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Georgia United Credit Union · 18 hours ago

Foreclosure Specialist

Duluth, GA

Full-time

Hybrid

New Grad, Entry Level

$23.50/hr - $23.50/hr

Georgia United Credit Union is a financial institution committed to providing equal employment opportunities. They are seeking a Foreclosure Specialist to review delinquent mortgage accounts, manage foreclosure processes, and ensure compliance with applicable laws and regulations.

BankingCreditFinancial Services

Responsibilities

Review delinquent mortgage and home equity accounts for foreclosure eligibility

Monitor and track delinquent mortgage loans greater that 90 days delinquent and provide ongoing status updates to leadership operations

Manage queue of 45+ Internal delinquent Helocs which consists of making outbound calls to members with delinquent Helocs

Assist with mailing Hud/Scra letters to members

Assist with outbound/inbound calls, process payments, make payment arrangements

Coordinate with attorneys and sub servicers to initiate and monitor foreclosure proceedings

Ensure all foreclosure actions comply with applicable laws, regulations, and the terms of the Security Deed

Prepare foreclosure recommendation packages including approval requests, legal notices, and sale authorizations to leadership

Maintain accurate records of foreclosure status, borrower communications, and legal filings

Serve as the primary contact for internal and external counsel on foreclosure-related matters

Support the REO (Real Estate Owned) process by facilitating property evaluations, coordinating with realtor and attorneys to manage the eviction process & post eviction process which includes property maintenance, review & evaluate offers

Coordinate eviction proceedings when necessary, including dispossessory actions and sheriff involvement

Monitor bankruptcy filings and collaborate with bk legal specialist and external attorney to determine foreclosure feasibility

Review of hardships/Loan modifications, shorts sales for sub-servicers

Coordinate with accounting regarding any new Real Estate owned property bought back by the credit union

Ensure proper tracking of 1099-A form

Evaluate property equity and market value using multiple valuation sources (e.g., Zillow, Redfin, Homegenius) to support foreclosure decisions

Work closely with collectors, recovery specialists, and lending operations to minimize losses and ensure cohesive handling of delinquent accounts

Meet regularly with attorney/ sub servicers to obtain status updates

Other duties as assigned

Qualification

Foreclosure processingMortgage account managementLegal complianceProperty valuationCommunication skillsTeam collaboration

Required