Foreclosure Specialist II
M&T BankFull Time
Junior (1 to 2 years)
Candidates should possess at least 2 years of experience in mortgage servicing, loan post-closing, or default servicing. A Bachelor's degree in business, finance, or a related field is ideal. Experience in reading mortgage and default documents such as mortgages, deeds of trust, foreclosure and bankruptcy documents, trusts, and titles is required. The role also demands relentless attention to detail, the ability to multitask under pressure in a deadline-oriented environment, comfort working independently and in a team, and strong client service skills with professional communication abilities.
The Foreclosure Specialist will serve as the Single Point of Contact for homeowners when an investment enters a defaulted status, managing communication via phone and email. Responsibilities include reviewing weekly property status reports, conducting initial due diligence on default events by ordering property reports and researching relevant databases, and adhering to investor guidelines and Hometap's Option Purchase Agreement. The specialist will also review and upload legal documents, maintain electronic files with accuracy, complete assigned default tasks within set timeframes, comply with all state and federal guidelines, and partner with the Legal team on adverse events.
Provides cash for home equity access
Hometap provides homeowners with a way to access their home equity without selling their property or incurring additional debt. The company offers a lump sum of cash in exchange for a share of the future value of the home, allowing homeowners to unlock up to $600,000 of their equity without monthly payments or interest. Hometap earns revenue by sharing in the appreciation of the home's value when it is sold or when the homeowner repurchases Hometap's share. This approach sets Hometap apart from traditional home equity loans, as it offers a flexible and debt-free solution. The company's goal is to simplify the financial process for homeowners, helping them achieve their financial objectives, such as paying off debt or funding education, while maintaining a high level of customer service.