Understand specific state and federal foreclosure laws
3
Attend orientation with HR
4
Guided tour of mortgage systems and software
5
Review company's code of conduct
6
Approval: Code of Conduct
7
Introduction to foreclosure team members
8
Training on foreclosure prevention options
9
Familiarize with company's foreclosure documentation
10
Introduction to company's foreclosure process
11
Training on interaction with distressed homeowners
12
Approval: Communication Training
13
Understanding of company’s compliance and due diligence requirements
14
Training on analytic and problem-solving methodologies
15
Job shadowing with experienced Foreclosure Specialist
16
Review and understand foreclosure timelines
17
Approval: Foreclosure Timelines
18
Training on using the company's customer relationship management (CRM) system
19
Training on negotiation tactics with borrowers and attorneys
20
First week wrap-up meeting with supervisor
Introduction to company's mortgage policies
Learners will be introduced to the company's mortgage policies and understand their role in the foreclosure process. This task will provide an overview of the policies, their importance in ensuring compliance, and the impact they have on the overall workflow. The desired result is that learners have a clear understanding of the policies and their role in implementing them.
Understand specific state and federal foreclosure laws
This task is crucial for understanding the legal framework surrounding mortgage foreclosure. Learners will gain knowledge about specific state and federal foreclosure laws and their implications on the foreclosure process. The desired result is that learners have a good grasp of the legal requirements and can apply them in their work.
1
Alabama
2
California
3
Florida
4
New York
5
Texas
Attend orientation with HR
In this task, new employees will attend an orientation session with the HR department. The purpose of the orientation is to provide new hires with an introduction to the company culture, policies, and procedures. The desired result is that employees feel welcomed and informed about the organization they are joining.
Guided tour of mortgage systems and software
Employees will be given a guided tour of the mortgage systems and software used by the company. This task aims to familiarize new hires with the tools they will be working with on a daily basis. The desired result is that employees feel comfortable navigating the systems and software.
1
Mortgage Management System
2
Document Management System
3
Loan Origination System
4
Customer Relationship Management System
5
Foreclosure Tracking System
Review company's code of conduct
In this task, the new hires will review the company's code of conduct. The purpose of this task is to ensure that employees understand the ethical standards and guidelines they are expected to adhere to. The desired result is that employees are aware of the code of conduct and can conduct themselves accordingly.
1
Honesty and Integrity
2
Respect and Professionalism
3
Confidentiality
4
Conflict of Interest
5
Compliance with Laws and Regulations
Approval: Code of Conduct
Will be submitted for approval:
Review company's code of conduct
Will be submitted
Introduction to foreclosure team members
New hires will be introduced to the members of the foreclosure team. This task aims to create a sense of camaraderie and establish a supportive work environment. The desired result is that employees feel welcomed and comfortable approaching their team members for assistance.
Training on foreclosure prevention options
This task involves training on foreclosure prevention options. Learn about the various alternatives available to distressed homeowners to prevent foreclosure. How can your knowledge of these options make a positive impact on the lives of homeowners? If you encounter any complex scenarios or questions related to foreclosure prevention, who can provide guidance or expertise?
Familiarize with company's foreclosure documentation
This task requires you to familiarize yourself with the company's foreclosure documentation. Understand the purpose and contents of the documentation. How will your familiarity with the foreclosure documentation streamline the foreclosure process? If you need any clarifications or updates regarding the documentation, who will you approach?
Introduction to company's foreclosure process
This task provides an introduction to the company's foreclosure process. Understand the sequential steps involved in executing a foreclosure. How will your understanding of the foreclosure process enable you to effectively manage foreclosure cases? If you have any questions or uncertainties regarding the process, who can provide guidance?
1
1. Notice of Default
2
2. Loan Acceleration
3
3. Foreclosure Auction
4
4. REO Sale
5
5. Eviction
Training on interaction with distressed homeowners
This task involves training on interacting with distressed homeowners. Learn effective communication strategies and empathy techniques to address the concerns and emotions of homeowners facing foreclosure. How can your communication skills positively impact the homeowner's experience during this challenging time? If you come across challenging situations or difficult emotions, who can provide guidance or support?
Approval: Communication Training
Will be submitted for approval:
Training on interaction with distressed homeowners
Will be submitted
Understanding of company’s compliance and due diligence requirements
This task aims to enhance your understanding of the company’s compliance and due diligence requirements. Comprehend the importance of adherence to regulatory standards and the role of due diligence in mitigating risks. How will compliance and due diligence impact the quality of your work as a Mortgage Foreclosure Specialist? If you encounter any compliance-related challenges or require clarifications, who will you seek assistance from?
Training on analytic and problem-solving methodologies
This task involves training on analytic and problem-solving methodologies. Learn techniques to analyze complex foreclosure cases and devise effective solutions. How will your analytical and problem-solving skills contribute to resolving foreclosure challenges? If you face any difficulties in applying these methodologies, who can provide guidance?
Job shadowing with experienced Foreclosure Specialist
This task involves shadowing an experienced Foreclosure Specialist to gain practical insights and learn from their expertise. Observe their workflow, strategies, and problem-solving approaches. What are some key takeaways from this job shadowing experience? How will you apply this knowledge in your own work?
Review and understand foreclosure timelines
This task requires you to review and understand foreclosure timelines. Comprehend the legal and procedural deadlines associated with the foreclosure process. How will your understanding of these timelines help you efficiently manage foreclosure cases? If you have any questions or uncertainties regarding specific timelines, who can provide guidance?
Approval: Foreclosure Timelines
Will be submitted for approval:
Review and understand foreclosure timelines
Will be submitted
Training on using the company's customer relationship management (CRM) system
This task involves training on using the company's customer relationship management (CRM) system. Familiarize yourself with the functionalities and features of the CRM system. How will your proficiency in using the CRM system enhance your efficiency and effectiveness as a Mortgage Foreclosure Specialist? If you face any difficulties or technical issues with the CRM system, who should you contact?
Training on negotiation tactics with borrowers and attorneys
This task involves training on negotiation tactics with borrowers and attorneys. Learn effective negotiation strategies to reach agreements with stakeholders involved in the foreclosure process. How can your negotiation skills contribute to achieving mutually beneficial outcomes? If you encounter challenging negotiations or disputes, who can provide guidance or support?
First week wrap-up meeting with supervisor
This task involves a wrap-up meeting with your supervisor at the end of your first week. Review your progress, address any questions or concerns, and receive feedback on your performance. What achievements or challenges would you like to discuss in this meeting? How can the feedback from your supervisor help you in your role as a Mortgage Foreclosure Specialist?