Senior Foreclosure Specialist

About the role

Rocket Mortgage® was founded in 1985. Today, we're a Detroit-based, publicly traded company with a mission to Help Everyone Home. At Rocket Mortgage, we believe that home is more than the house you live in. Our wide variety of home loan options, tools and resources empower our clients to achieve their homeownership dreams. We're known as experts in the mortgage industry, but we're also innovators - we strive to create the best experiences for our clients from beginning to end. And we're not your typical employer. We're insistently different in how we look at the world and are committed to an inclusive workplace where every voice is heard. Apply today to join a team that offers career growth, amazing benefits and the chance to work with leading industry professionals. This job description is an outline of the primary responsibilities of this position and may be modified at the discretion of the company at any time. Decisions related to employment are not based on race, color, religion, national origin, sex, physical or mental disability, sexual orientation, gender identity or expression, age, military or veteran status or any other characteristic protected by state or federal law. The company provides reasonable accommodations to qualified individuals with disabilities in accordance with applicable state and federal laws. Applicants requiring reasonable accommodations in completing the application and/or participating in the application process should contact a member of the Human Resources team, at Careers@Rocket.com . The compensation information below is provided in compliance with all applicable job posting disclosure requirements. The compensation for this position is $70,000-$135,000.00 . The position may also be eligible for an annual bonus, incentives, and other

Responsibilities

• Work with law firms and title companies to gather/produce documents needed
• Access various systems to obtain necessary documentation - including ICE/Desktop, Filenet, and other proprietary reports
• Communicate clearly with all parties on updates and necessary items
• Provide support and guidance to all clients, attorneys and team members while working through loan level details to support functions such as document creation, research, bidding, and issue resolution
• Manage work queues for foreclosure by following all associated rules and working with a sense of urgency
• Assists with escalated items to drive toward resolution
• Provide support and guidance to all clients, attorneys and team members while working through loan level details
• Manage work queues for foreclosure by following all associated rules and complying with investor guidelines
• Consistently meet minimum production goal numbers and quality metrics
• Find potential solutions to escalated loans using available resources
• Identify patterns and trends for areas of opportunity on the team

Requirements

• Established network of industry relationships, including mortgage servicers, attorneys, title companies, compliance providers, and other third-party vendors.
• Strong understanding of mortgage servicing, loan resolution strategies, investor guidelines, and default management practices.
• Knowledge of financial markets, credit and risk management principles, and the impact of market, liquidity, leverage, and operational risks on portfolio performance.
• Advanced proficiency in Microsoft Excel, including the ability to analyze large datasets and support portfolio-level decision making.
• Demonstrated experience in loan retention and non-retention strategies, including modifications, repayment plans, forbearance agreements, short sales, deeds-in-lieu of foreclosure, foreclosure management, bankruptcy proceedings, litigation oversight, and regulatory compliance.
• Thorough understanding of federal and state mortgage servicing regulations, including CFPB requirements and industry best practices.
• 5 years of Mortgage Servicing/Default of direct experience including one or more of the following portfolio types: FNMA, Conventional, FHA, VA and/or Non-Conventional
• Experience using mortgage servicing software
• What you'll get

Benefits

Additional Information

Senior Foreclosure Timeline Specialist: Job Summary Senior Foreclosure Timeline Specialists manage the advanced default pipeline that is in, near, or avoiding foreclosure. The Senior Foreclosure Timeline Specialist works in a team of other Specialists and support staff to complete tasks as needed to resolve impediments and escalate issues for resolution on active foreclosure loans.

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