Foreclosure Admin

Who We Are:

Based in New Jersey and established in 2010, Asset Based Lending, LLC (“ABL”) is one of the nation’s leading Hard Money Lenders. We provide fast bridge financing to real estate investors for the purchase, renovation, or new construction of single family, multi-family and mixed-use properties as well as DSCR rental loans for long term investors. We have closed thousands of loans since we began lending fourteen years ago, producing more than $2B in originations. ABL was acquired by a private equity firm in 2021, and with a renewed focus on growth, we’ve set our sights on consistent evolution and cementing our place as the premier private lender in the country.

Our Mission is Simple:

Good Loans

Exceptional Service, Every Time

The Firm

The Future

Job Summary:

We are seeking a detail-oriented and proactive Foreclosure Administrator to join our team. The Foreclosure Administrator will be responsible for managing the foreclosure process for delinquent loans, ensuring compliance with all regulatory requirements and company policies.

Key Responsibilities:

Foreclosure Process Management: File necessary documentation, coordinate with legal counsel, and managing communication with foreclosure team.

Loan Portfolio Monitoring: Monitor loan portfolios to identify delinquent accounts and initiate foreclosure proceedings in a timely manner.

Documentation and Record-Keeping: Maintain accurate records of all foreclosure-related activities, including correspondence, legal documents, and payment history.

Compliance Assurance: Ensure compliance with all federal, state, and local regulations governing the foreclosure process, including Fair Debt Collection Practices Act (FDCPA) and other applicable laws.

Collaboration: Collaborate with internal teams, including loan officers, underwriters, and legal counsel, to facilitate efficient and effective resolution of foreclosure cases.

Reporting: Generate regular reports on foreclosure activity, including delinquency rates, foreclosure timelines, and other relevant metrics, to support decision-making and compliance efforts.

Continuous Improvement: Identify opportunities for process improvements within the foreclosure department and contribute to the development and implementation of best practices.

Qualifications:

Bachelor's degree in business administration, finance, or related field preferred.

2+ years of experience in foreclosure administration or mortgage servicing, preferably in a hard money lending or real estate finance environment.

Strong understanding of foreclosure laws, regulations, and procedures.

Excellent organizational skills and attention to detail.

Ability to prioritize tasks and manage multiple projects simultaneously.

Effective communication skills, both written and verbal.

Proficiency in Microsoft Office suite and loan servicing software.

Ability to work independently and collaboratively in a fast-paced environment.

Benefits:

Competitive salary

Health, dental, and vision insurance

Retirement savings plan (401k)

Paid time off

Professional development opportunities