What are the responsibilities and job description for the Foreclosure Oversight Specialists position at United Wholesale Mortgage?
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It’s no wonder that out of our six pillars, People Are Our Greatest Asset is number one. It’s at the very heart of how we treat each other, our clients and our community. Whether it’s providing elite client service or continuously striving to improve, our pillars provide a pathway to a more successful personal and professional life.
More reasons you’ll love working here include:
The Foreclosure Oversight Specialist is responsible for monitoring and managing the foreclosure process on defaulted mortgage loans to ensure all activities are conducted in compliance with investor, insurer, state, and federal requirements. This role serves as the liaison between internal teams, foreclosure attorneys, third-party vendors, and investors to ensure timely and accurate processing of foreclosure milestones.
This role requires 100% onsite attendance in our Pontiac office.
WHAT YOU WILL BE DOING:
- Oversee and track all stages of the foreclosure process, ensuring timely completion of milestones in accordance with regulatory and investor guidelines.
- Collaborate with foreclosure attorneys and vendors to gather documentation, resolve issues, and expedite case progression.
- Review and approve foreclosure-related documents and correspondence, ensuring legal and procedural accuracy.
- Maintain accurate records and notes in servicing systems; document key actions and decisions.
- Ensure compliance with federal, state, and investor guidelines, including CFPB, Fannie Mae, Freddie Mac, FHA, VA, and USDA regulations.
- Identify and escalate potential risks, delays, or procedural issues in the foreclosure pipeline.
- Conduct audits and quality control reviews of active foreclosure files.
- Generate and analyze reports to monitor timelines, volumes, and performance metrics.
- Communicate effectively with borrowers, when applicable, regarding foreclosure status or resolution opportunities.
- Support internal and external audits by providing requested documentation and responding to inquiries.
- Participate in process improvement initiatives and cross-functional projects related to default servicing.
Must Have Qualifications:
- High school diploma or equivalent (Bachelor’s degree preferred).
- 2 years of experience in mortgage servicing, with direct exposure to foreclosure processes.
- Strong knowledge of foreclosure laws, timelines, and investor/insurer guidelines.
- Excellent organizational skills and attention to detail.
- Effective written and verbal communication skills.
- Ability to prioritize and manage a high-volume pipeline.
- Proficient in Microsoft Office Suite and mortgage servicing platforms (e.g., MSP, Black Knight, or similar).
Nice To Have Qualifications:
- Experience working with national foreclosure counsel or law firms.
- Familiarity with regulatory requirements such as CFPB servicing rules and loss mitigation guidelines.
- Understanding of other areas of default servicing (bankruptcy, loss mitigation, REO) is a plus.
Ready to join thousands of talented team members who are making the dream of home ownership possible for more Americans? It’s all happening on UWM’s campus, where our award-winning workplace packs plenty of perks and amenities that keep the atmosphere buzzing with energy and excitement.
It’s no wonder that out of our six pillars, People Are Our Greatest Asset is number one. It’s at the very heart of how we treat each other, our clients and our community. Whether it’s providing elite client service or continuously striving to improve, our pillars provide a pathway to a more successful personal and professional life.
From the team member that holds a door open to the one that helps guide your career, you’ll feel the encouragement and support on day one. No matter your race, creed, gender, age, sexual orientation and ethnicity, you’ll be welcomed here. Accepted here. And empowered to Be You Here.
More reasons you’ll love working here include:
- Paid Time Off (PTO) after just 30 days
- Additional parental and maternity leave benefits after 12 months
- Adoption reimbursement program
- Paid volunteer hours
- Paid training and career development
- Medical, dental, vision and life insurance
- 401k with employer match
- Mortgage discount and area business discounts
- Free membership to our large, state-of-the-art fitness center, including exercise classes such as yoga and Zumba, various sports leagues and a full-size basketball court
- Wellness area, including an in-house primary-care physician’s office, full-time massage therapist and hair salon
- Gourmet cafeteria featuring homemade breakfast and lunch
- Convenience store featuring healthy grab-and-go snacks
- In-house Starbucks and Dunkin
- Indoor/outdoor café with Wi-Fi