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First American
Sr. Default Loan Servicing Specialist - Asset Management/REO - ServiceMac (Hybrid)
Career Insights for Credit / Loan Counselor
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Based on South Carolina data
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What they do
A Credit or Loan Counselor advises and educates individuals or organizations on acquiring and managing debt or qualifying for traditional loans. Guidance may include determining the best type of loan and explaining loan requirements or restrictions. May help develop debt management or credit issue plans. Can provide budget, mortgage or bankruptcy counseling.
$44,223 / year median in South Carolina
-10% projected decline
Job Description
Sr. Default Loan Servicing Specialist
- Asset Management/REO
- ServiceMac (Hybrid)
First American :
$28.09- $37.
- Asset Management serves as a crossfunctional, utilitystyle specialist supporting all facets of REO liquidation across USDA, VA, and Asset channels, while also providing coverage for FHA Post Sale workflows.
WHAT YOU'LL DO REO
Liquidation Support (USDA, VA, Asset) Assist with REO activation processes and MSP updates. Coordinate occupancy checks, broker assignments, and valuation ordering. Monitor preservation requirements and vendor communications. Support CashforKeys workflows for occupied REO assets. Review valuations and support claim processes. Manage REO closing workflows. FHA Post Sale Workflow Coverage Support FHA conveyance timelines and HUD claim readiness. Assist with CWCOT/2nd Chance reviews and auction coordination. Monitor eviction status and coordinate with legal teams. Support Title Curative reviews. Compliance & Documentation Maintain accurate loan documentation across MSP and related repository systems. Ensure compliance with investor, insurer, and agency guidelines. Apply updates from policy and regulatory changes. CrossFunctional Collaboration Support multiple teams depending on operational demand. Communicate risks, status updates, and escalations. Participate in audits, QC, and billing rule refinement.WHAT YOU'LL BRING
Education, Experience, Licensure and Certifications 2-3 years experience in property preservation, REO, asset management, or default servicing. Familiarity with USDA, VA, and FHA postsale processes. Strong knowledge of MSP, LoanSphere, Yardi/P260, FHA Connection. Strong communication and problemsolving skills. Experience handling multiple loan types. Vendor oversight experience. Understanding of REO valuation methodologies.Competitive Salary and Benefits Include:
Medical, Dental and Vision Insurance Company-paid Life Insurance, Vacation and Holiday Pay 401k Retirement Plan ContributionPay Range:
$28.09- $37.44 Hourly This hiring range is a reasonable estimate of the base pay range for this position at the time of posting. Pay is based on a number of factors which may include job-related knowledge, skills, experience, business requirements and geographic location. What We OfferBy choice, we don't simply accept individuality
- we embrace it, we support it, and we thrive on it! Our People First culture is inclusive for all employees
- not just because it's the right thing to do, but because it's the key to our success.