Foreclosure Specialist

Georgia United Credit Union regularly evaluates market data to establish salary ranges that enable us to offer the best, competitive compensation package for our positions. Individual compensation packages are based on various factors unique to each candidate, including skill set, experience, qualifications, internal alignment and other job-related factors.

Starting salary $23.50 per hour depending on experience and qualification.

Essential Duties:

• Review delinquent mortgage and home equity accounts for foreclosure eligibility.
• Monitor and track delinquent mortgage loans greater that 90 days delinquent and provide ongoing status updates to leadership operations.
• Manage queue of 45+ Internal delinquent Helocs which consists of making outbound calls to members with delinquent Helocs
• Assist with mailing Hud/Scra letters to members
• Assist with outbound/inbound calls, process payments, make payment arrangements
• Coordinate with attorneys and sub servicers to initiate and monitor foreclosure proceedings.
• Ensure all foreclosure actions comply with applicable laws, regulations, and the terms of the Security Deed
• Prepare foreclosure recommendation packages including approval requests, legal notices, and sale authorizations to leadership
• Maintain accurate records of foreclosure status, borrower communications, and legal filings.
• Serve as the primary contact for internal and external counsel on foreclosure-related matters
• Support the REO (Real Estate Owned) process by facilitating property evaluations, coordinating with realtor and attorneys to manage the eviction process & post eviction process which includes property maintenance, review & evaluate offers
• Coordinate eviction proceedings when necessary, including dispossessory actions and sheriff involvement
• Monitor bankruptcy filings and collaborate with bk legal specialist and external attorney to determine foreclosure feasibility
• Review of hardships/Loan modifications, shorts sales for sub-servicers
• Coordinate with accounting regarding any new Real Estate owned property bought back by the credit union
• Ensure proper tracking of 1099-A form
• Evaluate property equity and market value using multiple valuation sources (e.g., Zillow, Redfin, Homegenius) to support foreclosure decisions
• Work closely with collectors, recovery specialists, and lending operations to minimize losses and ensure cohesive handling of delinquent accounts
• Meet regularly with attorney/ sub servicers to obtain status updates
• Other duties as assigned

Statement of Understanding

All descriptions have been reviewed to ensure that only essential functions and basic duties have been included. Peripheral tasks, only incidentally related to each position, have been excluded. Requirements, skills, and abilities included have been determined to be the minimal standards required to successfully perform the positions. In no instance, however, should the duties, responsibilities, and requirements delineated be interpreted as all inclusive. Additional functions and requirements may be assigned by supervisors as deemed appropriate.

In accordance with the Americans with Disabilities Act, job requirements may be modified to reasonably accommodate disabled individuals. However, no accommodation will be made which may pose serious health or safety risks to the employee or others or which impose undue hardships on the organization.

Job descriptions are not intended as and do not create employment contracts. The organization maintains its status as an at-will employer. Employees can be terminated for any reason not prohibited by law.

Equal Employment Opportunity (EEO)

Georgia United is committed to providing equal employment opportunities and fostering a workplace where all individuals have the chance to succeed. We consider all qualified applicants for employment and advancement without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law. We value the unique perspectives and contributions that each team member brings to our organization, believing that a diverse and inclusive workforce strengthens our credit union.

E-Verify

Georgia United participates in the U.S. Department of Homeland Security's E-Verify program. E-Verify is an online system used to confirm the eligibility of employees to work in the United States. This process involves electronically verifying the information provided by new hires against records maintained by the Department of Homeland Security and the Social Security Administration.

Team Player - Works well as a member of a group

Associates of Finance (required)

*Bilingual is a Plus (Spanish) (preferred)
*Notary is a Plus, although not required for job consideration (preferred)
*Computer proficiency with MS Office, including Word, Excel and PowerPoint, and Outlook. (required)
*Proficiency in loan servicing platforms and document management systems. (required)
*Strong understanding of real estate lending, foreclosure laws, and credit union operations. (required)
*Ability to manage sensitive member situations with professionalism and empathy. (required)
*Excellent communication, negotiation, and organizational skills. (required)
*Proficiency in loan servicing platforms and document management systems. (Symitar a Plus) (preferred)
*Strong understanding of real estate lending, foreclosure laws, and credit union operations. (required)
*Minimum 3 years of experience in foreclosure, collections, or loss mitigation within a financial institution. (required)

Skills