- Document management: Prepare, organize, and file all necessary legal documents for the foreclosure process, including verifying signatures and calculating payoff figures.
- Legal compliance: Ensure all actions strictly adhere to federal, state, and local laws and regulations.
- Communication: Act as a liaison between the lender, borrower, attorneys, and other relevant parties, handling inquiries and coordinating next steps.
- Timeline management: Track and monitor foreclosure activities, manage deadlines, and update portfolios.
- Risk mitigation: Analyze portfolios to develop strategies that minimize losses for the lender.
- Review documents such as liens, appraisals, and insurance policies.
- Negotiate with borrowers to explore options to avoid foreclosure, like loan modifications.
- Prepare and submit documents to the court.
- Coordinate with teams and implement tasks as advised by a team leader.