Foreclosure Specialist Jobs in South Holland, IL
A Foreclosure Specialist is a key professional in the banking industry who oversees the foreclosure process. They manage and process foreclosure cases, coordinate with legal teams and other involved parties, conduct property appraisals, and communicate with clients to resolve delinquent accounts. Their main goal is to minimize loss for the bank by ensuring all foreclosure procedures are complied with, including legal requirements and internal policies. Foreclosure Specialists may also play a crucial role in loss mitigation, trying to work out agreements between borrowers and the bank to avoid foreclosures.
Essential skills for a Foreclosure Specialist include strong knowledge of foreclosure laws and real estate procedures, high attention to detail, excellent communication, and negotiation abilities. These professionals should be certified in foreclosure or have a related qualification like a degree in Business or Finance. Prior to becoming a Foreclosure Specialist, an individual may have roles such as Loan Processor, Loss Mitigation Specialist, or Real Estate Paralegal, all of which provide relevant experience and knowledge in real estate, law, and financial processes.
Lead Associate Loss Mitigation Specialist (Perm - Hybrid at our Chicago HQ near O'Hare Airport)
- Chicago, IL (21 miles from South Holland, IL)
- 9 days ago
- Chicago, IL (21 miles from South Holland, IL)
- 9 days ago
In this role, you will manage a portfolio of late-stage consumer and real estate accounts to minimize loss and maximize recovery to the credit union. Work directly with members to resolve...
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Salary for Foreclosure Specialist Jobs in South Holland, IL
Highest Education Level
Foreclosure Specialists in South Holland, IL offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Foreclosure Specialist position
- Spanish
- Business Correspondence
- Claims
- Reimbursement
- Mortgage Lending
- Lending
- Federal National Morgage Association
- Federal Housing Administration
- Mortgage Processing
- USDA
- Loan Servicing
- Mortgage Servicing
- Service Standards
- Financial Statements
- Taxes
- Appraisal
- General Ledger
- File Management
- Loss Prevention
- Resolution
- Real Estate
- Inbound/Outbound Calling
- Collections
- General Office Duties
- Analytical Skills
- Microsoft Windows
- High School Diploma
- Negotiation
- Verbal Communication
- Microsoft Outlook
- Telephone Skills
- Documentation
- Interpersonal Skills
- Filing
- Microsoft PowerPoint
- Regulations
- Reporting
- Policy Development
- Sales
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Microsoft Word
- Research Skills
- Teamwork
- Organization
- Customer Service
- Computer Skills
- Communication Skills
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