Lead Foreclosure Specialist

Guild Mortgage Company, closing loans and opening doors since 1960. As a mortgage banking firm, we are dedicated to serving the homeowner/buyer. Our goal is to provide affordable home financing for our customers, utilizing the best terms available while providing a level of professionalism and service unsurpassed in the lending industry.

Position Summary

The Lead Foreclosure Specialist plays a critical role in managing and overseeing the foreclosure process, ensuring strict adherence to regulatory requirements and company policies. This role includes conducting quality reviews of foreclosure procedures, auditing and monitoring case progress, and providing guidance to ensure foreclosure processes are handled efficiently and accurately. The Lead Foreclosure Specialist collaborates closely with Foreclosure Supervisors, Foreclosure Specialists, and Foreclosure Assistants to maintain smooth coordination and communication throughout the foreclosure process. Success in this role requires a deep understanding of foreclosure laws, strong communication skills, meticulous attention to detail, and the ability to manage multiple projects and processes simultaneously. The Lead Foreclosure Specialist works with internal teams, external legal counsel, and borrowers to achieve efficient and lawful resolution of foreclosure cases. Additionally, this role involves updating internal procedures, training staff on new and revised investor, federal, and state regulations, and ensuring the quality control of all foreclosure-related documents.

Essential Functions

• Lead Foreclosure specialist providing guidance, support and training of the foreclosure process from start to finish ensuring that the team meets performance metrics and adhere to company policy and procedures.
• Stay updated on foreclosure laws, regulations, and industry best practices to ensuring that all legal requirements are met, and that timelines are adhered to.
• Acting as liaison between different departments, legal, customer service and loss mitigation to ensure smooth operations. Also, communicate with external parties, foreclosure attorney interpretations and recommendations to apply legal guidelines appropriately throughout the process.
• Conducting audits and review of foreclosure files and documentation to ensure accuracy, completeness, and compliance with legal and regulatory standards. Analyze borrower accounts, loan documents, and relevant financial information to make informed decisions.
• Evaluate and approve foreclosure figures, including judgment amounts, bidding instructions, reinstatement quotes, and payoff calculations.
• Monitor reports to verify files comply with required notification periods and notice of sales are timelines are satisfied.
• Audit documents and deeds to be executed and sign off figures for judicial foreclosures.
• Identify and escalate any operational inefficiencies or compliance issues to management team.
• Assist Foreclosure Supervisor in monitoring key performance indicators (KPIs) and ensure the team meets or exceeds established benchmarks.
• Quality Review of postponements, reinstatement requests and judgments.
• Examine First Time Vacant reports, providing assistance and guidance as needed to ensure compliance with investor and state regulations.
• Review property inspection reports regularly to ensure property maintenance, and repairs to ensure properties meet regulatory and investor standards.
• Audit loan level reconciliations after payoff, reinstatement, or 3rd party sale, and follow up on all files until fees are reconciled and show a zero balance.
• Responsible for informing supervisor of foreclosure timeline delays and title issues.
• Review and respond to HUD Demand Letters, Non-Compliance, and other Notifications.
• Records pertinent information in the loan servicing system and other applicable software to maintain accurate and current records
• Provide guidance, support, and training to junior staff members involved in foreclosure processes. Lead by example and foster a collaborative and productive work environment.
• Be subject matter expert on the processes, policies, procedures and tools related to foreclosure; update job aids and procedures as needed
• Identify opportunities for process optimization, efficiency enhancements, and cost savings in foreclosure operations. Implement changes and improvements to streamline workflows and enhance overall effectiveness.
• Work with business analysts to ensure systems are updated, tested, and audited to reflect modifications to policies and procedures.
• Address and resolving complex issues that arise during the foreclosure process, such as disputes or legal challenges. Also, escalated cases that require hig