interest of the company, investor, and customer, while remaining compliant with investor guidelines.
- Participates in hearings, including but not limited to, teleconferences, Zoom hearings, in-person hearings as well as preparation meetings with loanDepot counsel to provide expert analysis into the company’s servicing and origination processes.
- Maintains and attends a schedule of hearings, court appearances and conferences based on case requirements.
- Monitors changes in statutory, regulatory, investor and insurer guidelines and requirements.
- Monitors foreclosure matters and responds to vendor intercoms to complete foreclosures timely.
- Maintains communication with all business units, most notably: Loss Mitigation, Default Services, General Counsel, attorneys and provide feedback to root cause errors that caused any litigation against loanDepot.
- Reviews items that must be escalated to legal and proper departments in a timely manner.
- Monitors monthly, weekly and daily exception reports to ensure accuracy of production.
- Strives to achieve the highest net recovery possible by minimizing the expense of management, ensuring effective timeline management.
- Performs other duties and projects assigned.
Requirements:
- Bachelor’s Degree preferred, and a minimum of five (5) + years of related work experience.
- Minimum of five (5) + years of experience in the Mortgage Servicing industry preferred.
- Minimum of two (2) + years’ experience and shown proficiency in Black Knight Financial Services (MSP/BKFS) and LoanSphere servicing systems preferred.
- Extensive experience in origination and servicing, specifically in the Foreclosure process.
- Travel 50% of time is required.
- Knowledge of audit and oversight protocol.
- Knowledge of 1st lien, 2nd lien and HELOC Foreclosure process to assist vendors with proper instructions to minimize loss.
- Knowledgeable in Federal and State regulations related to Mortgage Servicing.
- Knowledgeable in investor and insurer guidelines related to FNMA, FHLMC, GNMA, VA, FHA and USDA.
- Demonstrates a general working knowledge of all aspects of loan administration and loan servicing.
- Must be able to work a hybrid schedule of 2 days a week in our Plano, TX office
Why work for #teamloanDepot:
- Aggressive compensation package based on experience and skill set.
- Inclusive, diverse, and collaborative culture where people from all backgrounds can thrive.
- Work with other passionate, purposeful, and customer-centric people.
- Extensive internal growth and professional development opportunities including tuition reimbursement.
- Comprehensive benefits package including Medical/Dental/Vision.
- Wellness program to support both mental and physical health.
- Generous paid time off for both exempt and non-exempt positions.
About loanDepot:
loanDepot (NYSE: LDI) is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010, loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier, faster, and less stressful to purchase or refinance a home. Today, loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. With headquarters in Southern California and offices nationwide, loanDepot is committed to serving the communities in which its team lives and works through a variety of local, regional, and national philanthropic efforts.
We are an equal opportunity employer and value diversity in our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
What you'll do
- The Senior Litigation Specialist is responsible for providing expert insight into foreclosure, origination, and servicing processes while managing a portfolio of legal cases. They oversee key workflow processes to ensure compliance with guidelines and assist in resolving legal matters.
About loanDepot
loanDepot (NYSE: LDI) is a digital commerce company committed to serving its customers through the homeownership journey.
Since its launch in 2010, loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier, faster and less stressful to purchase or refinance a home.
Today, as one of the nation’s largest non-bank retail mortgage lenders, loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life’s most complex transactions.
With headquarters in Southern California and offices nationwide, loanDepot is committed to serving the communities in which its team lives and works though a variety of local, regional and national philanthropic efforts.
loanDepot is an approved seller and servicer for Fannie Mae, Freddie Mac and Ginnie Mae. loanDepot, LLC, NMLS #174457 (http://nmlsconsumeraccess.org). Equal Housing Opportunity. Learn more at loandepot.com.
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Frequently Asked Questions
What does a Senior Litigation Specialist do at loanDepot?
As a Senior Litigation Specialist at loanDepot, you will: the Senior Litigation Specialist is responsible for providing expert insight into foreclosure, origination, and servicing processes while managing a portfolio of legal cases. They oversee key workflow processes to ensure compliance with guidelines and assist in resolving legal matters..
Is the Senior Litigation Specialist position at loanDepot remote?
The Senior Litigation Specialist position at loanDepot is based in Plano, Texas, United States. Contact the company through Clera for specific work arrangement details.
How do I apply for the Senior Litigation Specialist position at loanDepot?
You can apply for the Senior Litigation Specialist position at loanDepotdirectly through Clera. Click the "Apply Now" button above to start your application. Clera's AI-powered platform will help match your profile with this opportunity and guide you through the application process.