Default Loan Servicing Specialist - Foreclosure

First American
: $20.72 - $34.53 Hourly
sick time, 401(k)
United States, Texas
Sep 28, 2025
Who We AreServiceMac is a new sub-servicing entity backed by some of the leading practitioners of the mortgage servicing industry. ServiceMac is focused on providing superior technology, products, and services for the mortgage and real estate industries backed by highly personalized service and support. Through continuous innovation and acquisition, our offerings comprise of personalized solutions that span the mortgage continuum and enhance security, compliance, customer satisfaction, and profitability. Our inclusive, people-first culture has earned our company numerous accolades, including being named to the Fortune 100 Best Companies to Work For list for nine consecutive years. We have also earned awards as a best place to work for women, diversity and LGBTQ+ employees, and have been included on more than 50 regional best places to work lists. First American will always strive to be a great place to work, for all. What We DoResponsible for managing foreclosure activities. Monitors and completes all activities, with an emphasis on activities leading up to and including the First Legal Action, in foreclosure actions in accordance with statutory compliance, regulatory compliance and company guidelines. Manages foreclosure timelines and workflow processes on files in which a foreclosure action has been initiated. Manages processes in accordance with established work rules, goals and objectives to improve timeline and attorney performance. What You'll Do: Responsible for servicing mortgage accounts to ensure the foreclosure is processed in compliance with all state and federal laws, while maintaining compliance with Investor, Insurer, Agency, and company guidelines. Ensure the First Legal Actions are completed by the established deadlines by managing and removing impediments and requesting First Legal Action extensions as needed. Conduct complete reviews of foreclosure files to ensure all default timeframes and regulatory and statutory compliance guidelines have been met. Manage foreclosure proceedings on assigned cases by interacting and instructing various parties such as mortgagors, attorneys, investors, insurers, trustees, appraisers, and any other party involved with the foreclosure. Monitor attorney performance by reviewing all proceedings, records and timeframes in addition to working all system/ database activities throughout the foreclosure process. Diligently follow up on all outstanding requests and telephone calls from internal and external partners. Audit accounts for expense compliance and ensure proper application to system of record Perform required research on any loan with questionable items such as the application of payments and any other situation that may arise. Review and respond to audit and quality control requests Report all litigated, and class action matters to management. Perform detailed analysis on all aspects of the assigned portfolio including performance, timelines, overall characteristics, and status to ensure compliance of the foreclosure action. Manage exception reporting used as key controls for minimizing risk. Exercise judgment within defined procedures and practices to determine appropriate action Follow department processes and procedures and make recommendations to enhance these processes No formal supervisory responsibility but is resource to less experienced team members. Works under general supervision applying well established techniques, procedures or specific standards. Prioritize allocated work to ensure timely and accurate resolution to both external and internal partners What You'll Bring 3 + years of directly related experience such as Mortgage Foreclosure, Bankruptcy, and/or Legal High School Diploma or equivalent or combination of education and experience Good verbal and written communication skills Strong attention to detail and ability to adhere to strict guidelines and procedures GSE and Government experience preferred MSP and LoanSphere experience preferred Working knowledge of computer software programs to include Windows, Microsoft Word and Excel, Internet and Microsoft Outlook experience preferred Working knowledge of fundamental concepts, practices and procedures of foreclosure Ability to work under pressure and meet deadlines, while maintaining a positive attitude and providing exemplary internal and external customer service Ability to work independently and carry out assignments to completion within parameters of instructions given, prescribed routines, and standard accepted practices Strong interpersonal skills Self-motivated; self-starter Ability to manage multiple tasks and respond quickly to emergent problems Work on problems of moderate scope where analysis of situations or data requires a review of a variety of factors Salary Range: $20.72 - $34.53 Hourly This hiring range is a good faith and reasonable estimate of the salary range of possible compensation at the time of the posting and is subject to change. The actual compensation offered will be determined by various factors, which may include a candidate's education, training, experience, and geographic location. What We OfferBy choice, we don't simply accept individuality - we embrace it, we support it, and we thrive on it! Our People First Culture celebrates diversity, equity and inclusion not simply because it's the right thing to do, but also because it's the key to our success. We are proud to foster an authentic and inclusive workplace For All. You are free and encouraged to bring your entire, unique self to work. First American is an equal opportunity employer in every sense of the term. Based on eligibility, First American offers a comprehensive benefits package including medical, dental, vision, 401k, PTO/paid sick leave and other great benefits like an employee stock purchase plan.