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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.