How to Become a Foreclosure Specialist
Step 1: Understand the job description and responsibilities of a Foreclosure Specialist
What does a Foreclosure Specialist do?
A Foreclosure Specialist maintains current foreclosure status of assigned accounts. Processes foreclosure cases accurately and timely. Being a Foreclosure Specialist calculates and prepares reinstatement, payoff figures and other debt information to attorneys. Requires a high school diploma or equivalent. Additionally, Foreclosure Specialist typically reports to a supervisor. The Foreclosure Specialist works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Foreclosure Specialist typically requires 1-3 years of related experience.
A foreclosure specialist facilitates the process by which homes and commercial properties are reclaimed by banks and other lending institutions due to non-payment of mortgages.
If the foreclosure must proceed, the specialist often continues to help the homeowner in getting through the upcoming processes with minimal anxiety.
Foreclosure specialists help owners through the foreclosure process.
Foreclosure specialists help homeowners faced with having their house reclaimed by banks or other lending institutions due to non-payment of their mortgage.
A foreclosure specialist can determine if the owner is eligible for a restructured loan to save the property.
Step 2: Learn best tips to become a Foreclosure Specialist
Best tips for those who want to become a Foreclosure Specialist
Here are some tips to become a Foreclosure Specialist.
Step 3: View best colleges and universities for Foreclosure Specialist
Best colleges and universities for Foreclosure Specialist
- Florida Southern College
- Colby College
- Dartmouth College
- University of Notre Dame
- Western Washington University
- Canisius College
Step 4: Think about whether is it worth to be a Foreclosure Specialist
Is being a Foreclosure Specialist Worth it?
The bottom line is that Atlanta foreclosures have always been around, they always will be around, but the bottom has hit and there is still a limited window of opportunity left to capitalize on one of history’s BEST buying opportunities.
The AMS solution provides default agent training including the Pre-Foreclosure Specialist Certification (PSC), custom investor and servicer education modules, short sale lead distribution management, a brand-neutral and multicultural agent database.
Will work on reviewing foreclosure invoices, ensuring approval on foreclosure invoices, documenting invoices by category, and reviewing invoices paid on loans.
To find out more about or apply to this Foreclosure Specialist job—and other great opportunities like it—become a FlexJobs member today.
Work with foreclosure attorney, outside counsel and/or in house counsel to resolve disputes involving property in which the bank or its investors have an interest.
Step 5: Prepare relevant skills for being a Foreclosure Specialist
What skills do you need to be a Foreclosure Specialist?
Every role has basic skill requirements for success, from supporting level roles to management roles. These skills will be utilized daily within this role: Legal Document Review, Account Review, Foreclosure Regulatory Compliance, Foreclosure Operations. When applying for this job, it is important to consider these skills, as well as any others you feel would be necessary to succeed.
A foreclosure specialist can determine if the owner is eligible for a restructured loan to save the property.
Foreclosure specialists should have experience in foreclosure, bankruptcy and mortgage servicing.
They should have knowledge of banking industry rules and regulations, and government regulations regarding foreclosures.
Foreclosure specialist jobs involve dealing with many cases, so the ability to multitask and follow mortgage-servicing guidelines accurately is imperative.
Working knowledge of regulatory requirements regarding foreclosures, bankruptcies and evictions.
Step 6: View average salary for Foreclosure Specialist
How much does a Foreclosure Specialist make?
The average salary range for a Foreclosure Specialist is from $41,556 to $59,200. The salary will change depending on your location, job level, experience, education, and skills.
-
View average salary for the United States
-
Adjust salary by state
Average salary for Foreclosure Specialist jobs
Step 7: Find relevant Foreclosure Specialist jobs, and apply.
Looking for Foreclosure Specialist jobs?
Here are some Foreclosure Specialist jobs in the United States.