Freedom Mortgage REO Mortgage Specialist III in Fishers, Indiana

REO Mortgage Specialist III

  • Job ID:3107

  • Functional Area:Servicing

  • Employment Type:Full Time

  • Location:Fishers, IN

  • Department:Loss Analysis/REO

  • Relocation Provided:No

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Position Description:


The REO Specialist III is responsible for monitoring an assigned portfolio Real Estate Owned (REO) properties from acquisition through disposition to ensure disposition of REOs in as timely a manner as possible. Ensure properties are properly maintained and secured. Work with vendor assigned for the marketing and disposition of properties. File final insurance claims, oversee timely payment of bills and expenses associated with properties, and prepare Loss Analysis.Essential Job Functions:

  • Monitor marketing of REOS on Freedom and USDA properties

  • Review Property Disposition Plans, Listing Agreements, Sales Contracts and Settlement Agreements

  • Work closely with vendor marketing USDA REO properties

  • Work closely with REO Vendor on inspecting and securing REO properties

  • Identify Freedom REOS

  • Prepare spreadsheets, stage Fiserv system with REO flags

  • Work with management team on all REO information

  • Track down deeds to put in Freedom Mortgage name

  • Prepare weekly, monthly reports

Other Related Duties:

Performs other related duties as assigned.


To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job.

Education and/or Experience:

  • High School Diploma or GED required

  • Bachelor's Degree preferred

  • 3-5 years related experience in handling REO properties, filing of final insurance claims, reviewing listing agreements, sales contracts, HUD 1 Settlement Statements.

  • Excellent organizational skills.

  • Attention to detail with a high level of accuracy.

  • Analytical and Problem Solving skills.

  • Excellent communication skills

  • Strong decision making skills

  • Ability to meet deadlines in a fast paced environment.

  • Microsoft Office experience and advanced Excel knowledge

  • Strong work and business ethics

  • Ability to read, analyze and interpret documents such as legal documents, policies and procedures and financial reports

  • Ability to effectively write reports and correspondence

  • Ability to define problems, collect data, establish facts and draw valid conclusions

  • Ability to work with minimal supervision

  • Ability to meet critical departmental and insurer/investor guidelines with accuracy and efficiency

  • Ability to build relationships with both internal and external clients/vendors

Freedom Mortgage is a privately held, full-service residential mortgage lender licensed in all 50 states, Washington D.C., Puerto Rico and the Virgin Islands. We are one of the largest and fastest-growing privately held mortgage companies in the country, as well as a top 5 residential lender in the USA. Freedom Mortgage currently services more than 200 billion dollars in loans. And we are continuing to grow! Freedom Mortgage is proud to be recognized by Inc. Magazine’s, Inc. 5000 rankings for the fastest growing private firms in the nation for five consecutive years (2013-2017).

Freedom Mortgage has over 4000 employees and offices nationwide. Locations include suburban Philadelphia (multiple sites in Southern New Jersey and Fort Washington, PA) and Fishers, IN, two regions where we were named Top Workplaces. We also have large operating centers in Melville, NY; Orlando, FL; San Dimas, CA; and Tempe, AZ.

Freedom Mortgage team members enjoy our total rewards program, including excellent benefits, perks, business casual dress, rewards programs, training, development and career opportunities. Community spirit is one of our shared values and Team Freedom Cares is our philanthropic arm helping us get involved in the communities in which we operate. Learn more about us and apply!

Freedom Mortgage Corporation is an Equal Opportunity Employer committed to workforce diversity. Qualified applicants will receive consideration without regard to age, race, color, religion, gender, sexual orientation, national origin, or their status as a protected veteran or an individual with disabilities. Local applicants encouraged to apply. Employment contingent upon successful completion of background investigation. Smoke-free workplace. Drug-free work environment. Excellent benefits package including medical, dental, vision and 401(k). All resumes are held in confidence. Only candidates whose profiles closely match requirements will be contacted during this search. LENDER NMLS ID:2767

Equal Opportunity Employer- Minorities/Females/Disabled/Veterans