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FHA Transfer Processor

Location

United States

Posted

95 days ago

Salary

0

No structured requirement data.

Job Description

FHA Transfer Processor

US DEFAULT GROUP INC

This description is a summary of our understanding of the job description. Click on 'Apply' button to find out more. Role Description The FHA Transfer Processor is a remote position responsible for conveying foreclosed property via Warrant Deed from foreclosure entity to HUD while providing HUD with an Owner's Title Insurance Policy insuring title to the property. - Receive and review FHA transfer referral via client's system/portal, email and/or other correspondence. - Order title search and title commitment from title insurance underwriter via underwriter's computer system. - Order tax and lien search and association estoppel letter, if applicable, from appropriate vendor. - Prepare the Special Warrant Deed from foreclosure entity to Secretary of Housing and Urban Development for execution and recording. - Review and import title search/commitment into RAS computer system with all title insurance underwriter requirements for clear title and exceptions to title. - Prepare title commitment and provide commitment to title attorney/manager for signature. - Review tax and lien search and, if applicable, association estoppel letter for any violations, open permits, tax matters, and association issues not of record. - Consult with title attorney/manager regarding amounts due for association estoppel letter and request "revised" estoppel letter in accordance with current Florida law. - Submit association estoppel letter to client for payment. - Consult with title attorney/manager regarding the clearing of any title defects and advise client if curative action is needed. - Provide FHA file for curative action to Title Resolution department for FHA curative procedures. - Provide client with copies of all documents from foreclosure and eviction (if applicable) via client's system/portal, email and/or other correspondence. - Provide prepared Special Warranty Deed for execution. - Upon receipt of recording instructions from client, send deed for recording via e-recording if applicable and update title/tax and lien search. - Verify bank has paid all outstanding bills, prepare owner's title insurance policy and provide to title attorney/manager for signature. - Upon attorney/manager signature, upload final title package into HUD P260 Portal and close and bill file. Qualifications - High School Diploma or equivalent - Title insurance and title examination knowledge - Prior title examination experience with a concentration on pre/post foreclosure matters - Prior high volume law firm experience with a concentration on pre/post foreclosure title matters - Knowledge of systems including BKFS, Vendor Scape and underwriting systems such as ATIDS, Datatrace, and Doubletime Requirements - Familiarity with title abstracts/title commitments to identify possible title defects. - Ability to "think outside the box." - Oral and written communication including proper telephone and email etiquette. - Vendor/client relation skills. - Computer literate including word processing, email and calendar experience. - Proof-reading skills and attention to detail. - Must be prompt in answering all client requests and be able to multi-task as each file is in different stages of FHA transfer process. - Organization, time management, professionalism, team oriented, and necessary math/billing skills.

Job Requirements

  • High School Diploma or equivalent
  • Title insurance and title examination knowledge
  • Prior title examination experience with a concentration on pre/post foreclosure matters
  • Prior high volume law firm experience with a concentration on pre/post foreclosure title matters
  • Knowledge of systems including BKFS, Vendor Scape and underwriting systems such as ATIDS, Datatrace, and Doubletime
  • Familiarity with title abstracts/title commitments to identify possible title defects.
  • Ability to "think outside the box."
  • Oral and written communication including proper telephone and email etiquette.
  • Vendor/client relation skills.
  • Computer literate including word processing, email and calendar experience.
  • Proof-reading skills and attention to detail.
  • Must be prompt in answering all client requests and be able to multi-task as each file is in different stages of FHA transfer process.
  • Organization, time management, professionalism, team oriented, and necessary math/billing skills.

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