Estate administrator vs foreclosure specialist

Differences between estate administrator and foreclosure specialist duties and responsibilities

Estate administrator example responsibilities.

• Manage reporting requirements to senior management on status of real estate portfolio.
• Provide administrative management of a portfolio of assign commercial real estate loans in accordance with credit policy requirements for risk management.
• Conduct title examinations; review loan and conveyance documents.
• Maintain company files containing correspondence, conveyance documents, and contact notes for acquiring authority.
• Review monthly statements and recalculate year-end operating expense reconciliations to ensure obligation matches with lease modification or amendment.

Foreclosure specialist example responsibilities.

• Manage a SharePoint site to store all materials.
• Manage property inspection process through network of accredit REO inspectors.
• Manage both conforming and non-conforming loans according to FNMA guidelines to maximize recovery.
• Work closely with assign eviction and foreclosure attorneys towards a successful lockout.
• Communicate with attorneys in reference to their claims submit to FHLMC.
• Update files in AS400 as well as LPS to reflect sales, mediation depositions and hearings.
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