Senior Foreclosure Specialist

Full Time | Chicago, IL


The Senior Foreclosure Specialist is responsible for timely processing of residential foreclosure matters in compliance with all state laws and regulatory requirements. The Specialist will perform all duties for an assigned portfolio of loans regardless of geographic concentration or stage last completed.

Job Requirements

  • Once assigned, conduct a review of the foreclosure file. Coordinate with local counsel for breach letter preparation and mailing. Following breach letter expiration, work with counsel to initiate the foreclosure action
  • Manages foreclosure proceedings on assigned cases by interacting and providing clear and concise instructions to various parties
  • Monitor attorney performance by reviewing all proceedings, records and timeframes in addition to working all system / database activities throughout the foreclosure process
  • Diligently follow up on all outstanding communications, written or verbal, internal and external
  • Requests and reviews in detail all appraisals and BPOs as part of the valuation requirements in preparation of the foreclosure sale, calculation of the bid requirements, establishment of deficiency judgments, payments of advances, and/or recovery situations
  • Upon request, provides the attorney with accurate foreclosure reinstatement, payoff and judgment figures as well as accurately executed documents as required
  • Prepares bidding instructions, ensuring compliance with all state and regulatory guidelines
  • Submits bidding instructions to executive leadership for review / approval and deliver to the foreclosure attorney
  • Perform required research on loans with questionable items (e.g. the application of payments, proper foreclosure notification, etc.)
  • Process foreclosure sale results within company guidelines
  • As directed, handles post-sale (pre-REO) activities in coordination with internal and external partners

Role Requirements

  • Business Acumen
  • Computer and Office Suite proficiency
  • Technical capability to utilize office equipment
  • Collaboration and teamwork
  • Customer focused
  • Communication and interpersonal competency
  • Problem solver
  • Organization and time management


  • Minimum 5 years of in a residential loan servicing or default loan servicing experience
  • BKFS/LPS experience as related to foreclosure process
  • MSP knowledge and experience preferred
  • Broad servicing and default knowledge
  • Thorough knowledge of loan servicing especially as related to foreclosures and contested foreclosures
  • Strong time-management skills and communication skills
  • Strong aptitude for assessing, understanding and quantifying risk
  • Able to adapt to change and work effectively with senior management and outside counsel
  • Able to work independently
  • Proven track record in delivering timely and accurate information in a fast paced environment

Other: : Preferred Education/Experience:

  • Associate‚Äôs degree or higher is preferred

Expected Hours

  • Full time position with regular office hours Monday through Friday, typically 8:45 to 5:30 and weekend work may be required from time to time, with some flexibility on start and end times allowed. The employee must be available during the core hours and will work an 8:45- hour day, with a 45 unpaid Lunch breaks and a paid break

Physical Demands

  • This is largely a sedentary role, with filing requirements that would entail the ability to lift files, open file cabinets, bend, stand, and stoop. May be required to lift supplies and files

AHP Servicing LLC participates in E-Verify. Details in English and Spanish. Right to Work Statement in English and Spanish.

AHP Servicing uses crowdsourced funds to purchase past due loans at a discount. We then work with homeowners on consensual solutions. Investors earn up to 10% per year, borrowers stay in their homes, and local communities gain stability.Read More
+ +