Loan Servicing & Default Administration Specialist

Workway

🇺🇸 United States
On-site
1 day ago

Pension

1 day ago

We are a professional staffing firm, working with organizations across the country to place exceptional candidates. Currently, we have a Loan Servicing & Default Administration Specialist opportunity with our private lending client, who offers experienced mortgage professionals the opportunity to work on sophisticated, high-value private lending transactions while exercising real credit judgment and owning deals from underwriting through funding. With a strong reputation, experienced leadership, collaborative culture, and commitment to sound judgment, disciplined execution, and extraordinary service, employees can make a meaningful impact while growing with a company that values expertise and innovation.

This role goes beyond routine payment processing—you'll manage loans that require hands-on attention, from everyday servicing through default, workout, foreclosure, bankruptcy, eviction, REO management, and final sale.

TheLoan Servicing & Default Administration Specialist is responsible for the specific duties listed below.

Your specific duties will include:

Direct daily servicing functions, including payment processing, payoffs, reconveyances, and clear communication with investors and borrowers.
Identify early warning signs by monitoring delinquencies, senior liens, property taxes, and insurance policies to resolve potential issues before they escalate.
Negotiate directly with distressed borrowers to structure workouts, loan modifications, and forbearance agreements.
Oversee the entire default and foreclosure pipeline from Notice of Default to execution, partnering closely with foreclosure trustees and external legal counsel.
Collaborate with legal counsel to manage bankruptcy proceedings, ensuring lender rights and collateral remain fully protected.
Direct eviction and possession procedures alongside legal representatives following foreclosure or deed-in-lieu actions.
Manage Real Estate Owned (REO) assets end-to-end, taking charge of property stabilization, maintenance, marketing, and final liquidation.
Maintain transparent investor communication, secure required approvals, and execute precise cash distributions and final fund payouts.
Manage the final stages of asset resolution, including dissolving holding entities and ensuring all financial records are reconciled and closed.

Required qualifications for the position include:

Extensive experience in California private money or commercial real estate lending; demonstrated proficiency beyond routine loan servicing.
Direct experience steering non-performing loans through default, foreclosure, and final asset disposition.
Strong capability and confidence in coordinating with foreclosure trustees, bankruptcy attorneys, and external legal counsel.

Pay Rate Range : $80,000 - $100,000 annually, plus performance-based bonus potential

Compensation may vary outside of this range depending on a number of factors, including a candidate's qualifications, skills, competencies, and experience, and location. Employees have access to healthcare benefits, including medical, dental, and vision as well as a 401(k) plan.

Let one of our recruiters assist you in finding and preparing for interviews with our clients. Whether you are interested in a direct hire, temp-to-hire, or temporary position, Workway can help you to put your best foot forward. Contact us today!

Workway, Inc. is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender, gender identity, national origin, disability, protected veteran status, or any other characteristic protected by applicable laws, regulations, and ordinances. For our complete EEO & Pay Transparency statement, please visit http://www.workway.com/EEO . To receive state and federal compliance posters, e-mail hr@workway.com or call 972.514.1515.

We collect personal information as part of the application and hiring process. For details about the categories of information collected, purposes of use, and your rights under law, please review our Candidate Privacy Act Disclosure Notice: Privacy Policy

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Loan Servicing & Default Administration Specialist · Workway

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