The FHA Transfer Processor manages the transfer of foreclosed properties to HUD, ensuring accurate documentation and title insurance while coordinating with clients and vendors throughout the process.
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.
Responsibilities:
- 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 and prepare the Special Warrant Deed from foreclosure entity to Secretary of Housing and Urban Development for execution and recording
- Review and import into RAS computer system. title search/commitment 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" estoppal letter in accordance with current Florida law. Submit association estoppl 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 and 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.
Skills:
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.
Education & Experience:
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,
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