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Foreclosure Jobs in Michigan (NOW HIRING)

Zeal Credit Union

Collections Specialist

Livonia, MI

$17.25 - $23.50/hr

Proven understanding of the foreclosure and bankruptcy processes Schedule: (subject to change) Monday-Friday: 9:00am-5:00pm onsite at our Livonia, MI office. Are you ready for an exciting opportunity?

Zeal Credit Union

Collections Specialist

Livonia, MI · On-site

$16.25 - $22/hr

Proven understanding of the foreclosure and bankruptcy processes Schedule: (subject to change) Monday-Friday: 9:00am-5:00pm onsite at our Livonia, MI office. Are you ready for an exciting opportunity?

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All JobsForeclosure JobsForeclosure Jobs in Michigan

Foreclosure information

See Michigan salary details

$28.3K

$49.8K

$88.9K

How much do foreclosure jobs pay per year?

As of Aug 9, 2026, the average yearly pay for foreclosure in Michigan is $49,766.00, according to ZipRecruiter salary data. Most workers in this role earn between $34,900.00 and $64,100.00 per year, depending on experience, location, and employer.

What is a foreclosure job?

A foreclosure job involves working in the process of managing and resolving mortgage defaults, including tasks such as inspecting properties, evaluating financial documents, and coordinating with lenders and homeowners. Common roles include foreclosure specialists, loss mitigation agents, and real estate professionals who handle the legal and administrative aspects of foreclosure proceedings.

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

To thrive as a Foreclosure Specialist, you need a solid understanding of mortgage processes, real estate law, and foreclosure procedures, often supported by a background in finance or real estate. Familiarity with loan servicing software, document management systems, and regulatory compliance tools is typically required. Attention to detail, strong organizational abilities, and effective communication skills distinguish top performers in this role. These skills ensure accurate processing, legal compliance, and effective coordination with clients and legal professionals throughout the foreclosure process.

What is the difference between Foreclosure vs Loan Officer?

AspectForeclosureLoan Officer
Required CredentialsLegal knowledge, real estate experienceLoan origination licenses, financial certifications
Work EnvironmentLegal settings, banks, or real estate firmsBanks, mortgage companies, financial institutions
Industry UsageInvolved in property repossession processesInvolved in loan approval and mortgage processes

Foreclosure and Loan Officer roles are related within the real estate and financial industries. Foreclosure specialists focus on legal and procedural aspects of property repossession, while Loan Officers handle loan applications and approvals. Both require industry-specific knowledge but serve different functions in the mortgage and real estate sectors.

What does a foreclosure specialist do?

A foreclosure specialist manages the legal and administrative processes involved when a property owner defaults on their mortgage. Their responsibilities include reviewing loan documents, initiating foreclosure proceedings, coordinating with attorneys, and ensuring compliance with state and federal laws. They also communicate with borrowers, lenders, and legal teams to facilitate the foreclosure process efficiently and accurately. Foreclosure specialists play a crucial role in minimizing financial loss for lenders while ensuring all procedures are followed correctly.

What are some common challenges faced by professionals working in foreclosure roles, and how can they effectively manage them?

Professionals in foreclosure roles often encounter challenges such as managing high caseloads, dealing with emotionally charged situations, and navigating complex legal and regulatory requirements. Effective time management and strong organizational skills are essential to keep processes moving efficiently. Additionally, clear communication with homeowners, attorneys, and team members helps ensure transparency and compliance. Staying updated on ever-changing laws and industry best practices also plays a key role in successfully managing foreclosure cases.
What are the most commonly searched types of Foreclosure jobs in Michigan? The most popular types of Foreclosure jobs in Michigan are:
What are popular job titles related to Foreclosure jobs in Michigan? For Foreclosure jobs in Michigan, the most frequently searched job titles are:
What job categories do people searching Foreclosure jobs in Michigan look for? The top searched job categories for Foreclosure jobs in Michigan are:
Foreclosure jobs near you
Infographic showing various Foreclosure job openings in Michigan as of July 2026, with employment types broken down into 96% Full Time, 2% Part Time, 1% Temporary, and 1% Contract. Highlights an 82% Physical, 4% Hybrid, and 14% Remote job distribution, with an average salary of $49,766 per year, or $23.9 per hour.

Collections Specialist

Zeal Credit Union

Livonia, MI

$17.25 - $23.50/hr

Full-time

Re-posted 14 days ago

Job description

Join Zeal Credit Union as a full-time Collections Specialist and immerse yourself in a dynamic, onsite role based at our corporate headquarters in Livonia, MI.

We're seeking a professional and empathetic Collections Specialist to support members through their unique financial challenges. You'll engage with members in a respectful, understanding manner, recognizing that every financial situation is unique. Your ability to listen, empathize, and collaborate on workable solutions are essential to our member-centered approach.

This position provides credit analysis and debt management counseling to improve members' financial lives by establishing savings plans, minimizing debt, or preventing collections action. Experience in collections and working through forbearance modifications or related legal processes as an alternative to traditional collection methods is valued. 

YOUR DAY AS A COLLECTIONS SPECIALIST

As a full-time Collections Specialist at Zeal Credit Union, you will be at the forefront of overseeing collection efforts, focusing on innovative strategies to prevent foreclosure through forbearance and loan modifications. You will manage the OREO property portfolio and navigate complex issues related to bankruptcy, judgments, and levies. Maintaining accurate reporting of recovery accounts and managing the repossession portfolio will be key responsibilities, along with preparing documentation for legal initiatives. You'll collaborate with team members to develop credit solutions tailored to our members' needs while keeping meticulous records on delinquent accounts and facilitating insurance claims for various loans. Your negotiation skills will come into play as you seek optimal resolutions for both vendors and members.

Punctuality and regular onsite attendance are essential, as you perform various tasks to support the credit union's mission and ensure effective recovery efforts.

DOES THIS SOUND LIKE YOU?

To excel as a full-time Collections Specialist at Zeal Credit Union, the following knowledge and skills are required: you will need the following knowledge and skills requirements:

  • 1 to 3 years of similar or related experience.
  • High school education or GED
  • Extensive knowledge of collection regulations including but not limited to: MLA, SCRA, FCRA, FDCPA, Bankruptcy Code
  • Intermediate knowledge of Microsoft Suite products
  • Strong verbal and written communication skills
  • Excellent member service skills
  • Results oriented, with the ability to work independently
  • Punctuality and regular onsite attendance

Preferred:

  • Proven understanding of the foreclosure and bankruptcy processes

Schedule: (subject to change)

Monday-Friday: 9:00am-5:00pm onsite at our Livonia, MI office.

Are you ready for an exciting opportunity?

If your experience aligns with these requirements, we invite you to submit your application today!

Zeal Credit Union is committed to a policy of equal treatment and opportunity in every aspect of its relations with employees, without regard to race, sex, color, religion, gender identity, sexual orientation, height, weight, national origin, citizenship status, age, military or veteran status, or disability, or any other classification protected by applicable federal, state or municipal law. Applicants may request accommodation during the application process by contacting 800-321-8570 OR mail-HumanResource@zealcu.org.

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