Default Loan Servicing Specialist (Remote) at First American

Michigan City, Mississippi, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Mortgage Servicing, Financial Services, Real EstateIndustries

Requirements

The candidate must have a strong understanding of mortgage servicing, foreclosure activities, and compliance with state and federal laws, investor guidelines, and company policies. Experience in managing foreclosure timelines, workflow processes, and attorney performance is necessary. The role requires the ability to conduct thorough file reviews, manage interactions with various parties involved in foreclosure, and perform detailed portfolio analysis. Proficiency in using relevant systems and databases, along with good verbal and written communication skills, is expected.

Responsibilities

The Default Loan Servicing Specialist is responsible for managing foreclosure activities from initiation to completion, ensuring compliance with all legal and regulatory requirements. This includes monitoring and completing tasks leading up to the First Legal Action, managing foreclosure timelines, and improving attorney performance. The specialist will interact with mortgagors, attorneys, investors, and other stakeholders, conduct file reviews, audit expenses, perform loan research, respond to audit requests, report litigated matters, and analyze portfolio performance to minimize risk. They will also provide support to less experienced team members and prioritize work to ensure timely and accurate resolutions.

Skills

Foreclosure Management

Mortgage Servicing

Statutory Compliance

Regulatory Compliance

Workflow Management

Default Management

Investor Guidelines

Insurer Guidelines

Agency Guidelines

Legal Action Management

First American

Provides title insurance and real estate services

About First American

First American provides title insurance, specialty insurance, and various real estate-related services. Their title insurance protects homebuyers and property owners from potential ownership disputes and financial losses related to real estate transactions. The company offers a platform called myFirstAm®, which allows users to access property information, manage orders, and streamline the closing process from any device. Unlike many competitors, First American has a vast database of property data, with over 5.5 billion document images, making it a leading provider of real estate data solutions. The company's goal is to facilitate smooth real estate transactions while ensuring that clients' investments are protected.

Santa Ana, CaliforniaHeadquarters

1889Year Founded

$800.2MTotal Funding

VENTURE_UNKNOWNCompany Stage

Financial Services, Real EstateIndustries

10,001+Employees

Benefits

401k matching

Health, vision, dental insurance

Professional development

Risks

Data breach allegations could harm First American's reputation and lead to legal issues.

Integration of Mother Lode may face challenges and financial risks.

Dependence on digital transformation poses risks if technology advances rapidly.

Differentiation

First American offers comprehensive title insurance and settlement services nationwide.

The company provides a vast database of over 5.5 billion document images.

First American's digital platform, myFirstAm®, enhances real estate transaction efficiency.

Upsides

Acquisition of Mother Lode expands First American's market share in California.

Docutech purchase boosts First American's digital mortgage revenue by 38%.

Growing fintech trends align with First American's digital transformation strategy.

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