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Foreclosure specialist skills for your resume and career

Updated January 8, 2025
3 min read
Foreclosure specialist example skills
Below we've compiled a list of the most critical foreclosure specialist skills. We ranked the top skills for foreclosure specialists based on the percentage of resumes they appeared on. For example, 8.6% of foreclosure specialist resumes contained foreclosure process as a skill. Continue reading to find out what skills a foreclosure specialist needs to be successful in the workplace.

15 foreclosure specialist skills for your resume and career

1. Foreclosure Process

Here's how foreclosure specialists use foreclosure process:
  • Ensured that appropriate documents were utilized and properly executed by corporate officers for use throughout the foreclosure process by legal counsel.
  • Compiled documentation to initiate the foreclosure process, monitored timeliness of the attorney's actions according to state guidelines.

2. Insurer

Here's how foreclosure specialists use insurer:
  • Perform duties such as ensuring foreclosure activities are performed in accordance with investor, insurer and/or government agency guidelines.
  • Trained new business unit associates; acclimated those associates to investor and insurer requirements and state distinctions.

3. Loss Mitigation

Here's how foreclosure specialists use loss mitigation:
  • Assessed servicing files to determine if required loss mitigation activities were completed and documented, according to internal and external requirements.
  • Review loss mitigation support documentation to determine accuracy according to established guidelines, and changing client systems publications.

4. Litigation

Here's how foreclosure specialists use litigation:
  • Prepare litigation file packages, obtained and reviewed all recorded/stamped instrument to confirm the accurately, scanned and imaging documents.
  • Assist the Foreclosure Litigation corporate Officers with managing facets of contested and defensive litigation on case assignments.

5. Real Estate

Real estate is land that has buildings on it. This kind of property consists of permanent improvements either natural or man-made, which include, houses, fences, bridges, water trees, and minerals. There are 4 types of real estate namely; residential real estate, commercial real estate, industrial real estate, and vacant land.

Here's how foreclosure specialists use real estate:
  • Maintain an awareness of all policies, procedures and laws governing real estate bankruptcy proceedings and collections-related activity.
  • Examined multiple real estate files daily and provided foreclosure attorney firms with directives on foreclosure proceedings.

6. MSP

Here's how foreclosure specialists use msp:
  • Established eligibility for all foreclosure loans and activated them in Fidelity MSP system.
  • Updated the servicing system MSP daily to ensure loan data has updated appropriately and process was complete to LPS Desktop.

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7. Affidavits

An Affidavit is a type of written agreement or statement voluntarily created under an oath which can be led and confirmed by only those people that have been specified by the relevant laws. An affidavit is often used in such places and events as court trials, where a signed and written statement witnessed by other members or witnesses of the court is necessary in order to ensure that a witness or another person are telling the truth.

Here's how foreclosure specialists use affidavits:
  • Review, draft and audit all applicable documents and Affidavits before management will to execute such document for accuracy and accountability.
  • Audited and Confirmed Occupancy Reviews by previous underwriters along with reviewing and complete Occupancy Affidavits that require signature.

8. FHA

The Federal Housing Administration (FHA) stands for a government agency in the United States that offers housing insurance to FHA-approved lenders who follow certain conditions.

Here's how foreclosure specialists use fha:
  • Processed Foreclosures following FHA guidelines.
  • Created managers' report on Investors such as; FNMA, FHLMC, FHA, including others on monthly sales performance.

9. State Laws

Here's how foreclosure specialists use state laws:
  • Displayed knowledge of specific policy and procedure pertaining to appropriate state laws regarding foreclosure.
  • Put foreclosure packets together to be reviewed by the judge while working with various state laws for the foreclosure industry.

10. Federal Laws

The laws formed and upheld by the federal administrating body of a country are known as federal laws. A federal administrating body or government is formed by a political party after being elected by the general public.

Here's how foreclosure specialists use federal laws:
  • Managed high quality and time sensitive correspondence related to State/ Federal laws associated to RESPA, FDCPA.
  • Conduct research of state and federal laws, in depth analysis of loans, and negotiate settlements.

11. FNMA

Here's how foreclosure specialists use fnma:
  • Managed both conforming and non-conforming loans according to FNMA guidelines to maximize recovery.
  • Shared responsibility of invoice rebuttals for FNMA portfolio.

12. REO

Here's how foreclosure specialists use reo:
  • Managed property inspection process through network of accredited REO inspectors.
  • Prepared judgment figures, foreclosure bidding instructions, post-sale foreclosure packages, and transferred files to REO for liquidation of assets.

13. Investor Guidelines

An investor guideline refers to general standards, strategies, and parameters relating to investments; the set guidelines get altered from time-to-time.

Here's how foreclosure specialists use investor guidelines:
  • Managed a portfolio of judicial foreclosure proceedings in accordance with individual state and investor guidelines and laws.
  • Researched and assessed servicing claim files to maximize capital recovery while ensuring adherence to investor guidelines.

14. Regulatory Guidelines

Regulatory guidelines pertain to the specific rules and regulations prescribed by a government body or organization. These regulatory guidelines must be adhered to by anyone associated with the aforementioned bodies or else the individual will have to suffer the consequences.

Here's how foreclosure specialists use regulatory guidelines:
  • Consulted with outside counsel to ensure national foreclosure milestones were satisfied while adhering to established regulatory guidelines.
  • Monitor foreclosure loans ensuring that all accounts were according to investor-insurer, state and regulatory guidelines.

15. Property Preservation

Here's how foreclosure specialists use property preservation:
  • Verify all property preservation inspections are performed before being foreclosed and ensuring claims are filed accordingly and in compliance.
  • Received and disbursed payment to the foreclosure attorneys and property preservation specialists as invoices were received.
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List of foreclosure specialist skills to add to your resume

Foreclosure specialist skills

The most important skills for a foreclosure specialist resume and required skills for a foreclosure specialist to have include:

  • Foreclosure Process
  • Insurer
  • Loss Mitigation
  • Litigation
  • Real Estate
  • MSP
  • Affidavits
  • FHA
  • State Laws
  • Federal Laws
  • FNMA
  • REO
  • Investor Guidelines
  • Regulatory Guidelines
  • Property Preservation
  • Fannie MAE
  • AS400
  • Default Management
  • Individual Accounts
  • Mortgage Loans
  • FHLMC
  • HOA
  • Financial Losses
  • Title Issues
  • Equity Analysis
  • Loan Modifications
  • Lieu
  • Conveyance
  • Foreclosure Actions
  • Sales Results
  • HUD
  • SharePoint
  • External Vendors
  • Pacer
  • Freddie Mac
  • Loan Types
  • PMI
  • Government Agencies
  • Scra
  • Attorney Firms
  • BPO
  • State Guidelines
  • Foreclosure Attorneys
  • Law Firm
  • Quality Service
  • Delinquent Accounts
  • Lenstar
  • OCC
  • Strong Negotiation

Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

Updated January 8, 2025

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