Foreclosure specialist

Code 3315.1

Foreclosure specialists revise documentation related to properties that are under foreclosure. They assist clients whose property has been reclaimed by banks due to non-payment of their mortgage by assessing the owner's possibilities for saving the property.

Essential skills

Knowledge

  • property law
  • foreclosure
  • real estate market
  • mortgage loans

Skills and competences

  • analyse loans
  • communicate with banking professionals
  • assess debtor's financial situation
  • examine mortgage loan documents
  • handle financial disputes
  • obtain financial information
  • provide support in financial calculation
  • create a financial plan
  • protect client interests
  • collect property financial information

Transversal competences

  • analyse financial risk

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What to assess for this role

Technical knowledge can be verified with tests and references. What never shows up on a CV are the transversal competences, and they explain most failed hires. Before closing, it pays to measure them with a standardised battery.

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Sources

This service uses the ESCO classification of the European Commission and the Mapha Taxonomy developed by OTIC SOFOFA (CC BY 4.0), in an adapted version. Group codes come from the ILO's ISCO-08. See sources and licences