Carrington Mortgage Holdings, LLC

  • Foreclosure Specialist, II

    Job Locations US-IN-Westfield
    Job ID
    2019-7634
    Position Category
    Servicing
    Company
    Carrington Mortgage Services, LLC
    Position Type
    Regular
  • Overview

    FOUNDED IN 2003, Carrington has evolved from a mortgage credit asset manager into a vertically-integrated real estate and mortgage company with four business divisions: Asset Management, Mortgage Servicing and Origination, Property Logistics and Management and Real Estate Services. TOGETHER, the Carrington Family of Companies has the ability to direct a range of activities across the life cycle of single family residential assets. Today, Carrington seeks to deliver to investors and consumers a comprehensive set of products and investment opportunities in the single-family residential markets with the ability to execute immediately.

    Responsibilities

    Responsible for monitoring activities of foreclosure vendors relative to the accurate and timely handling of residential mortgage loans in foreclosure in accordance with applicable state foreclosure requirements. Provides assistance and training to on-site staff of foreclosure vendors.

     

    ESSENTIAL DUTIES AND RESPONSIBILITIES:

    • Maintains, reviews, follows-up and ensures the timely and accurate completion of all regular scheduled steps including outstanding /late steps in the foreclosure tracking templates on a daily basis.
    • Communicates with attorney’s/trustees via Lenstar regarding delays and requests for information.
    • Ensures all attorney fees/costs and foreclosure costs charged are within Investor, Fannie Mae, FHA, VA, and PMI allowable fees schedules.
    • Identifies “exception cases”/lien threats on a daily basis including but not limited to tax sales, drug seizures, and contested foreclosures. Notifies the manager and the investor/insurer as required.
    • Notifies the investor the day following the sale of the sale results. 
    • Verifies taxes and insurance maintained and paid timely.
    • Completes monthly, investor/client, PMI, VA, and FHA (SFDMS) reporting.
    • Documents all servicing, action taken, delays, follow-up, and phone conversations in the system notes
    • Compiles, maintains, and inputs all appropriate IRS 1099A/1099C information for each foreclosed loan in the same month that the foreclosure sale is held.
    • Reviews future sales 14 days prior to foreclosure sale to ensure all requirements are met.
    • Monitors third-party sale funds process, provides posting instructions, and properly closes out file.
    • Monitors foreclosure Deeds and escalates any delays in obtaining the Deed that will exceed 30 days.

     

    Qualifications


    EDUCATION AND/OR EXPERIENCE:

    • High School Diploma or equivalent work experience
    • Some college preferred
    • One (1) to two (2) years’ banking/mortgage experience
    • Previous paralegal experience preferred.

    EEO/AAP Employer

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