Foreclosure Specialist

Foreclosure Specialist

Cornerstone Servicing, a division of Cornerstone Capital Bank, is a best-in-class mortgage servicer with a reputation for amazing service, customer satisfaction, employee retention and happiness! We employ people who are passionately committed to Cornerstone's Mission, Vision & Core Convictions.

We honor God by using our talents to make a positive difference in the lives of our Team Members, Clients, Shareholders, Communities, and the People who provide services to us.

Who we are looking for:

The Foreclosure Specialist will monitor, and complete certain operational activities related to the foreclosure action in accordance with statutory compliance, regulatory compliance, and company guidelines. This position is responsible for managing foreclosure operational workflow processes. These files should be managed in accordance with established work rules, goals & objectives to improve timeline and attorney performance. The candidate will be expected to establish/maintain a culture of team collaboration, accountability, operational excellence, and unwavering commitment to customer service and satisfaction.

• Location: Onsite daily, Monday - Friday
• Compensation: $50-60k

Key Responsibilities:

• Service mortgage accounts to ensure the foreclosure is processed in compliance with all state and federal laws, while maintaining compliance with Investor, Insurer, Agency, and Company guidelines. This includes the following:
• Monitors delinquent files and ensures applicable files are breached by the required milestone(s)
• Monitors delinquent files and ensures the foreclosure referral review is completed by the required milestone(s)
• Monitors pre-foreclosure review timelines on assigned cases by interacting and instructing various parties such as mortgagors, attorneys, investors, and any other party involved with the pre-foreclosure
• Ensure all eligible delinquent loans are referred to foreclosure, preparing the foreclosure recommendation package by the required milestone(s)
• Coordinates delivery and receipt of any copies or original documents needed by counsel
• Prepare financial figures as needed by counsel. This includes but it not limited to judgment figures, foreclosure bids, reinstatement quotes, and pay off quotes.
• Prepares a pre-sale checklist to ensure the upcoming sale has been scheduled in compliance with guidelines
• Manages reports geared to drive workflow
• Manages exception reporting used as key controls for minimizing risk
• Follow departmental and business policies with strict adherence
• Prioritize allocated work to ensure timely and accurate resolution to both external and internal partners
• Perform related duties as assigned by manager

What you'll need to be successful:

• High School Diploma/GED or equivalent work experience
• Minimum 2+ Years Mortgage Servicing Experience Preferred
• Minimum 2+ Years Foreclosure Experience Preferred
• GSE and Government Experience Preferred
• LPS Desktop Solution Experience Preferred
• Knowledge of basic computer software programs to include Windows, Microsoft Word and Excel, Internet and Microsoft Outlook.
• Requires an extreme attention to detail and ability to adhere to strict guidelines and procedures.
• Must be able to work under pressure and meet deadlines, while maintaining a positive attitude and providing exemplary internal and external customer service.
• Ability to work independently and to carry out assignments to completion within parameters of instructions given, prescribed routines, and standard accepted practices.
• Excellent oral communication skills.

What we offer:

Because we recognize and reward hard work, we offer a competitive salary, Medical, Dental, Vision, Accidental Death, Long-Term Disability, Short-Term Disability, FSA, HSA, 401K, Basic Life, Voluntary Life, and Paid Parental Leave benefits, as well as the opportunity for a performance based bonus based on position and department.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.