Collections Specialist

We are looking for a Collections Specialist to join a Contract assignment supporting mortgage servicing and foreclosure operations in Creve Coeur, Missouri. This position focuses on maintaining timely foreclosure activity, coordinating required documentation, and helping ensure servicing actions align with investor and mortgage insurance standards. The ideal candidate brings strong attention to detail, sound judgment, and the ability to manage multiple workstreams in a regulated environment.

Responsibilities:

• Examine loans sent for foreclosure to confirm required assignments are in place and that legal actions begin within established deadlines.
• Track inspection updates for mortgaged properties and arrange securing or preservation steps when vacancy is identified in accordance with applicable guidelines.
• Produce accurate payoff statements and reinstatement amounts for borrowers, attorneys, or other authorized parties upon request.
• Deliver foreclosure bidding figures to legal partners to support scheduled proceedings and related case activity.
• Assemble foreclosure case materials, including supporting legal documents, for attorney review and downstream processing.
• Review, code, and process payments tied to foreclosure activity such as legal invoices, inspection charges, and other vendor-related expenses.
• Provide backup assistance for payment clearing tasks and support mortgage accounting activities involving appraisals and credit report intake.
• Maintain oversight of bill payment and property inspection follow-up for loans that remain active in the foreclosure pipeline.
• Update credit bureau reporting, document account actions in servicing records, and generate written correspondence through approved letter systems.