Business is Booming! Planet Home Lending, LLC, is a privately held, full-service, national mortgage lender and servicer company. Planet is FNMA and FHLMC approved and sells through the Retail and Correspondent Channels, offering FHA, VA, Conventional, USDA and many other products. Planet Home Lending continues to reach month over month sales and servicing increases! Come join us!
The Bankruptcy/Foreclosure Specialist is responsible for evaluating loans to determine if foreclosure is best course for Planet Home Lending and its investors. This position will refer loans to approved attorneys and monitor to ensure foreclosure and bankruptcy activity meets timelines established by Planet Home Lending or its investors. Maintain state and regulatory compliance. As well as assist attorney in responding to any defensive or litigated matter.
RESPONSIBILITIES:
- Evaluates loans to determine if foreclosure is the best course of action for Planet Home Lending and its investors. Ensures pre-foreclosure requirements have been satisfied.
- Refer accounts to approved Planet Home Lending attorneys to initiate and foreclose within established foreclosure timelines through conveyance.
- Monitor attorney progress during the foreclosure process, instruct attorney on activities to complete actions, facilitating timely doc execution, and invoice processing.
- Maintain foreclosure workstation tracking and coding, timely reporting of foreclosure milestones, and obtaining approvals as needed from the investors or agencies.
- Uphold state and regulatory compliance prohibiting dual tracking, other foreclosure holds, and responding to complaints.
- Knowledge investor requirements to ensure the foreclosure actions are in full compliance with requirements.
- Utilize Planet Home Lending’ approved attorneys to defend, resolve and/or settle any counterclaims/defenses made by the mortgagors or third parties.
REQUIREMENTS:
- High School Education
- Some College preferred
- Minimum of 2 years Foreclosure and/or Paralegal experience.
- Default Servicing experience a plus
- Knowledge of various bankruptcy filings/consumer protections.
- Knowledge of Bankruptcy Document execution/ motions and pleadings/trustee ledger reconciliations.
- Knowledge of mortgage banking practices and procedures including familiarity with FHMLC, FNMA, VA, USDA, FHA and GNMA guidelines, timeframes.
- Working knowledge of Default Servicing procedures
- Effective verbal and written communication skills
- Strong mathematical skills
- Strong attention to detail
- Ability to multi-task and manage time effectively
- Must be flexible, organized and have the ability to manage multiple priorities and meet strict deadlines in a fast-paced work environment
- Ability to problem-solve effectively
- High proficiency in Microsoft Office products including Excel, Word, Outlook. MSP and LoanSphere servicing system experience
Benefits:
Our benefits package includes 3 comprehensive Cigna or Kaiser medical plans, dental, and vision insurance. We provide short term and long-term disability insurance, basic life insurance, 401(k), and 10 employer paid holidays. In addition, we offer supplemental benefits to include life insurance, critical illness and accident plans.
