Position Summary:
Responsible for managing all Real Estate Owned (REO) assets from post‑foreclosure sale through final disposition. This role requires strong coordination, communication, and analytical skills to ensure compliance with investor guidelines and efficient resolution of all REO activities which include minimizing loss to the company.
Responsibilities:
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Manages the REO pipeline for properties following foreclosure sale completion.
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Submits Default Cash payment requests for liens, utilities, and other approved obligations.
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Refers and tracks eviction cases with approved attorney firms through completion.
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Coordinates with third-party lienholders to support lien resolutions and ownership transfers per guidelines.
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Reviews documents for completeness and prepares them for notary execution.
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Supports CWCOT property sales, including reserve calculations and listing updates.
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Reviews contracts, settlement statements, and offers for accuracy; assists with counteroffers, concessions, and closing cost calculations.
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Updates LoanSphere and related systems to maintain accurate records and reprojections.
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Follows up with attorney firms, preservation vendors, and REO vendors to track status and meet deadlines.
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Reviews repair estimates, performs cost comparisons, and documents vendor bids.
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Processes relocation agreements, coordinates document execution, tracks move-out timelines, and submits payment requests.
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Tracks conveyance timelines, deeds, extensions, claims referrals, and extended sales activity, including redemptions and upset bids.
Requirements:
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REO experience preferred.
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Post sale, conveyance process knowledge, mortgage terminology, and preservation experience required.
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MSP/BK Mortgage Servicing system knowledge preferred.
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Experience working within investor and insurer guidelines related to FNMA, FHLMC, GNMA, VA, FHA and USDA. required.
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Experience working within Federal and State regulations related to Mortgage Servicing.
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Knowledge of Microsoft Office applications with extensive usage with Excel.
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Bachelor’s Degree preferred.
Why work for #teamloanDepot:
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Compensation package based on experience and skill set.
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Inclusive, diverse, and collaborative culture where people from all backgrounds can thrive.
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Work with other passionate, purposeful, and customer-centric people.
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Extensive internal growth and professional development opportunities including tuition reimbursement.
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Comprehensive benefits package including Medical/Dental/Vision.
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Wellness program to support both mental and physical health.
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Generous paid time off for both exempt and non-exempt positions.
About loanDepot:
loanDepot (NYSE: LDI) is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010, loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier, faster, and less stressful to purchase or refinance a home. Today, loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. With headquarters in Southern California and offices nationwide, loanDepot is committed to serving the communities in which its team lives and works through a variety of local, regional, and national philanthropic efforts.
Base pay is one part of our total compensation package and is determined within a range. This provides the opportunity to progress as you grow and develop within a role. The base pay for this role is between $22/hr and $31/hr. Your base pay will depend on multiple individualized factors, including your job-related knowledge/skills, qualifications, experience, and market location.
We are an equal opportunity employer and value diversity in our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
