About the Company
Valon’s mission is to empower every homeowner. We believe the journey of home ownership starts when you get your keys, but lasts far beyond. We’re creating a world where home ownership comes with ease, security, and financial know-how. Our growing team of engineers, operators, product enthusiasts, and experienced servicing professionals are leveraging technology to fundamentally improve the homeownership experience. Through mortgage servicing—the process of paying off one’s mortgage—Valon is taking the first step in transforming the industry one homeowner, and lender, at a time.
Default Servicing at Valon
The Default Servicing team manages all default-related processes and resolves mortgage loans that are in default. The team is crucial to Valon and the broader mortgage ecosystem, as it helps prevent foreclosures and minimize losses for investors. Homeowner transparency and financial literacy is always a focal point to our people, process and product and we strive to help homeowners who need additional support to keep their dream of homeownership alive.
About The Role
The Default Analyst- Foreclosure role will be responsible for monitoring foreclosure cases relative to the accuracy and timeliness of residential mortgage loans within foreclosure, in accordance with applicable federal, state, and/or investor requirements. They will effectively collaborate and communicate with support groups within default to ensure optimal outcomes. Finally, this Analyst should feel comfortable performing all duties in accordance with the company’s policies and procedures, investor requirements, and US state and federal laws and regulations.
Responsibilities
- Maintain, review, follow up, and ensure timely and accurate completion of all regularly scheduled steps, including outstanding/late steps, within the foreclosure tracking template on a daily basis.
- Obtain approval for and properly manage any outstanding or upcoming events/tasks, including, but not limited to, completing steps within deadlines and ensuring the accuracy of dates entered.
- Communicate with assigned attorneys/trustees via vendor tracking software regarding delays and/or pending inquiries.
- Utilize all applicable tools available to effectively manage pipeline, system of record, and vendor tracking software.
- Ensures all attorney fees/costs and foreclosure costs are within Investor, Fannie Mae, Freddie Mac, FHA, VA, or USDA allowable fees schedules.
- Properly maintain the system of record and/or vendor tracking software to ensure proper notification/reporting to investors, clients, borrowers, state, and/or federal/government agencies during foreclosure.
- Review future and upcoming sales, no less than five days prior to scheduling of sale, to ensure all requirements are met.
- Dispose and complete foreclosure sales and follow up on sale proceeds within respective judicial or non-judicial proceedings.
- Process all instructions for posting of funds within SLAs, ensuring timely and accurate instruction if/when funds or proceeds are received.
Minimum Qualifications
- 5+ years of end-to-end foreclosure experience in the mortgage/banking space
- Keen understanding of the foreclosure process and the differences between judicial and non-judicial proceedings
- Full understanding of GSE (FNMA/FHLMC) and Government (GNMA) FHA/VA regulations/guidelines
- Strong communication skills, proficiency in the use of computers and software, attention to detail, persistence, and prioritizing
- The ability to multitask and follow mortgage-servicing guidelines accurately is imperative.
- Assist with special projects and other duties as assigned.
What we can offer:
- Compensation: competitive salary and 401k plan
- Health & well-being: we’ll invest in your physical and mental well-being with comprehensive medical, dental, & vision benefits
- Food & meals: in-office snacks and drinks, and Bagel Fridays
- Commuter benefits: We offer pre-tax deductions for public transportation, rideshare services, and parking expenses to make your commute more affordable and convenient.
- Grow together: Company-wide orientation for you to successfully onboard and other learning & development opportunities including regular review cycles that feature 360-degree feedback
- Generous time off: 17 days paid time off, sick days, and 11 company holidays
- Baby bonding time!: 12 weeks off for both birthing and non-birthing parents - fully paid so you can focus your energy on your newest addition
This Base Compensation pay range applies to our New York City located staff and may differ according to location. New York Base Compensation Pay Range$55,250 - $74,750USDThroughout the interview process, please remember that emails will only be from valon.com emails. We won't ever be asking for any personally identifiable information during the interview process itself. Please reach out to talent@valon.com if you have any requests to verify the authenticity of an outreach.Valon is an equal opportunity employer that is committed to diversity and inclusion in the workplace.
We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws. Valon makes hiring decisions based solely on qualifications, merit, and business needs at the time.
