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Specialist Default Best Execution

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Position Description:

The responsibilities for the Default Best Execution Specialist include performing all day-to-day activities related to recommending the best financial strategy on defaulted loans and acquired properties serviced by Freedom Mortgage. Responsibilities include:

Property Disposition Review – The Property Disposition staff are responsible for reviewing property risk scoring, financial and estimated claims data, and projected gains/losses on individual loans/properties for disposition decisioning. The position is also responsible for updating all systems of record and coordinating with other Default departments once a management decision has been finalized.

Best Execution – Best Execution staff identify and manage high risk loans during the default process. High risk loans may be loans/properties with extensive damages, condemnation or violation notices, contested actions or litigation, or scenarios that could yield high loss to Freedom Mortgage. Best Execution management includes researching high risk circumstances, analyzing impacts of not remediating high risk circumstances, developing written chronologies and summaries of loan histories, formulating recommendations for review and approval of disposition strategy.

Charge off –Primarily responsible for review and analysis of low balance loans and loans recommended for charge off, submission of charge off approvals to investors, processing charge offs in system of record and coordinating communication to internal impacted departments.

Essential Job Duties and Responsibilities:

  • Review vacant FHA and VA loans prior to foreclosure sale for advance disposition decisioning should property be acquired by Freedom at foreclosure sale. Also review newly vacant FHA post-sale properties managed through the conveyance process for same disposition determination. This entails gathering all information necessary for review and keying into a Disposition Model for estimation of financial gain or loss to Freedom Mortgage
  • Develop written recommendation for charge off.
  • Research and analysis of high risk circumstances with understanding of how the risk impacts borrowers, Freedom Mortgage, investors/insurer, default timelines, etc.
  • Excellent organizational and time management skills. 
  • Attention to detail with a high level of accuracy.
Microsoft Office experience and advanced Excel knowledge:  
  • Timely management of high risk circumstances to mitigate losses.
  • If applicable, determine the most effective way to recover the max amount of funds in a swift manner and monitor execution.
  • Formulate chronologies and recommendation for presentation to Default leadership. 


  • Strong understanding of FHA, VA and GSE guidelines
  • Minimum of 3 years Default experience in Property Preservation and or REO
  • Recommend resolutions which will enable Freedom to recover the max amount of funds in a swift manner


Education & Certification Requirements:

  • High school diploma or general education degree (GED);and two to four years related experience and/or training; or equivalent combination of education and experience.