Foreclosure & OREO Analyst
Description:
If you are ready to join a company that truly cares about its employees, our members, and our community then you have come to the right place!
Summary of Role:
The Foreclosure & OREO Analyst is responsible for managing residential real estate loans through the foreclosure process (including pre-foreclosure) and overseeing post foreclosure OREO (Other Real Estate Owned) assets. This role ensures compliance with investor, regulatory, and internal requirements while minimizing loss severity and timelines. The position collaborates closely with legal counsel, vendors, property managers, and internal stakeholders to drive timely resolutions and maximize asset value.
Essential Job Functions/Responsibilities:
Foreclosure Management
Monitor and manage loans in active foreclosure from pre-foreclosure delinquency through sale or resolution, including Fannie Mae, Freddie Mac and SONYMA loans
Coordinate with foreclosure attorneys to ensure timely and accurate legal actions
Review and monitor legal documents relating to foreclosure action
Review foreclosure milestones, filings, and case statuses for accuracy and compliance
Ensure adherence to federal, state, investor, and agency regulations (CFPB, FNMA, FHLMC, etc.)
Including communication with law enforcement and court officials
Identify delays, exceptions, or issues and take corrective action
Review drafted affidavits for accuracy and timely response
Evaluate borrower reinstatement, payoff, and loss mitigation impacts on foreclosure timelines
Including the handling of modification/workout requests
Review and approve invoices related to foreclosure expenses
OREO / Post Foreclosure Management
Transfer foreclosed properties into OREO inventory upon title acquisition
Coordinate property preservation, inspections, valuations (BPOs/appraisals), and maintenance
Monitor property condition, vacancy status, and code compliance
Work with asset managers, brokers, and vendors to prepare properties for market
Track marketing timelines, pricing strategies, and disposition outcomes
Review drafted affidavits for accuracy and timely response
Review and approve invoices related to OREO expenses
Analysis & Reporting
Prepare internal and investor reporting related to pipeline volume and aging
Identify process gaps and recommend operational improvements
Support audits, exams, and internal quality control reviews
Compliance & Risk Management
Ensure compliance with servicing agreements, investor guidelines, and company policies
Maintain accurate loan level documentation and system notes
Respond to regulatory, investor, or internal audit inquiries
Escalate high risk issues or exceptions to management
Required Qualifications
2–5+ years of experience in foreclosure, default servicing, OREO, or loss mitigation
Working knowledge of mortgage servicing systems (e.g., Black Knight)
Strong understanding of foreclosure laws and timelines (judicial and non judicial preferred)
Experience working with foreclosure counsel and third party vendors
Preferred Qualifications
OREO asset management experience
Familiarity with SONYMA, Fannie Mae, and Freddie Mac guidelines
Experience supporting regulatory exams or investor audits
Starting Compensation: $24.75-$29.70/hr., plus a generous monthly incentive/bonus plan and competitive benefits package
Bilingual individuals who are fluent in a second language in addition to English are highly encouraged to apply.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other status protected by applicable law.
Broadview FCU is committed to ensuring individuals with disabilities and/or those who have special needs participate in the workforce and are afforded equal opportunity to apply and compete for jobs. If you would like to contact us regarding the accessibility of our Website or need assistance completing the application process, please contact us at
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