Foreclosure Specialist Jobs in Westchester, 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.
Sr. Associate Loss Mitigation Specialist - #Hybrid
- Chicago, IL (12 miles from Westchester, IL)
- 2 days ago
- Chicago, IL (12 miles from Westchester, IL)
- 2 days ago
In this role, you will be responsible for approving vehicles for repossession and the collection of charged off debt. Provide support for inbound and outbound call operations and responding to...
Remote WorkAssociate Loss Mitigation Specialist - #Hybrid
- Chicago, IL (12 miles from Westchester, IL)
- 2 days ago
- Chicago, IL (12 miles from Westchester, IL)
- 2 days ago
Education: High School Diploma or Equivalent - Minimum Years of Experience: 2 years - Collections, loan servicing or related - Minimum 3 years - Collections, loan servicing or related - Preferred Compensation...
Remote WorkLead Associate Loss Mitigation Specialist (Perm - Hybrid at our Chicago HQ near O'Hare Airport)
- Chicago, IL (12 miles from Westchester, IL)
- 19 days ago
- Chicago, IL (12 miles from Westchester, IL)
- 19 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...
Remote WorkDemographic Data for Westchester, IL
Moving to Westchester, IL? Find some basic demographic data about Westchester, IL below.
Foreclosure Specialist Online Courses and Training Opportunities
Salary for Foreclosure Specialist Jobs in Westchester, IL
Highest Education Level
Foreclosure Specialists in Westchester, IL offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Foreclosure Specialist position
- Mortgage Lending
- Consumer Lending
- Lending
- BSA
- Federal National Morgage Association
- Federal Housing Administration
- Fannie Mae
- Mortgage Processing
- Financial Services
- USDA
- Loan Servicing
- Mortgage Servicing
- Service Standards
- Underwriting
- Financial Statements
- Taxes
- Appraisal
- General Ledger
- File Management
- Loss Prevention
- Resolution
- Real Estate
- Inbound/Outbound Calling
- Strategy Development
- Finance
- Collections
- General Office Duties
- Microsoft Windows
- High School Diploma
- Quality Control
- Negotiation
- Verbal Communication
- Written Communication
- Microsoft Outlook
- Telephone Skills
- Documentation
- Filing
- Regulations
- Reporting
- Policy Development
- Sales
- Multitasking
- Microsoft Office
- Problem Solving
- Microsoft Excel
- Microsoft Word
- Research Skills
- Teamwork
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Communication Skills
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