Paralegal

Purpose The Foreclosure Paralegal I, positioned within the Shared Services Department, holds the responsibility of the pre-foreclosure process across the various states in which the firm operates. This role entails a comprehensive review of pre-foreclosure documents, onboarding documents, as well as the utilization of MSP, AIQ, and other internal systems. It is imperative to ensure the legal validity and compliance of foreclosure actions, while also identifying and addressing any potential impediments that may arise during the pre-foreclosure process. The primary function of this position is to guarantee that all impediments are resolved in a timely manner pre-foreclosure. Effectively resolving these impediments may necessitate direct communication with attorneys, clients, or internal staff, ensuring that any legal or procedural barriers are addressed promptly and proficiently. This role is critical in maintaining the integrity of the foreclosure process and ensuring that all necessary steps are taken to facilitate a smooth transition through the pre-foreclosure phase. Specific Duties, Activities and Responsibilities
Document Review: Thoroughly review and confirm the loan origination documents to ensure accuracy and compliance. MSP (Mortgage Servicing System): Thoroughly review and confirm the data within the MSP system to ensure its accuracy and reliability. AIQ (Document Repository): Review, download, and confirm the loan documents. Quality Control Review: Review and complete a QC sheet per loan. Case Management: Maintaining and organizing case files, tracking deadlines, and ensuring all necessary documentation is submitted in a timely manner. The Paralegal I will ensure all deadlines are met, maintain workloads and process flow within the team, and distribute workloads as necessary. Communication and Collaboration: Responding to various emails, providing accurate and timely information, and maintaining client systems with current information regarding the onboarding process. Compliance Monitoring: Ensuring all activities adhere to internal policies, state laws, and federal regulations. Review of Financial Documents: Reviewing payoff statements, payoff histories, and previous monthly statements to ensure accuracy and completeness, addressing any discrepancies as needed. Issue Escalation and Support: Escalating any issues as needed and assisting with the training of new paralegal staff.
Job Requirements
Bachelor’s Degree Preferred or Paralegal Certificate 5+ years of default law experience Strong knowledge of AP foreclosure process Understanding of judicial and non-judicial foreclosure processes Previous default industry experience Analytical document review capabilities Able to respond appropriately to constructive feedback from management. Self-starter with exceptional ability to identify and solve problems. Ability to recognize changing environments and think analytically.
General Competency Factors
Must be proficient in software tools, including but not limited to Word, Excel, Outlook, and the Internet. Must possess strong written and verbal communications skills. Must provide excellent customer service to internal and external customers Identifies and solves issues in a timely manner. Must be a team player and willing to help others in their department whenever necessary. Must be extremely organized and be able to multi-task. Conscientious with respect to work completion, deadlines, time management and attendance. Takes initiative in face of obstacles and identifies what needs to be done and takes action. Demonstrates commitment to Firm’s vision, mission, and core values. Analytical and detail oriented, while working at a fast pace and capable of multi-tasking. Develops professional relationships and builds rapport with others. Overall good work ethic and willingness to adapt to change.
Originally posted on Himalayas