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Foreclosure Field Inspector Jobs (NOW HIRING)

CityFirst Bank

Special Assets Officer

Washington, DC · On-site

$145K - $155K/yr

Conducts on-site inspections of collateral and borrower operations to assess condition, cash flow ... Bachelor's degree in accounting, Business, Finance, or a related field or an equivalent of 6+ years ...

Craft3

Special Assets Manager

Oregon, WI · On-site

$100 - $125/hr

Coordinate foreclosure, bankruptcy, receivership, litigation, collateral liquidation, OREO ... Conduct borrower meetings, site visits, financial reviews, and collateral inspections.

LoanCare

Property Preservation Specialist III

$19.33 - $28.89/hr

... foreclosure, delay if possible • Coordinate the eviction process on select properties with FC ... REO, Inspections and Property Preservation upon request • All other duties as assigned ...

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Foreclosure Field Inspector information

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How much do foreclosure field inspector jobs pay per hour?

As of Sep 8, 2026, the average hourly pay for foreclosure field inspector in the United States is $22.61, according to ZipRecruiter salary data. Most workers in this role earn between $15.87 and $26.68 per hour, depending on experience, location, and employer.

What is a foreclosure field inspector?

Foreclosure Field Inspectors are professionals who inspect properties that are in foreclosure or default to assess their condition and verify occupancy status. Their main duties often include taking photographs, documenting the state of the property, and reporting any damages or issues to banks or mortgage companies. These inspectors play a critical role in ensuring that lenders are kept informed about the properties they hold, helping them make decisions about maintenance, security, or resale. Field inspectors typically work independently, traveling to multiple properties each day and adhering to specific reporting guidelines set by their clients.

What does a foreclosure field inspector do?

As a Foreclosure Field Inspector, your primary responsibilities will relate to real estate in foreclosure. You’ll work for the mortgage holder to check the exterior and interior conditions of foreclosed properties. Your primary duties will be to determine, report on and photograph the general condition of the property, whether it’s occupied or vacant, has been vandalized or broken into, and whether actions should be taken to better secure the property or make immediate repairs. Foreclosure Field Reporters can be assigned to both commercial and residential properties. You will need your own transportation to reach the addresses throughout your assigned territory.

What are the key skills and qualifications needed to thrive as a foreclosure field inspector, and why are they important?

To thrive as a Foreclosure Field Inspector, you need strong attention to detail, knowledge of real estate or property inspection, and a valid driver's license. Familiarity with mobile inspection apps, GPS navigation systems, and digital cameras is typically required. Excellent time management, independence, and clear written communication help inspectors excel in documenting and reporting property conditions. These skills ensure accurate, timely, and reliable information for banks, lenders, and property managers managing foreclosure processes.

What are the typical challenges faced by foreclosure field inspectors, and how can they be managed?

Foreclosure Field Inspectors often encounter challenges such as working independently in unfamiliar neighborhoods, managing tight deadlines for multiple property inspections, and dealing with variable weather conditions. Staying organized, maintaining clear communication with supervisors, and using reliable technology for reporting can help manage these challenges effectively. Additionally, building a strong understanding of local regulations and safety protocols ensures inspections are completed accurately and safely.

What is the difference between Foreclosure Field Inspector vs Property Inspector?

AspectForeclosure Field InspectorProperty Inspector
CredentialsTypically requires real estate or inspection certifications, sometimes a background checkRequires home inspection licenses or certifications
Work EnvironmentFieldwork at foreclosed properties, often in various locationsFieldwork at residential or commercial properties, often for sale or purchase
Employer & IndustryLoan servicers, banks, foreclosure companiesReal estate agencies, home inspection companies
Search & Comparison IntentFocus on foreclosure-related inspectionsFocus on property condition assessments for sales or purchases

Foreclosure Field Inspectors primarily assess foreclosed properties for lenders and banks, while Property Inspectors evaluate homes for buyers or sellers. Both roles involve fieldwork and require relevant certifications, but they serve different purposes within the real estate industry.

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Foreclosure Field Inspector jobs near you
Infographic showing various Foreclosure Field Inspector job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 87% Full Time, 10% Part Time, and 2% Contract. Highlights an 90% Physical, 3% Hybrid, and 7% Remote job distribution, with an average salary of $47,033 per year, or $22.6 per hour.

Special Assets Officer

City First Bank N.A.

Washington, DC

$145K - $155K/yr

Full-time

Re-posted 25 days ago

Job description

Description

WHO WE ARE

City First Bank N.A. is a mission-driven Community Development Financial Institution (CDFI) principally focused on a transformative impact in underserved, urban markets with the highest needs to drive equitable economic development. Our credit activities are purely commercial and focused on the following segments: Multifamily Affordable Housing, Not-for-Profit Finance, and Small Business Finance. As a depository and commercial lending provider with over $1.3 billion in bank assets as of December 31, 2025, our unified organization has over 100 employees in Washington DC and Los Angeles/Inglewood, CA.  


ROLE SUMMARY

The Special Assets Officer is responsible for the independent management, oversight, and resolution of complex criticized and classified commercial loan relationships, including Commercial Real Estate (CRE) and C&I credits. The role focuses on loss mitigation, capital preservation, and regulatory compliance, while proactively identifying emerging risks and executing strategies to return troubled assets to performing status or achieve an optimal exit. The Special Assets Officer exercises independent credit judgment, works closely with lending, legal, and executive leadership, and plays a critical role in regulatory readiness and Board reporting.


ESSENTIAL FUNCTIONS AND RESPONSIBILITIES

Portfolio & Problem Loan Management

  • Manages an assigned portfolio of criticized, classified, non-accrual, impaired, and restructured loans, including complex CRE and relationship-based credits.
  • Proactively identifies emerging credit concerns and assumes responsibility for loans migrating to Watch, Special Mention, Substandard, Doubtful, or Loss classifications.
  • Develops, documents, and executes customized resolution strategies designed to maximize recovery, minimize loss, and align with regulatory expectations.
  • Conducts on-site inspections of collateral and borrower operations to assess condition, cash flow sustainability, and risk exposure.

Credit Governance & Risk Management

  • Ensures accurate and timely risk rating assignments, accrual status determinations, impairment analysis, and charge-off recommendations.
  • Prepares and presents written credit memoranda, strategy updates, and risk rating justifications to internal Credit, Loan, Watch List, and Problem Loan Committees.
  • Partners with Finance and Credit to support CECL qualitative and quantitative inputs related to criticized assets.
  • Identifies portfolio-level trends and root causes of deterioration and recommends policy, procedural, or underwriting enhancements.

Workout, Legal, and Enforcement Activities

  • Leads and manages loan workouts, restructures, modifications, forbearance agreements, settlements, and exit strategies.
  • Oversees loans involving bankruptcy (Chapters 7, 11, and 13), receiverships, litigation, foreclosure, deeds-in-lieu, and UCC remedies.
  • Manages and directs external legal counsel, appraisers, environmental consultants, and other third parties to ensure cost-effective and timely resolution.
  • Reviews and coordinates the negotiation of loan documentation and enforcement actions in accordance with Bank policy and legal requirements.

Financial & Collateral Analysis

  • Performs and reviews global cash flow analysis, guarantor support assessments, stress testing, and collateral valuation sensitivity analysis.
  • Reviews and evaluates updated appraisals, rent rolls, operating statements, environmental reports, and inspection findings.
  • Assesses borrower and guarantor financial capacity, management quality, and operational viability to inform resolution decisions.

Regulatory, Audit & Reporting Responsibilities

  • Serves as a subject matter expert during regulatory examinations, audits, and internal reviews related to criticized assets and special assets governance.
  • Prepares criticized asset narratives, concentration analysis, and trend reporting for senior management and the Board of Directors.
  • Ensures adherence to interagency guidance, loan policy, credit procedures, and applicable federal and state regulations.
  • Responds promptly to regulatory, audit, and compliance findings and leads remediation efforts when necessary.

Provides guidance and mentorship to Relationship Managers and Commercial Loan Officers on early-warning indicators, risk mitigation, and borrower negotiations.

  • Manages Collections Officers and third-party collections vendors in an effort to optimize collection efforts.
  • Leads by example, embodying City First Bank's shared values of putting the customer and community FIRST, thinking BIG, modeling EXCELLENCE, and operating as ONE City First.



Requirements

EDUCATION & EXPERIENCE

Required Education/Experience:

  • Bachelor's degree in accounting, Business, Finance, or a related field or an equivalent of 6+ years of progressive commercial banking experience.
  • 7+ years of commercial banking experience, including 3-5 years in problem loan management, special assets, workout, or collections.
  • Demonstrated experience managing complex CRE and relationship-based credits

CERTIFICATIONS (Preferred, Not Required)

  • Certified Problem Loan Manager (CPLM)
  • Certified Credit Officer (CCO)
  • Formal training in credit analysis, bankruptcy, loan workouts or restructuring

KNOWLEDGE, SKILLS, AND ABILITIES

Required Knowledge & Skills:

  • Strong knowledge of commercial and CRE credit analysis, risk rating systems, criticized/classified asset governance, and loan accounting.
  • Working knowledge of bankruptcy law, foreclosure processes, collateral enforcement, and regulatory credit guidance.
  • Ability to balance risk mitigation with relationship management in sensitive and high-risk situations.
  • Excellent oral, written, and presentation skills, including the ability to communicate complex issues to senior leadership and the Board.
  • Strong analytical skills with the ability to make sound, independent credit judgments.
  • Demonstrated ability to influence outcomes without direct authority and manage conflict professionally.
  • Highly organized with strong time management skills and attention to detail.
  • Proficient in Microsoft Office and banking credit systems.
  • High degree of professional judgment, discretion, integrity, and accountability.
  • Clear written and oral communications
  • Excellent Presentation skills

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