A foreclosure specialist makes sure that foreclosures are carried out correctly and efficiently. They work with the account services and legal departments, as well as process documents from home owners, courts, lawyers, and other involved parties. Basic computer skills are important, as maintaining a database to track the foreclosure process for all accounts is needed in this position. If new accounts are acquired, the foreclosure specialist needs to enter their information; when an account makes progress in the foreclosure process, the specialist is responsible for logging updates. When documents are missing, the foreclosure specialist may be responsible for obtaining them, and they may make phone calls to make collections.
Foreclosure Specialist Tasks
Enter data, identify gaps, and seek title or other information to complete files.
Perform calculations and estimates for internal, legal, governmental, client and other audiences.
Update and maintain documentation and status of ongoing foreclosures.
Write and send notices, correspondence and updates to clients, banks, lawyers, and the government.